Refund of Social Welfare Surcharge paid in past when Customs Duty was exempt CBIC Circular No. 3/2022 – Customs dated February 1, 2022 (‘SWS Exemption Circular’) comes as relief and likely to settle issue of applicability of Social Welfare Surcharge (‘SWS’) wherein...
Matching of ITC with records available at ICEGATE portal We wish to apprise you that department has recently started issuing notices seeking reasons for variance between ITC availed on imported goods in GSTR-3B vis-à-vis GST paid on imported goods as per ICEGATE...
Amendments proposed in 43rd GST Council Meeting Recently, Government uploaded Agenda of 43rd GST Council Meeting held on May 28, 2021. Agenda contains various amendments proposed by the Council in the Central Goods and Services Tax Act, 2017 (‘CGST Act’). The changes...
Generation of RoDTEP scrips We have kept you updated regarding constant developments in Remission of Duties and Taxes on Exported Products (‘RoDTEP’) Scheme. In this regard, this is to update you that the Government has initiated generating scrolls on ICEGATE Portal...
GST implications on ITC availment basis Invoices and Debit Notes not uploaded by suppliers Section 16(2)(aa) of the Central Goods and Services Tax Act, 2017 (‘CGST Act’), inserted vide the Finance Act, 2021, has been made effective from January 1, 2022. This provision...
GST implications on waste and scrap retained by Job-Worker generated during job-work activity We wish to apprise you about GST implications on waste and scrap retained by Job-Worker generated during job-work activity specifically valuation of job-worker’s services in...
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