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

Legal Update -June 2022

  • Category: Latest updates
  • Date: 01-08-2022

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

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

Pre-packaged and labelled items taxable from today – Answers to your 40 important questions

  • Category: Latest updates
  • Date: 19-07-2022
  • Writers: CA Ashish Chaudhary, CA Bhavesh Mittal



Legal Updates-April 2022

  • Category: Latest updates
  • Date: 12-05-2022

Legal Updates-March-2022

  • Category: Latest updates
  • Date: 12-05-2022

Permitting the distribution or exhibition of films, recordings or programmes through licensing arrangements – proposed increase in rate to 18%

  • Category: Latest updates
  • Date: 28-09-2021
  • Writer: Shilpi Jain

Whenever any amendment is proposed at the GST Council Meetings, it has a history to it, which when understood makes the intention clearer. In this article we would be trying to understand the proposed increase in the rate of GST to 18% in relation to the licensing services to broadcast and show original films, sound recordings, radio and television programmes.

The Indian GST law has a lot of complications due to our federal structure, like requirement of identifying the State to which the...

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