CSR — Business test and ITC eligibility under GST PCorporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders, wherease the purpose of CSR is...
31st GST Council meeting The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. There was a huge expectation in the industry that the Council will rationalize the tax rate on many goods and services.The Council did...
Time limit for taking Input Tax Credit pertaining to Financial Year 2017-18 – Recent developments In reference to our earlier update dated November 26, 2018 on the captioned issue, we would like to apprise you regarding the recent Writ Petition filed before the...
Amendments proposed in 31st GST Council meeting The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. There was a huge expectation in the industry that the Council will rationalize the tax rate on many goods and...
Investigations regarding levy of service tax on incentives/discounts received by the dealers of the vehicle manufacturers, FMCG companies This is to update you regarding recent investigations being undertaken by Directorate General of Goods and Services Tax...
Includability of tool amortization cost in assessable value of goods for levy of GST – Recent developments In reference to our earlier update dated November 27, 2018 on the referred issue, we would like to apprise you regarding the recent Advance Ruling in the...
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