Department loses battle against ITC reversal on Manufacturing Loss In taxation, the dispute regarding availability of credit on ‘manufacturing loss’ have existed for long. The issue has now opened its wings in GST as well. The authorities do not place importance for...
NITYA | Indirect Tax Bulletin | July 2021 | Week 3 Please click on the below link to NITYA | Indirect Tax Bulletin | July 2021 | Week 3 (Legal Precedents) covering all recent updates. NITYA I Indirect Tax Bulletin I July 2021 I Week 3 We hope you will enjoy reading...
Proper Officer under GST – An Administrative Chaos! The widely propagated idea of GST law of ‘One Nation One Tax’ was visualized not only to subsume multiple levies into one but also to bring into bargain a single administration for a taxpayer. The design...
NITYA | Indirect Tax Bulletin | July 2021 | Week 2 Please click on the below link to NITYA | Indirect Tax Bulletin | July 2021 | Week 2 (Legal Precedents) covering all recent updates for your kind perusal. NITYA I Indirect Tax Bulletin I July 2021 I Week 2 We hope...
Demystifying Rule 86A of the CGST Rules – The Untrodden Path The GST Authorities, even on trivial issues or minor lapses on the part of suppliers, are blocking the credit utilization of bona fide recipients, thereby forcing the taxpayers to discharge their GST...
MOOWR – Concept, Procedure and Clarifications In order to promote India as global manufacturing hub, the Central Government has notified the Manufacture and Other Operations in Warehouse Regulations, 2019 (‘MOOWR Scheme’) vide Notification No. 69/2019-Customs...
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