Investigations regarding inclusion of value of drawings and designs in assessable value of goods for payment of excise duty This is to apprise you regarding recent investigations being undertaken by Directorate General of Goods and Services Tax Intelligence (‘DGGSTI’)...
Interest on delayed grant of output stage refund of IGST on exports Please find below ‘NITYA’s Outlook – Issue 5’ on the eligibility of interest on delayed grant of output stage refund of IGST on export of goods and services.Legal provisions Section 54 of the...
Retrospective applicability of exclusion of interest from ‘exempt supply’ Please find below ‘NITYA’s Outlook – Issue 4’ regarding the retrospective applicability of exclusion of interest from ‘exempt supply’ for the purpose of reversal of Input Tax Credit...
Retrospective applicability of exclusion of interest from ‘exempt supply’ Dear Reader,Please find below ‘NITYA’s Outlook – Issue 4’ regarding the retrospective applicability of exclusion of interestfrom ‘exempt supply’ for the purpose of reversal of Input Tax...
Input Tax Credit on drinking water The admissibility of input tax credit (‘ITC’) on drinking water consumed at workplaces like factory, offices etc. has been a debatable issue under GST. In this regard, please find ‘NITYA’s Outlook – Issue 3’ on eligibility of...
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