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Jul 152 min read
CBIC Guidelines for the Recovery of Outstanding Dues
CBIC clarifies due recovery processes until the Appellate Tribunal is operational.
Jul 31, 20233 min read
Clarification on Charging of Interest for Wrong Availment of IGST Credit
Introduction: The Indian Goods and Services Tax ( ‘GST’ ) system, established in 2017, has witnessed continuous refinement and...
Jul 28, 20232 min read
CBIC Guidelines for Dealing with Input Tax Credit Discrepancies
The Central Board of Indirect Taxes and Customs ( ‘CBIC’ ) has recently issued a significant circular numbered 193/05/2023-GST on July...
Jul 28, 20233 min read
Government Circular Clarifies TCS Liability for Multiple E-Commerce Operators
The Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (‘CBIC’) has issued Circular No. 194/06/2023...
Jul 27, 20233 min read
Clarification on Taxability of Shares held in a Subsidiary Company by the Holding Company
Introduction The taxability of shares held in a subsidiary company by a holding company has been a matter of concern, previously falling...
Jul 26, 20234 min read
CBIC clarifies Refund Issues under the provisions of GST
The Central Board of Indirect Taxes and Customs (‘CBIC’) has recently issued circular No. 197/09/2023 – GST (’circular’) to provide...
Jul 22, 20234 min read
Clarification on Taxability of Services between Distinct Offices under GST
To address the ambiguity regarding the taxability of services provided by one office of an organization in one state to another office in...
Jul 22, 20232 min read
CBIC CIRCULAR ON APPLICABILITY OF E-INVOICES FOR SUPPLIES TO GOVERNMENT DEPARTMENTS
The Central Board of Indirect Taxes and Customs ( ‘CBIC’ ) has recently released a circular (Circular No. 198/10/2023-GST dated...