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Amendment in Legal Metrology (Packaged Commodities) Rules, 2011 w.e.f. April 1, 2022
The Legal Metrology (Packaged Commodities) Rules, 2011 (‘LMPC Rules’) provides various declarations to be made on retail and wholesale packages. Recently, Ministry of Consumer Affairs, Food and Public Distribution (Department of Consumer Affairs) vide Notification No....
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...
Notifications and Circulars issued pursuant to changes proposed in 45th GST Council Meeting
We shared booklet ‘NITYA Insight | Issue 236 | Changes proposed in 45th GST Council Meeting’ containing our insight on various recommendations of GST Council. Recently Government issued various Notification and Circulars pursuant to changes proposed in 45th GST...
The Building and Other Construction Workers Welfare Cess Act 1996
Over the last few years, the Government has been quite proactive in protecting the inherent risk to the life and limb of the workers engaged in the building and other construction works. In this context, the Parliament had enacted the legislation namely the Building...
Recent Article
Levy of Ocean Freight under GST: Not all is well, even if it ends well!
In a landmark move, the Supreme Court in the case of UOI v. Mohit Minerals Private Limited, 2022- VIL-30-SC, upheld the judgment of the Gujarat High Court in the case of Mohit Minerals Private Limited v. UOI, 2020-VIL-36-GUJ, striking down the levy of GST on Ocean Freight. The ruling, being first of its...
Indirect Tax Bulletins
NITYA | Indirect Tax Bulletin | May 2022 | Week 3 – Special Edition
In view of pronouncement of two landmark Supreme Court rulings in last week, we are sharing a Special Edition of our Weekly Bulletin. In this Special Edition of Weekly Bulletin, we have captured following: Rulings Levy of GST on Ocean Freight service in CIF contracts...
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
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...
NITYA | Indirect Tax Bulletin | April 2022 | Week 5
In this Weekly Bulletin, we have captured following: Rulings Cash refund in case of failure to file TRAN-1 due to fire accident in factory Refund of ITC to SEZ Unit Taxability of incentives received from OEM when purchase made from Distributor Article Outright...
Latest News
Levy of Ocean Freight under GST: Not all is well, even if it ends well!
In a landmark move, the Supreme Court in the case of UOI v. Mohit Minerals Private Limited, 2022- VIL-30-SC, upheld the judgment of the Gujarat High Court in the case of Mohit Minerals Private Limited v. UOI, 2020-VIL-36-GUJ, striking down the levy of GST on Ocean...
NITYA | Indirect Tax Bulletin | May 2022 | Week 3 – Special Edition
In view of pronouncement of two landmark Supreme Court rulings in last week, we are sharing a Special Edition of our Weekly Bulletin. In this Special Edition of Weekly Bulletin, we have captured following: Rulings Levy of GST on Ocean Freight service in CIF contracts...
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...
Short payment of IGST on imports – Customary to recover, but why dispute Credit eligibility?
Over a period of time, recovery of differential duty (post clearance of imports) has become a common practice of the department. Typically, the taxpayer pays such differential duty and claims the credit of additional IGST. The GST department has recently begun issuing...
Non-reflection of all invoices in GSTR-2B of April 2022 due to technical glitch on GST Portal
This Outlook intends to update you regarding non-reflection of all invoices in GSTR-2B of April 2022 due to technical glitch on GST Portal: e.f. January 1, 2022, reflection of invoices in GSTR-2B is a mandatory condition to avail ITC. Taxpayers can avail ITC in a...
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
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
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...
NITYA | Indirect Tax Bulletin | April 2022 | Week 5
In this Weekly Bulletin, we have captured following: Rulings Cash refund in case of failure to file TRAN-1 due to fire accident in factory Refund of ITC to SEZ Unit Taxability of incentives received from OEM when purchase made from Distributor Article Outright...
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