Legality of audit proceedings of service tax initiated post GST implementation The legality of audit and recovery proceedings initiated now under the erstwhile service tax laws, has been a debatable issue in recent times. This Outlook is an attempt to apprise the...
Eligibility of transitional credit of various cesses It is a well settled proposition that Parliament’s right to tax is unfettered and it can exercise this right even retrospectively. However, for a vested right like cenvat credit being legitimately enjoyed by a...
Input tax credit in respect of goods transportation services for export goods This is to apprise you regarding a recent Input Tax Credit (‘ITC’) issue that has arisen in respect of goods transportation services for export goods post amendment in the Integrated Goods...
Key year end To dos This update intends to apprise taxpayers about the key year end activities to be undertaken by March 31, 2019 or on April 1, 2019 to ensure due compliance with the GST law. The following points may be kept in mind by taxpayers:Sl. No.Nature of...
Recent litigations in Maharashtra to levy VAT on royalty and license fee charged by foreign companies The levy of service tax (central tax) or VAT (state tax) on a transaction has been debated numerous times under the erstwhile Indirect Tax regime specifically in...
Refund of erstwhile duties and taxes (excise duty, service tax / CVD / SAD) paid after advent of GST This update intends to apprise you about the possibility of seeking refund of erstwhile taxes such as excise duty, service tax, countervailing duty (CVD) / special...
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