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BCD rate on goods suitable for use in motor vehicles

Several auto OEMs and part manufacturers are dealing with classification disputes vis-à-vis parts and accessories of motor vehicles. For imported goods, there is a customs duty arbitrage under Heading 8708 / 8714 covering parts and accessories of motor vehicles versus...

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NITYA | Indirect Tax Bulletin | May 2022 | Week 2

NITYA | Indirect Tax Bulletin | May 2022 | Week 2

In this Weekly Bulletin, we have captured following: Rulings Claim of GST paid by ITC utilisation under reimbursement policy of Western Railways Levy of GST on electricity charges recovered by lessor Refund of Education Cess and Secondary and Higher Education Cess...

NITYA | Indirect Tax Bulletin | May 2022 | Week 1

NITYA | Indirect Tax Bulletin | May 2022 | Week 1

In this Weekly Bulletin, we have captured following: Rulings Incorrect vehicle type mentioned in E-way Bill Deeming fiction to determine value of land for construction services Taxability of marketing services as Intermediary Refund of Service Tax where GST also...

Inverted duty structure – A turmoil for Traders

Inverted duty structure – A turmoil for Traders

GST law was introduced with the objective of eliminating cascading effects and having seamless flow of credit throughout supply chain. On the contrary, inverted duty structure divulges a situation when tax on inputs is higher than that on output leading to...

Nature of GST payable on Intermediary service

Nature of GST payable on Intermediary service

This update intends to discuss vexed issue of nature of GST on Intermediary services viz. IGST or CGST and SGST for services provided to overseas clients. Under the Integrated Goods and Services Tax Act, 2017 (‘IGST Act’), Intermediary is a person who arranges or...

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