Date of implementation of amendments in Legal Metrology (Packaged Commodities) Rules, 2011 extended to October 1, 2022 We discussed on various transitional issues pursuant to amendments in Legal Metrology (Packaged Commodities) Rules, 2011 (‘LMPC Rules’) brought in by...
Transitional issues pursuant to amendments in Legal Metrology (Packaged Commodities) Rules, 2011 effective April 1, 2022 We apprised on key amendments brought in by Notification No. GSR 779(E) dated November 2, 2021 which amended the Legal Metrology (Packaged...
Key Year End To-do’s from GST, Customs, FTP and Legal Metrology Laws perspective With closing of Financial Year (‘FY’) 2021-22, it is apposite to review overall compliance from legal perspective. In this Outlook, we recommend following key year end checks and To-Do’s...
Applicability of Stamp Duty on Bill of Entry The Bombay High Court in a recent case of Tata Autocomp Systems Limited v. State of Maharashtra, Writ Petition (L) No. 478 of 2022 (‘Tata Autocomp’) granted interim relief by directing Maharashtra Government to refrain from...
Section 194R of the Income Tax Act, 1961 and its GST offshoots Vide Budget 2022, the Government has introduced Section 194R in the Income Tax Act, 1961 (‘ITA’) obligating deduction of TDS on ‘any benefit or perquisite, whether convertible into money or not, arising...
Applicability of Section 16(2)(aa) in specific scenarios The introduction of Section 16(2)(aa) in the CGST Act (effective January 2022) has imposed additional obligations on recipients for claiming ITC. This provision allows ITC to recipient if ‘supplier has furnished...
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