NCLT directs CGST authorities to accept GST payments and GST returns manually and refrain from taking any coercive steps against Company undergoing insolvency proceedings The recent order passed by the National Company Law Tribunal, Mumbai (‘NCLT’) in the...
E-Invoicing – A Taxation and Business reform l Revised Booklet Recently, the Government has again updated the Concept Note and FAQs on E-Invoicing. To capture these changes and other routine developments on the issue, we have updated our booklet after...
Key changes proposed for import of goods The Government has recently proposed two key changes which shall have a significant bearing on importers of goods. The following is a brief up about these changes:Review / monitoring of imports under “Others”...
Interest applicability on delayed payment of tax Recently, the CBIC vide letter addressed to its Principal Chief Commissioners and Chief Commissioners of GST has clarified that interest is payable on gross tax liability and amendment in Section 50 of the Central Goods...
Judgment Update | VAT not payable by dealers on discounts received from manufacturers The recent Madras High Court judgment in the case of Kun Motor Company Private. Ltd. v. ACCT, 2020 (2) TMI-364-Madras HC.FactsIn this case, the taxpayer was a car dealer who received...
Affixation of MRP labels on imported goods under Legal Metrology law and Exemption to AEO registrants – A Missing Link The legal sanctity of relaxation given to Authorized Economic Operator (‘AEO’) registrants with respect to affixing of MRP labels on imported goods...
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