Department’s high-handedness in issuing GST Show Cause Notices for FY 2017-18 CBIC extended time limit for issuance of Show Cause Notices (‘SCN’) for FY 2017-18 till September 30, 2023. This time limit is for SCN issued under Section 73 of the CGST Act. As last date...
Eligibility of ITC on residential dwelling provided to Directors, Employees etc. GST on renting of residential dwelling to registered person became applicable under RCM effective July 18, 2022. This change had far-reaching impact since many taxpayers take residential...
GST implications on ESOP transactions Companies often grant shares or share options to their employees. Employee Stock Option Plan (‘ESOP’) is an arrangement between the Company and its employee which entitles employee to receive shares of respective Company or Group...
Recent issues under Legal Metrology Laws The Legal Metrology (Packaged Commodities) Rules, 2011 (‘LMPC Rules’) enlists various declarations to be made on retail and wholesale packages. Of-late there is a surge in onsite inspections and issuance of notices alleging...
NITYA Outlook | Issue 146 | GST implication of services provided by Directors Service supplied by Director of Company to said Company is notified under Reverse Charge Mechanism (‘RCM’) on which tax is payable by recipient i.e. Company. Recently, CBIC issued...
NITYA Outlook | Issue 145 | Availability of FTP Amnesty Scheme for domestic procurements The Government introduced One time Amnesty Scheme (‘Scheme’) vide Public Notice No. 2/2023 dated April 1, 2023 for exporters grappling with pending default in Export Obligation...
“The rules of the Bar Council of India prohibit law firms from advertising and
soliciting work through communication in the public domain. This website is
meant solely for the purposes of providing information and not for the
purpose of advertising. This knowledge site is not intended to be a source of
advertising or solicitation and the contents of the knowledge site should not
be construed as legal advice. NITYA Tax Associates do not intend to use this
website for directly or indirectly soliciting or advertising an attorney-client
relationship from a user of this website.
By proceeding further and clicking on the “I AGREE” button herein below, the
user expresses acknowledgement of having read and understood the
Disclaimer & Terms of Use above or please close this browser window to exit
this website.
