Removal of pre-import condition In our earlier updates (please refer trail mail), we discussed the applicability of pre-import condition imposed on Advance Authorisation holders claiming exemption of IGST on imports and writ petitions challenging the constitutional...
Clarifications in respect of Budgetary Support Scheme We are all aware that the Government vide Notification No. F.No.10(1) / 2017-DBA-II / NER dated October 5, 2017 (‘Notification’) has extended the benefit of Budgetary Support to units availing Area Based Exemptions...
31st GST Council meeting The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. There was a huge expectation in the industry that the Council will rationalize the tax rate on many goods and services.The Council did...
Amendments proposed in 31st GST Council meeting The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. There was a huge expectation in the industry that the Council will rationalize the tax rate on many goods and...
Investigations regarding levy of service tax on incentives/discounts received by the dealers of the vehicle manufacturers, FMCG companies This is to update you regarding recent investigations being undertaken by Directorate General of Goods and Services Tax...
Includability of tool amortization cost in assessable value of goods for levy of GST – Recent developments In reference to our earlier update dated November 27, 2018 on the referred issue, we would like to apprise you regarding the recent Advance Ruling in the...
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