Please click on the below link to NITYA | Indirect Tax Bulletin | December 2022 | Week 3 (Legal Precedents, Other Updates, Articles, Short Videos and Recent News) covering all recent updates.

NITYA I Indirect Tax Bulletin I December 2022 I Week 3

In this Weekly Bulletin, we have captured following:

Rulings

• Availability of ITC when value of supply not paid by recipient to supplier
• Retrospective applicability of Circular
• GST applicability on lease-purchase agreements where goods located outside India
• Taxability of works contract services executed outside India
• Duty paid during investigation not treated as payment under protest

Articles

• Transitional Credits – Not Everyone Can Knock Your Door by our Partner, Dharnendra Kumar Rana and Associate, Mr. Rahul Sharma