Blogs

PREFACE 

The transactions in the real estate sector have their own peculiarities and thereby one has always felt the need for having a separate set of provisions that would be more specific to this sector rather than the general provisions that would be applicable to any other sector. This need was felt right from the sales tax ( later VAT) as well as in service tax regime.  
However, with the series of changes that have been made effective from 1st April, 2019 it can be seen that the...

The days of Central Excise Duty (ED) are over[1], a cool and exquisite tax it was. Make no mistake about it, half of the Goods and Service Legislation’s learnings are down to the Central Excise Act, 1944 and its sub-ordinate rules. Revenue’s audits and investigations would be more of a dead letter, for the better part the maximum period of inventing new avenues of generating demands (outta nowhere) expires on 10^th July 2022. Some things never changes though, DG-CEI (now known by its...

The transactions in the real estate sector have their own peculiarities and thereby one has always felt the need for having a separate set of provisions that would be more specific to this sector rather than the general provisions that would be applicable to any other sector. This need was felt right from the sales tax ( later VAT) as well as in service tax regime. 

However, with the series of changes that have been made effective from 1^st April, 2019 it can be seen that the step in...

ORIGIN:

The OEMs manufacture vehicles out of the parts and components (P&C) procured from various suppliers. The P&Cs are customized for every item, such that they require customized Tools and Dies (T&Ds). The building up process of making T&Ds starts with goal setting, it requires Designs, Drawings and Specifications (DDSs) (in paper form or CAD/ CAM), and finally the T&Ds are made through CNCs.

In their investigation and show cause notices (SCNs), the DGCEI (now DG-GSTI) have...