Extension of limitation period prescribed under various laws (specifically VAT laws) qua litigation proceedings Considering COVID-19 pandemic, the Central Government passed the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘Ordinance’) on...
Input Tax Credit under GST – A right or a burden? After completion of close to 3 years of implementation of GST regime, a feeling persists in the minds of taxpayers that Government has failed to recognize the substantive character of ITC by providing numerous...
Special Procedure for Corporate Debtors undergoing Corporate Insolvency Resolution Process The Central Goods and Services Tax Act, 2017 (‘CGST Act’) contains no special provision(s) in respect of Corporate Debtors (‘CDs’) undergoing Corporate Insolvency Resolution...
Update on various incentive schemes announced by the Ministry of Electronics and Information Technology The Ministry of Electronics and Information Technology (‘MEIT’) undertakes measures to incentivize the domestic manufacturers for producing electronic goods. These...
Further relaxations under Indirect Taxes amid COVID-19 outbreak To mitigate the turmoil caused by COVID-19 pandemic, Government is continuously providing reliefs to taxpayers. In this regard, following relief measures have been recently announced: Clarification for...
A dead claim of interest, coming alive? – 2.0 The levy of “interest” often poses interesting disputes and GST law is not an exception. Interest is compensatory in nature and imposed on a taxpayer who withholds payment of tax beyond prescribed time limit. The...
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