Tolerance Of An Act: A Race To Tax The Unexpected By Poonam Harjani & Ashutosh Mishra”The supreme irony of life is that hardly anyone gets out of it alive”- Robert A Heinlein Yes, it is true, ‘Life is indeed ironic!’. Otherwise who would...
Removal of pre-import condition In our earlier updates (please refer trail mail), we discussed the applicability of pre-import condition imposed on Advance Authorisation holders claiming exemption of IGST on imports and writ petitions challenging the constitutional...
A Case of Profiteering by HUL Puneet Bansal (Managing Partner, Nitya Tax)“(Prof. Sparrow on regulators) The essence of crafts lies in picking right tool for the job, knowing when to use when in combination, and having a system for reorganising when the tools are...
Clarifications in respect of Budgetary Support Scheme We are all aware that the Government vide Notification No. F.No.10(1) / 2017-DBA-II / NER dated October 5, 2017 (‘Notification’) has extended the benefit of Budgetary Support to units availing Area Based Exemptions...
Legal Precedents’ Series_Issue 2 (Advance Rulings) NITYA Tax Associates is proud to present its second issue of ‘NITYA’s Insight-Legal Precedents’ Series’ on key Advance rulings under GST.In this regard, please find attached Issue-2(Advance Rulings) of the Legal...
Applicability of GST on TCS The CBIC has issued Circular No.76/50/2018-GST dated December 31, 2018 (‘Circular’) inter-alia clarifying that basis Section 15(2)(a) of the CGST Act, tax collected at source (‘TCS’) under the provisions of the Income Tax Act, 1961 (‘IT...
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