The Government has issued Circular No. 92/11/2019-GST dated 7 March 2019 where certain aspects with respect to treatment of various sales promotion schemes, their impact on taxable value and input tax credits (ITC) have been clarified. A synopsis of the various cases discussed in the Circular is provided below. Cases discussed in the Circular Clarifications […]
The Goods and Services Tax (‘GST’) Council in its 26th meeting held today, deliberated on various issues which amidst other things included rolling out of E way bill mechanism, suspension of reverse charge mechanism and granting relief to exporters.
