Budget 2021: Key Indirect Tax Proposals Union Budget 2021 had an overarching objective of ‘AtmaNirbhar Bharat’. The Finance Minister has proposed significant changes under both Direct and Indirect Tax laws. The Indirect Tax proposals mainly revolved around...
GST Circulars issued by State Tax authorities, not in line with Central Tax authorities Recently, the Maharashtra GST Department (‘MGSTD’) issued Trade Circular No. 1T of 2021 dated January 12, 2021 (‘Circular 2021’) withdrawing its earlier Circular 39T of 2019 dated...
NITYA Legal Precedents | January 2021 | Week 3 Please click on the below link to NITYA Legal Precedents | January 2021 | Week 3 (Writs and Advance Rulings) covering the decisions for the week ending January 21, 2021 for your kind perusal. NITYA Legal Precedents I...
Rate of GST on parts and accessories of motor vehicles We apprised you that the revenue is disputing classification of parts and accessories of motor vehicles as adopted by taxpayers. As per the revenue, these goods fall under Headings 8708 and 8714 which cover ‘parts...
Non-availability of RoDTEP benefit along with other export incentives, amenable to challenge before Constitutional Courts While Remission of Duties and Taxes on Exported Products (‘RoDTEP’) has got operational from January 2021, legal framework of the scheme is not...
Restrictions and Exceptions to Rule 86B of CGST Rules (payment of 1% GST liability through Electronic Cash Ledger) The Central Goods and Services Tax Rules, 2017 (‘CGST Rules’) underwent several changes effective from January 1, 2021. One important amendment was...
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