Recent Circular | Clarifications on 20% restriction on ITC availment under Rule 36(4) of the CGST Rules, 2017 The Central Board of Indirect Taxes and Customs (‘CBIC’) has recently issued Circular No. 123/42/2019-GST dated November 11, 2019 (‘Circular’) clarifying...
Judgement Update | Drawback cannot be demanded in the absence of machinery provisions and powers under the Drawback Rules This update is to apprise you about the recent decision of the Punjab & Haryana High Court in the case of Jairath International and another v....
A retrospective amendment under GST law – A dead claim of interest, coming alive? One of the most significant issues surfacing in the GST law is the lack of consensus between the Legislature and the Government in implementing the same. Resultantly, the colossal gap...
New restrictions to avail Input Tax Credit – Practical challenges to follow! The Central Government has recently introduced a restriction vide Rule 36(4) of the CGST Rules. This Rule provides that before availing input tax credit (ITC), one needs to ensure that...
Document Identification Number (DIN) on all communications issued by GST and Customs authorities The Central Board of Indirect Taxes and Customs (‘CBIC’) has recently issued Circular No. 122/41/2019-GST dated November 5, 2019 and Circular No.37/2019-Cus dated November...
AAR Update | Classification of service of transportation of employees through buses and cabs This is to apprise you on the recent Karnataka Authority for Advance Ruling (‘AAR’) in the case of Sharma Transports, 2019-VIL-360-AAR. In this case, the Applicant was...
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