Exclusion of services, capping and reduction of benefit under SEIS scheme amenable to challenge before the Constitutional Courts Similar to cap brought under Merchandise Exports from India Scheme (‘MEIS’) benefits for the period September to December 2020, the Central...
Mandatory registration requirement under Legal Metrology law We highlighted the applicability of Legal Metrology law on component manufacturers supplying goods to OEMs in packaged form. We also wish to highlight that every person dealing in pre-packaged commodity...
Ineligibility of RoDTEP Scheme for exporters availing benefit of MOOWR Scheme and depiction of RoDTEP benefit basis notional rates on ICEGATE portal Ineligibility of RoDTEP Scheme for exporters availing benefit of MOOWR Scheme. The key points are as under:...
Applicability of Legal Metrology law on component manufacturers supplying goods to OEMs in packaged form The Legal Metrology Act, 2009 (‘LM Act’) provides standards and regulations of weights and measurements and incidental aspects. Further, the Legal Metrology...
Denial of Input Tax Credit where supplier fails to pay tax The GST department has been undertaking investigations against various taxpayers who have failed to deposit GST on their supplies. This Outlook is to appraise you that upon detecting tax evasion at supplier’s...
Departmental investigations basis mismatch of tax liabilities in E-Way Bill and GSTR-3B This Outlook intends to update you on recently initiated departmental investigations seeking reconciliation between turnover and tax declared in E-Way Bill (‘EWB’) vis-à-vis...
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