E-Invoicing – A Taxation and Business reform l Revised Booklet Recently, the Government has again updated the Concept Note and FAQs on E-Invoicing. To capture these changes and other routine developments on the issue, we have updated our booklet after...
Key changes proposed for import of goods The Government has recently proposed two key changes which shall have a significant bearing on importers of goods. The following is a brief up about these changes:Review / monitoring of imports under “Others”...
Taxation of Automobiles –A discourse on the eternal tug for taxes between States In India, the taxation system is based on fiscal federalism i.e. the Centre and State have independent taxing powers. Some taxes are levied by the Centre but collected and assigned to...
Interest applicability on delayed payment of tax Recently, the CBIC vide letter addressed to its Principal Chief Commissioners and Chief Commissioners of GST has clarified that interest is payable on gross tax liability and amendment in Section 50 of the Central Goods...
GST on Ocean Freight held unconstitutional! – Another retrospective amendment in making? NITYA Tax Associates is proud to present their recent write-ups in the ‘Article’ series on trending GST issues. A gist of the next article (Article 32) in the series is as...
Judgment Update | VAT not payable by dealers on discounts received from manufacturers The recent Madras High Court judgment in the case of Kun Motor Company Private. Ltd. v. ACCT, 2020 (2) TMI-364-Madras HC.FactsIn this case, the taxpayer was a car dealer who received...
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