Key points on litigation under GST law Recently, on September 30, 2023 [last date of issuance of Show Cause Notice (‘SCN’) for FY 2017-18 under Section 73 of the CGST Act], many taxpayers received SCNs on variety of issues. This being beginning of litigation landscape...
Introduction of Electronic Credit Reversal and Re-claimed Statement Ledger GSTR-3B was amended last year vide Notification No. 14/2022-Central Tax dated July 5, 2022 (‘Notification’) whereby taxpayers were required to reconcile and avail ITC basis ‘ITC’...
Amendments in GST law effective October 1, 2023 Various amendments in GST law were proposed vide the Finance Act, 2023, the Central Goods and Services Tax (Amendment) Act, 2023, the Integrated Goods and Services Tax (Amendment) Act, 2023 and recent Notifications. Vide...
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...
“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.
