Applicability of Legal Metrology law on component manufacturers supplying goods to OEMs in packaged form The Legal Metrology Act, 2009 (‘LM Act’) provides standards and regulations of weights and measurements and incidental aspects. Further, the Legal Metrology...
Definition of Business – Text or Context? | Indirect Tax NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending Indirect Tax issues. A gist of the next article in the series is as under: Article 73 – “Definition of Business...
NITYA | Indirect Tax Bulletin | August 2021 | Week 2 Please click on the below link to NITYA | Indirect Tax Bulletin | August 2021 | Week 2 (Legal Precedents, Other Updates and Recent News) covering all recent updates for your kind perusal. NITYA I Indirect Tax...
RoDTEP Scheme – Concept, Procedures and Key Issues Finally, the Government has notified much-awaited export incentive scheme Remission of Duties and Taxes on Exported Products (‘RoDTEP Scheme’). The Scheme has been made effective from January 1, 2021 to grant rebate...
Denial of Input Tax Credit where supplier fails to pay tax The GST department has been undertaking investigations against various taxpayers who have failed to deposit GST on their supplies. This Outlook is to appraise you that upon detecting tax evasion at supplier’s...
Assessment under Customs: An unending dilemma! NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending Indirect Tax issues. A gist of the next article in the series is as under: Article 72 – “Assessment under Customs: An...
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