Recent developments impacting Export Incentives and International Trade Dispute on Export IncentivesOn October 31, 2019, the dispute settlement panel of World Trade Organization (‘WTO’) held that various export incentives offered by India like MEIS, EPCG etc. are...
Fiscal Incentives available under the New Haryana Investment Subsidy Policy to Manufacturing and Service units The Haryana Government has introduced the Investment Subsidy on VAT / SGST (‘Scheme’) vide Notification No. 49/43/2015-4IB-I dated September 14, 2019. The...
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)....
Amendment in CGST Rules_Extension of due date for filing annual return and reconciliation statement and simplification in formats of Form GSTR-9 and Form GSTR-9C This is to apprise you regarding extension of time limit for filing annual return and reconciliation...
GST implications on employee salaries The Government recently vide its Press Release dated November 15, 2019 clarified that no GST shall be applicable on salaries of chief executives sitting in head offices. Additionally, it has been clarified that the media reports...
Recent Circular | Clarifications on 20% restriction on ITC availment under Rule 36(4) of the CGST Rules, 2017 The Central Board of Indirect Taxes and Customs (‘CBIC’) has recently issued Circular No. 123/42/2019-GST dated November 11, 2019 (‘Circular’) clarifying...
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