DGGI drops major demand of excise duty on inclusion of value of Drawings & Designs in assessable value of automotive components We apprised you regarding on-going litigation on inclusion of value of Drawings & Designs in assessable value of automotive...
Changes / clarifications proposed during various GST Council Meetings but pending implementation The GST Council regularly meets with aim to resolve various issues arising in implementation of simple & stable tax regime and discussing multiple proposals. While the...
Proposed time limit for availment of ITC, adjustment of Credit Notes and rectification in GSTR-1 and GSTR-3B As you are aware, the Finance Act, 2022 proposed to change due dates of following GST compliances of any Financial Year (‘FY’) from due date of filing of...
Supreme Court directs re-opening of GST Portal for 2 months for filing TRAN-1 & TRAN-2 In a landmark move, Supreme Court in the case of UOI v. Filco Trade Center Private Limited, 2022-VIL-38-SC has directed re-opening of GST Portal to carry forward pre-GST...
GST Implications on Merchant Trading Transactions executed prior to February 2019 We intend to apprise you on recent dispute being raised by revenue regarding GST implications on Merchant Trading Transactions (‘MTT’) executed prior to February 2019. MTT is a common...
Implications of amendments in GSTR-3B This is to update you regarding amendments made in GSTR-3B vide Notification No. 14/2022 dated July 5, 2022 and also Circular No. 170/02/2022-GST dated July 6, 2022 (issued to clarify reporting changes). Pertinently, these changes...
“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 Attorneys 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.
