GST

Uplifting of Prohibition on Oxygen Concentrator imported as gift– Amendment in Foreign Trade Policy 2015-2020
Articles GST

Uplifting of Prohibition on Oxygen Concentrator imported as gift– Amendment in Foreign Trade Policy 2015-2020

Existing Foreign Trade Policy (FTP): The Existing Foreign Trade Policy (2.25 of FTP, 2015-2020) was as follows: “Import of goods, including those purchased from e-commerce portals, through post or courier...

With the outbreak of Covid-19, CBIC has extended certain due dates on 01.05.2021
Articles GST

With the outbreak of Covid-19, CBIC has extended certain due dates on 01.05.2021

With the outbreak of Covid-19, CBIC has extended certain due dates on 01.05.2021 Rule 36(4) – Adjustment of ITC shall be done cumulatively for April 2021 and May 2021, in the GST return of May 2021. The prov...

Whether supply of food from a different section of business could be considered as supply of goods, hence eligible for ITC? AAR
Articles GST

Whether supply of food from a different section of business could be considered as supply of goods, hence eligible for ITC? AAR

Facts of the Case: The applicant is into business of following supplies from a single business premises but having two difference independent sections: Sale of sweetmeats, namkeens and bakery items from t...

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Articles GST

Significant updates which would impact the Industry from April 1, 2021

Mentioning HSN code in Invoice now mandatory With effect from 01st April, 2021 taxpayers are required to mandatorily declare HSN codes in Tax Invoices.Taxpayers having aggregate turnover up to INR 5 crores i...

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Articles GST

PLI scheme for Telecom Sector gets Government’s approval

The Government in November 2020 had announced to introduce Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atman...

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Articles GST

Importer-Exporter Code (IEC)

The Director-General of Foreign Trade (DGFT), vide a notification dated 12th February 2021 has made amendment to Importer Exporter Code (IEC) related provision under Chapter-1 and Chapter-2 of Foreign Trade Pol...

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Articles GST

Applicability of GST on Salary paid to Director of Company

Brief Facts of the case: The appellant, M/s Clay Craft (India) Pvt. Ltd. are engaged in the manufacture of Crockery, Utensil items and moulds.Company’s Board of Directors consists of 6 directors performing a...

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Articles GST

GST is applicable on Notice Pay Recovery from Employees

Brief Facts of the case: The applicant is a 100% Export Oriented Unit engaged in Manufacturing of pharmaceutical products.At the time of appointing an employee, they enter into a contract with the employee b...

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Articles GST

Online filing of application for Un-blocking E-Way generation facility

Now online application can be filed for un-blocking E-way bills (EWB) generation facility! A new facility has now been provided to taxpayers to file an online application for unblocking EWB generation facili...

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Articles GST

Blocking of E-Way generation facility after 1 December, 2020

Blocking of E-way bills (EWB) generation facility: Irrespective of aggregate annual turnover of taxpayers, there will be restriction on generation of EWB in case of: Non-filing of two or more return in FO...