NITYA | Indirect Tax Bulletin | May 2022 | Week 1 In this Weekly Bulletin, we have captured following: Rulings Incorrect vehicle type mentioned in E-way Bill Deeming fiction to determine value of land for construction services Taxability of marketing services as...
Inverted duty structure – A turmoil for Traders GST law was introduced with the objective of eliminating cascading effects and having seamless flow of credit throughout supply chain. On the contrary, inverted duty structure divulges a situation when tax on inputs is...
Nature of GST payable on Intermediary service This update intends to discuss vexed issue of nature of GST on Intermediary services viz. IGST or CGST and SGST for services provided to overseas clients. Under the Integrated Goods and Services Tax Act, 2017 (‘IGST Act’),...
NITYA | Indirect Tax Bulletin | April 2022 | Week 5 In this Weekly Bulletin, we have captured following: Rulings Cash refund in case of failure to file TRAN-1 due to fire accident in factory Refund of ITC to SEZ Unit Taxability of incentives received from OEM when...
Outright Exemptions on import of goods by Advance Authorization holders / EPCG holders / EOUs – Strangled between uncertain destiny!! GST was announced in July 2017 calling it ‘Good and Simple Tax’. An unplanned introduction meant that several systems were not ready,...
NITYA | Indirect Tax Bulletin | April 2022 | Week 4 In this Weekly Bulletin, we have captured following: Rulings Rate of interest on delayed refund Appearance by authorised representative in case of summons Lapse in making MEIS declaration on Shipping Bills Supply of...
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