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The Indian textile industry, known for its diversity and scale, regularly deals with goods returns—a routine yet critical aspect of its supply chain operations. Whether it involves fashion retailers managing seasonal inventory or manufacturers addressing product defects, the return of goods is integral to textile trade dynamics. However, under India's Goods and Services Tax (GST) regime, such returns introduce a layer of complexity that often leads to compliance pitfalls.

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Article published at ----à https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=13920

SCOMET stands for Special Chemicals, Organisms, Materials, Equipment, and Technologies. These are dual-use items, meaning they can be used for both civilian and military applications. For instance, a drone can be used for aerial photography (civilian) or surveillance (military). Given the sensitive nature of these items, their export is regulated by the DGFT, and exporters...

As per Section 2(61) of the CGST Act,2017 “Input Service Distributor” means an office of the supplier of goods or services or both which receives tax invoices towards the receipt of input services, including invoices in respect of services liable to tax under sub-section (3) or sub-section (4) of section 9, for or on behalf of distinct persons referred to in section 25, and liable to distribute the input tax credit in respect of such invoices in the manner provided in section 20.

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