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...
NITYA | Indirect Tax Bulletin | March 2022 | Week 1 In this Weekly Bulletin, we have captured following: Rulings Rectification in GSTR-1 Provision of reasons of provisional attachment to taxpayer Levy of GST on electricity charges and DG set rental charges collected...
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...
NITYA | Indirect Tax Bulletin | February 2022 | Week 4 In this Weekly Bulletin, we have captured following: Rulings Refund of Cenvat Credit under Section 142(3) Our Managing Associate, Sourabh Kumar has also given his insights on this issue in a short video. Please...
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...
NITYA | Indirect Tax Bulletin | February 2022 | Week 3 In this Weekly Bulletin, we have captured following: Rulings • Time limit to avail ITC Please click on the below link to NITYA | Indirect Tax Bulletin | February 2022 | Week 3 (Legal Precedents) covering all...
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