Inverted duty structure – A turmoil for Traders

Inverted duty structure – A turmoil for Traders

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

Nature of GST payable on Intermediary service

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’),...
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