Demurrage charges not includible in customs valuation This is to apprise you regarding controversy on inclusion of demurrage charges in the assessable value of imported goods under the Customs Act, 1962 (‘Customs Act’). An importer of goods pays demurrage charges on...
Input tax credit in respect of goods transportation services for export goods This is to apprise you regarding a recent Input Tax Credit (‘ITC’) issue that has arisen in respect of goods transportation services for export goods post amendment in the Integrated Goods...
AAR Update | Allocation of expenses by Head Office as supply This is to apprise you regarding the recent Maharashtra Advance Ruling in the case of Cummins India Limited, 2019-VIL-62-AAR. In this case, the Authority for Advance Ruling (‘AAR’) inter-alia held that the...
Recent Changes in Real Estate Sector under GST The Government vide various Notifications dated March 29, 2019, has implemented lower GST rates in the real estate sector for ongoing and new projects. These were decided in 33rd and 34th GST Council Meetings.To Read...
Key year end To dos This update intends to apprise taxpayers about the key year end activities to be undertaken by March 31, 2019 or on April 1, 2019 to ensure due compliance with the GST law. The following points may be kept in mind by taxpayers:Sl. No.Nature of...
Legal Precedents’ Series_Issue 6 (Writs, NAA and AAR) Please find attached Issue 6 of ‘NITYA’s Insight-Legal Precedents’ Series’ (Writs, NAA and AAR) covering the period of February, 2019 for your kind perusal.NITYA’s Insight Legal Precedents’...
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