Analysis of guidelines issued by CBIC in relation to Arrest and issuance of summons

  • Category: GST Updates
  • Date: 03-09-2022
  • Writer: CA Sonali Porwal

Legal Updates July 2022

  • Category: GST Updates
  • Date: 30-08-2022
  • Writer: H&A Team

H&A_Summary of GST Circulars 177 to 179 issued on 3rd August-2022

  • Category: GST Updates
  • Date: 05-08-2022
  • Writer: H&A Team

GST on Pre-Packaged Food Items – What happens when they are Exported?

  • Category: GST
  • Date: 03-08-2022
  • Writers: CA Ramya C, CA Venkatanarayana G M

Fake invoicing under the GST- a bigger challenge ahead

  • Category: GST Updates
  • Date: 02-08-2022
  • Writer: CA Anil Kumar Bezwada

GST has completed 5 years now. Issuance and circulation of fake invoices among companies without actual supply of goods and irregular transfer of input credit to originating companies for payment of GST is contemporary & burning issue. One of key challenges in GST is devising a mechanism to identify & curb issuers of fake invoices at the time of GST Registration itself. Huge amount of public money misappropriated under this scam every year. I am sure it will not be possible for the...

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Legal Update -June 2022

  • Category: GST Updates
  • Date: 01-08-2022

40 PRACTICAL FAQ’s ON CHANGES IMPACTING HEALTHCARE SECTOR

  • Category: Others
  • Date: 25-07-2022
  • Writers: Adv. Lavanya P.R, CA Vikram Katariya

Computation of Interest on Delayed Payment Tax

  • Category: GST
  • Date: 23-07-2022
  • Writer: CA Vasant K. Bhat

Supply of Duty CREDIT Scrips – Impact on Input Tax CREDIT

  • Category: GST
  • Date: 22-07-2022
  • Writer: CA Rajesh Maddi

Introduction:

Duty Credit Scrip (DCS) is an incentive scheme which is an export promotion benefit offered by the Government of India under the Foreign Trade Policy (FTP) 2015. Under the FTP 2015-20, MEIS/SEIS/RoDTEP Schemes intends to incentivise exports of goods manufactured in India or produced in India or exported from India. The duty credit scrips can be utilised to pay customs duties on import of inputs or goods, safeguard duty, anti-dumping duty and any other customs duty under...

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ITC refund under inverted rate structure –retrospective application

  • Category: GST Updates
  • Date: 22-07-2022
  • Writers: CA Ashish Chaudhary, Pooja Jajwani

Introduction

Inverted duty structure refund has been subject matter of numerous interpretational issues since introduction of this concept in GST law. The Council in its 47th Meeting tweaked the formula for claiming refund. In this article, an attempt has been made to analyse the application of the amendments made in the [1] formulae prescribed for the calculation of refund of unutilized ITC accumulated due to an inverted rate structure and [2] the impact of the withdrawal of the refund...

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