High Court accepts challenge to reduction of MEIS benefit We apprised you regarding Notification No. 30/2015-2020 dated September 1, 2020 which restricted MEIS benefit for exporters to Rs.2 crore per Import-Export Code (‘IEC’) for exports made between September to...
Recent changes in GST Law The Central Government has recently issued multiple Notifications to make several changes in GST law. Vide this update, we have discussed key changes as under: A. Amendment in the Central Goods and Services Tax Act, 2017 (‘CGST Act’) Vide...
Short video on GST on UPS System Since the introduction of GST, the issue of classification of Uninterrupted Power Supply (‘UPS’) System has grappled the whole industry. UPS system comprises of two main elements, static convertor and battery. When sold separately, 18...
Generation of E-Way Bill from E-Invoice portal We wish to apprise you regarding integration of E-Invoice portal for generation of E-Way Bill (‘EWB’) for taxpayers required to issue E-Invoice. Recent news reports indicate that from January 2021, EWB portal will be...
Classification of Fruit Juice-based Drinks Classification disputes have always been bone of contention between department and taxpayers. With several issues already settled down in pre-GST era, the same are resurfacing with onset of GST. One such issue is...
Auto-Population of GSTR-3B basis GSTR-1 and GSTR-2B We apprised you on changes proposed in 42nd GST Council meeting regarding auto-population of GST liability and Input Tax Credit (‘ITC’) in GSTR-3B. We wish to inform you that requisite changes have been made on GST...
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