by ReinHeads Team | Sep 29, 2020
Madras High Court Ruling* – Refund of unutilised credit of Input Goods in case of Inverted Duty Structure Facts The Petitioners are contractors engaged in different businesses. They claimed to face the situation of inverted duty structure i.e. rate of tax on input... Read More
by ReinHeads Team | Sep 26, 2020
AAR Karnataka* – Inclusion of Property tax in the Rental Value for levy of GST Facts Midcon Polymers Pvt Ltd (‘the Applicant’) proposed to engage in the business of renting of commercial property and allied business The Applicant intends to rent its commercial... Read More
by ReinHeads Team | Sep 22, 2020
Dear All, This is to update you that Goods and Services Tax Network (‘GSTN’) has recently issued updated Frequently Asked Questions dated 14 September 2020 (‘FAQs’) clarifying important aspects in relation to the E-invoice system under the GST regime. We have... Read More
by ReinHeads Team | Sep 19, 2020
Dear All, The CBIC India had released a Press Release dated 26 August 2020 (‘the Press Release’) on its Twitter account (CBIC_India) whereby it was clarified that the date notified vide the Notification No. 63/2020 – Central Tax dated 25 August 2020 for levy of... Read More
by ReinHeads Team | Sep 15, 2020
AAR Maharashtra* – ITC eligibility on Transportation Facility to Employees Facts Tata Motors Limited (‘the Applicant’) is engaged in manufacturing commercial and passenger vehicles The Applicant has engaged a Service Provider (‘the SP’) to provide transportation... Read More