Service Tax on Discounts – Madras High Ruling in TV Sundaram Iyengar & Sons Giving discounts is common industry practice prevalent across all sectors such as Automobile, FMCG etc. With litigations recently initiated by Directorate General of Goods and Services...
CAG’s IT Audit of GSTN – Observations regarding Refund and E-Way Bill Modules Recently, Comptroller and Auditor General of India (‘CAG’) published its report on Information Technology (‘IT’) audit of Goods and Services Tax Network (‘GSTN’) for Financial Year (‘FY’)...
Cancellation and Suspension of Registration We hope you and your loved ones are safe and healthy. We pray for speedy recovery for ones effected by COVID-19. COVID-19 pandemic is spreading at rapid pace across India and NITYA family is no exception to this. During last...
Validity of Show Cause Notices issued by DRI (Analysis of Canon India Judgment) In an interesting turnaround of events, the Supreme Court in the case of Canon India Private Limited v. UOI, 2021-VIL-24.SC-CU held that DRI is not ‘Proper Officer’ for issuing Show Cause...
Analysis of Departmental Instructions curtailing Input Stage GST refund to FOB value of export goods Recently, the Department has started disputing quantum of Input Stage GST refund available on export goods on the ground that value of export goods should be lower of...
State-wise monetary limits for issuance of E-Way Bill for intra-State movement of goods Rule 138 of the Central Goods and Services Tax Rules, 2017 (‘CGST Rules’) as well as Rule 138 of the respective State Goods and Services Tax Rules, 2017 (‘SGST Rules’) provide that...
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