Amendments proposed in 43rd GST Council Meeting Recently, Government uploaded Agenda of 43rd GST Council Meeting held on May 28, 2021. Agenda contains various amendments proposed by the Council in the Central Goods and Services Tax Act, 2017 (‘CGST Act’). The changes...
Generation of RoDTEP scrips We have kept you updated regarding constant developments in Remission of Duties and Taxes on Exported Products (‘RoDTEP’) Scheme. In this regard, this is to update you that the Government has initiated generating scrolls on ICEGATE Portal...
GST implications on ITC availment basis Invoices and Debit Notes not uploaded by suppliers Section 16(2)(aa) of the Central Goods and Services Tax Act, 2017 (‘CGST Act’), inserted vide the Finance Act, 2021, has been made effective from January 1, 2022. This provision...
GST implications on waste and scrap retained by Job-Worker generated during job-work activity We wish to apprise you about GST implications on waste and scrap retained by Job-Worker generated during job-work activity specifically valuation of job-worker’s services in...
Delhi High Court also accepts challenge to reduction of MEIS benefit We apprised you that the Central Government vide Notification No. 30/2015-20 dated September 1, 2020 (‘Notification’) restricted Merchandise Exports from India Scheme (‘MEIS’) benefit for exports...
High Court accepts challenge to reduction of SEIS benefit for FY 2019-20 We apprised you that the Central Government vide Notification No. 29/2015-20 dated September 23, 2021 (‘Notification’) has amended Foreign Trade Policy, 2015-20 (‘FTP’) and capped Service Exports...
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