by Rein Heads | Nov 2, 2023
Dear All, The Central Board of Indirect taxes and Customs (‘CBIC’) has issued Circulars 202/14/2023 to 204/16/2023 dated 27 October 2023 to clarify certain important issues under GST. The key aspects clarified in the said Circulars are summarized hereinbelow: Circular... Read More
by Rein Heads | Oct 27, 2023
Dear All, The Goods and Services Tax Council (‘the GST Council’) in its 52nd council meeting held on 7 October 2023 recommended certain amendments in the GST legislation with respect to valuation of the corporate guarantee provided to banking and financial... Read More
by Rein Heads | Sep 23, 2023
Withdrawal of GST Applicability under RCM on Importer for specified International Transportation Services Dear All, As per the Notification Number 10/2017- Integrated Tax (Rate) dated 28 June 2017, the transactions entailing international goods transportation services... Read More
by Rein Heads | Sep 14, 2023
AAR Karnataka – ITC Eligibility on Goods given as Incentives to Dealers Facts The Applicant is registered under GST in the State of Karnataka and engaged in the manufacturing of cement The Applicant is offering various target/ performance-based sale promotion... Read More
by Rein Heads | Sep 1, 2023
Patna High Court: Buyer cannot claim ITC if Supplier fails to remit GST to the Government Facts The Petitioner (‘the Buyer) procured goods from a supplier and paid the total amount of the invoice including GST through bank account The supplier collected the GST from... Read More