Goods & Services Tax

Preamble:  Ever since GST was implemented, the issues in relation to liquidated damages and services in relation (an act of tolerance) has been vexating. This is more so as in the case of earlier legacy laws. The liability of indirect taxes was either on manufacturer for clearance in the case…

The 47th GST Council meeting was conducted on the 28th and 29th of June, 2022 at Chandigarh under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. The Council recommended, among other matters, removal of certain exemptions, Change in tax rates and inclusion of certain goods…

M/s Munjal Maneesh Bhatt v. UOI May 7, 2022 FACTS OF THE CASE: The applicant is a practicing advocate in the Gujarat High Court. The applicant entered into an agreement dated 29th September 2020 with the Navratna Organisers & Developers Pvt. Ltd., (herein referred to as the Developers or the…

TELANGANA STATE ONE TIME SETTLEMENT SCHEME May 10, 2022 INTRODUCTION The Revenue Department of Government Of Telangana has rolled out the “Telangana State One Time Settlement scheme 2022” vide Letter bearing number G. O. Ms. No. 45 dated: 09-05-2022. As reported by the Commissioner of Commercial Taxes, the arrear amount…

A RESOUNDING NO TO DOUBLE TAXATION – A MILESTONE JUDGEMENT Union Of India v. M/s Mohit Minerals Pvt. Ltd. May 19, 2022 PREAMBLE There are times when a Judgement delivered is so resounding and emphatic that it puts a pause in ones thinking. The order Passed by the Hon’ble Supreme…

Introduction The Goods and Service Tax (GST) was and is a transformation change implemented in July 2017 with an aim to subsume various taxes and allow a seamless flow of credit. Doing away with various points of taxation, GST introduced the simple “Supply” as a concept to trigger the taxation.…

Restaurant Services through E-com from 01.01.2022 CHALLENGES FOR FOOD AGGREGATORS AND RESTAURANTS. VARIOUS SCENARIOS THAT MAY BE DISRUPTED WITH THE PROPOSED CHANGES WITH EFFECT FROM 01.01.2022 ON E-COM OPERATERS WHO SUPPLY FOOD FROM RESTAURANTS We are delighted to share as part of our endeavour, note setting out the impact of…

Introduction Government has issued 2 notifications on 21.12.2021, namely Notification 38/2021-Central Tax dated 21.12.2021 and Notification 39/2021-Central Tax dated 21.12.2021 appointing 01.01.2022 as the dated on which certain rules of the Central Goods and Services Tax (Eighth Amendment) Rules, 2021 and certain sections of Finance Act, 2021 would come into…