How to safeguard against the provision under GST restricting claim of ITC if supplier not filed return on time effective from 1st January, 2022
Background: The new year 2022 is going to bring a significant change in the manner of availing Input Tax…
-
-
Clarifications on certain GST Refund related issues through circular dated 17th Nov. 2021
Clarification on certain GST Refund related issues The CBIC vide Circular No. 166/21/2021-GST dated November 17, 2021, issued…
-
GST Rates change applicable to textile and footwear industries effective from 1st January 2022
Changes in GST Rates – Textile and Footwear Industries from 1st January 2022 The GST Council’s 45th meeting was…
-
Summary of recommendations of 45th GST Council Meeting held on 17-09-2021
Recommendations of 45th GST Council Meeting held on 17-09-2021 at Lucknow CLARIFICATIONS RELATED TO GST RATE ON CERTAIN…
-
Government announced Remission of Duties and Taxes on Exported Products (RoDTEP) export promotion scheme for exporters
Government has announced a Rs 12,400 crore outlay for the Remission of Duties and Taxes on Exported Products…
-
Summary of draft rules/regulations published by RBI for public comments related to overseas investments from India
Overseas Investments and acquisition of immovable properties outside India by persons resident in India is presently governed by…
-
Blocking of E-way bill generation to start again from 15th August if returns not filed for more than two months
The Central Board of Indirect Taxes and Customs ( CBIC ) will resume the blocking of EWB generation…
-
Note on restrictions imposed by Finance Act, 2021 pertaining to utilization of corpus donation by Charitable & Religious Trust
Finance Act 2021 has brought out an important amendment with regards to Charitable & Religious Trust wherein corpus…
-
Madras High Court ruled that interest is not payable on ITC reversed/tax paid through utilization of ITC as per electronic credit ledger
In a writ petition (no. 6631 of 2021) filed by the petitioner M/s. F1 Auto Components Private Limited…
