AAR Update | Allocation of expenses by Head Office as supply In reference to our trailing update on the referred issue, we wish to update you that the Government has issued Notification No. 08/2019-Customs dated March 25, 2019 amending relevant Customs Notifications....
Judgment Update – Applicability of interest on differential excise duty paid due to retrospective increase in price of goods This is to apprise you regarding a controversy on applicability of interest on differential excise duty paid due to retrospective...
Fiscal incentives granted by various State Governments Due to the federal governing structure in India, the State Governments (in addition to the Central Government) continue to scale up the level of industrialization in their region. To attain this objective, the...
34th GST Council Meeting dated March 19, 2019 The GST Council in its 34th Meeting held on March 19, 2019, discussed the modus operandi for implementation of lower GST rate of 1 percent on Affordable houses and 5 percent on houses other than Affordable houses (‘Other...
GST liability under reverse charge on services received from Government Taxpayers routinely pay various amounts to Government in form of taxes, cesses, fees etc. Some of the taxpayers are not aware of the fact that services received from Government are covered under...
No need to debit Social Welfare Surcharge (‘SWS’) where customs duties are paid through scrips Education Cess (‘EC’) and Senior and Higher Education Cess (‘SHEC’) were levied on all imported goods as a duty of customs till it was abolished vide Finance Act, 2018....
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