Implementation of 1st Phase of faceless e-assessment at Bengaluru and Chennai Customs zone We updated you on the reforms in Customs clearance under umbrella of Customs Turant Scheme launched by the Central Board of Indirect Taxes and Customs (‘CBIC’). Recently, the...
Recent Notifications issued under GST law Due to COVID-19, the Central Government extended due dates for filing of various returns (discussed in the earlier update). Recently, the Government has issued various Notifications to waive off late fee for filing Form GSTR-1...
Electronic communications of Shipping Bill and e-Gatepass Vide earlier update, we updated you on the reforms in Customs clearance under initiative Customs Turant Scheme launched by the Central Board of Indirect Taxes and Customs (‘CBIC’). Recently, the CBIC has...
Judgment Update | Applicability of GST on merchanting sales This is to apprise you regarding recent decision of Authority for Advance Ruling (‘AAR’), Gujarat in the case of Sterlite Technologies Limited, 2020-VIL-150-AAR on the issue of applicability of GST on...
Judgment Update | Supreme Court stays Delhi High Court judgment on TRAN-1 Recently, the Supreme Court had stayed the order of Delhi High Court in the case of Brand Equity Treaties Limited v. UOI, 2020-VIL-196-DEL (update shared vide the trail mail) where the time...
No Service Tax on Corporate Guarantee provided for Group Companies This is to apprise you on recent ruling in the case of DLF Projects Limited v. CCE, 2020-TIOL-870-CESTAT-CHD passed by the CESTAT. Vide this ruling, the CESTAT has held that Corporate Guarantee (‘CG’)...
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