Recent amendment in Reverse charge mechanism on service of renting of motor vehicle The recent amendment made in Notification No. 13/2017 – CT (‘Reverse Charge Notification’) regarding service of renting of motor vehicle.Vide Notification No. 22/2019-CGST (Rate) dated...
Incentives available to taxpayers in Himachal Pradesh under Industrial Investment Policy 2019 The Himachal Pradesh Government has introduced Industrial Investment Policy 2019 (‘Scheme’) vide Notification No. Ind.-A(F)2-2/2019-I dated August 16, 2019. The Scheme covers...
Recent developments impacting Export Incentives and International Trade The latest developments vis-à-vis dispute on export incentives before the World Trade Organization (‘WTO’) and implementation of new Foreign Trade Policy in India.India can continue with disputed...
Change in MEIS Rates from January 1, 2020 The recent changes in rates of Merchandise Exports from India (‘MEIS’) Scheme for certain goods. The Central Government provided an additional 2 percent MEIS benefit on certain goods as per its various Public Notices[1].As per...
Amended Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 The Government vide the Finance Act, 2019 has implemented the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (‘Scheme’) for settlement of disputes of old Indirect Tax laws (excise and service tax)....
Updates on 38th GST Council Meeting Key decisions of 38th GST Council Meeting held on December 18, 2019. The relevant changes proposed by the Council, are as under:Legal ChangesRestriction on claim of Input Tax Credit: The restriction to claim Input Tax Credit (‘ITC’)...
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