Key amendments to Finance Bill, 2023 as approved by the Lok Sabha Finance Bill, 2023 was passed by the Lok Sabha on March 24, 2023. In addition to amendments relating to the GST Appellate Tribunal (‘GSTAT’) (as discussed in 49th GST Council meeting), several other...
Exemptions from mandatory declarations on MRP Label under Legal Metrology The Legal Metrology Act, 2009 provides standards & regulations for weights & measurements including incidental aspects and the Legal Metrology (Packaged Commodities) Rules, 2011 (‘LMPC...
Verification of pre-GST transitional credits by February 28, 2023 In NITYA Outlook | Issue 105 | CBIC issues guidelines on re-opening of GST Portal to file / revise claims of transitional credits and NITYA | Indirect Tax Bulletin | November 2022 | Week 1 – 3, we...
Update on 49th GST Council Meeting We intend to apprise you on decisions taken in the 49th GST Council Meeting and implications thereof. 1. Constitution of GST Appellate Tribunal · GST Council (‘Council’) has accepted report of Group of...
GST implications on foreign bank charges We intend to apprise you on recent disputes being raised by revenue regarding GST implications on bank charges paid by Indian exporters & importers to foreign banks relating to forwarding documents and collecting/remitting...
Registration requirements for imported weight and measure under Legal Metrology law The Legal Metrology Act, 2009 (‘LM Act’) provides different registration and licensing requirements to ensure conformity of weight and measure with international standards. Vide this...
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