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

  • Category: Latest 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

Legal Update -June 2022

  • Category: Latest 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: Latest 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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ITC refund under inverted rate structure –retrospective application

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

GST rate increase for Government projects (works contracts) – impact & way forward

  • Category: Latest updates
  • Date: 21-07-2022
  • Writer: CA Venkata Prasad

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  • Category: Others
  • Date: 21-07-2022
  • Writer: Admin

GST rate increase for Government projects (works contracts) – impact & way forward:

  • CA. Venkat Prasad. P

Introduction & Background:

Construction industry plays an important role in the development of any country. It is a large sector of Economy of about Rs. 37 lakh crores (as per national accounts statistics, 2019-20). The construction industry in India consists of the Real estate as well as the infrastructure development segment. The Real estate segment consists of...

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