by Rein Heads | Jul 18, 2023
Issuance of GST Circulars post Recommendations of the 50th GST Council Meeting The Central Board of Indirect Taxes and Customs (‘the CBIC’) has issued Circulars No. 192/04/2023-GST to 199/11/2023-GST dated 17 July 2023 (‘the Circulars’) for providing clarifications on... Read More
by Rein Heads | Jul 14, 2023
AAAR Maharashtra – Taxability of Incentive on Achieving Target Sales Facts The Appellant operates as a reseller of Intel products purchased from various distributors of Intel US in India The Appellant entered into an agreement with Intel US wherein it was entitled... Read More
by Rein Heads | Jul 12, 2023
Recommendations of 50th GST Council Meeting Dear All, The Goods and Services Tax (‘GST’) Council in its 50th Meeting held on 11th July 2023 has made certain recommendations with respect to changes relating to GST rates, measures for facilitation of trade and... Read More
by Rein Heads | Jun 23, 2023
AAAR Maharashtra – Taxability and Valuation of Transactions between Branches Facts The Appellant is located in Maharashtra and leasing equipments it to its other branches/ units across different States. Under this model, the Appellant would be sending equipment... Read More
by Rein Heads | May 23, 2023
Sales Tax Applicable on Issuance of Credit Note for In-warranty Replacement Facts The Hon’ble Supreme Court in the case of Mohd. Ekram Khan (2004) held that Sales Tax is applicable on credit note issued by a manufacturer to a dealer for replacement of a defective... Read More