Understand the ambiguity of claiming Input Tax Credit (ITC) on motor vehicles imported for R&D purposes under GST. Learn about legislative intent, challenges faced by businesses, and proposed solutions. Find clarity and ease the burden on R&D-driven companies.
Goods and Services Tax (GST) system has revolutionized the indirect taxation landscape in India. However, navigating the complexities of GST can be challenging for businesses, especially when it comes to concepts like Input Service Distributor (ISD) and Cross Charge.
Recent notices by DGGI to several insurance companies highlights ongoing dispute regarding the availing of GST input tax credit.
Learn about the Production Linked Incentive (PLI) 2.0 Scheme for IT Hardware launched by the Indian government. Discover its objectives, target segments, eligibility criteria, scheme tenure, and benefits for domestic manufacturers. Stay informed about the initiative driving India’s aim to become a global hub for IT hardware production.
With the increasing use of electrical and electronic equipment (EEE), the proper management of electronic waste (e-waste) has become a pressing concern. In response to this challenge, the Ministry of Environment, Forest, and Climate Change (MoEF&CC) in India has introduced the E-Waste (Management) Rules, 2022.
Explore the legal implications of the recent AAR Locus Standi dispute – Anmol Industries Ltd’s victory in the Calcutta High Court sets a precedent for applicants, emphasizing the need for a thorough understanding of GST laws. Uncover the case details, arguments, and the potential rise in litigation following this significant ruling.
1. GST law provides for the refund of IGST paid on export of services on realization of payment. The same shall be done by filing of Form-RFD-01 online on the GST portal of the claimant within the prescribed period of 2 years from the relevant date. 2. Relevant date in such case will be calculated […]
41st GST Council meeting was held with the sole object of resolving the issue of lack of funds to compensate the states, which was initially promised to the States at the time of introduction of Goods and Service Tax Act.
