Goods & Services Tax

VARIOUS SCENARIOS THAT MAY BE DISRUPTED WITH THE PROPOSED CHANGES WITH EFFECT FROM 01.01.2022 ON FOOD AGGREGATORS. We are delighted to share as part of our endeavour to share the impact (for the notification to implement the change is yet to be notified) on the probable impact that is bound…

GST was implemented on 1 July 2017 and has been undergoing constant changes. The authorities are constantly striving to simply the law to enable ease of doing business in India and to clarify any ambiguity that pertains in the legislations. The GST council recently held a meeting on 17th September…

BACKGROUND The issue of “intermediary” in GST has been quite vexating for the last few years. While by and large the Service tax provisions were brought into the GST ecosystem, the Revenue authorities sought to issue Show Cause notices and challenge the position of an export as that of an…

BACKGROUND Inverted duty structure refers to a situation where a registered person procures Inputs and Input services at a higher tax rate and undertakes outward supply of the same at a lower tax rate which leads to accumulation of unutilized credit in their electronic credit ledger. The matter that is…

PREAMBLE The explosion of use of technology in India has led to a massive spike in the trade that is conducted in the E-Com platform. Also, with the ever increasing Fin-Tech and Med-Tech space offering various hybrid models of doing business in that space, the usage of e-vouchers have gained…

BRIEF FACTS OF THE CASE The Petitioner of the case is the proprietor of M/s. Dynatex International which is registered under the CGST Act which has its registered office at Andheri (West), Mumbai. They are a service provider supplying marketing and promotion services, to solicit Purchase orders in India, to…

Preamble ­Goods and Service Tax is considered as reform in the history of indirect taxes in the country as it aimed at subsuming a range of Indirect taxes at both central and state level. The GST Act was implemented in July 2017 with an aim to not just subsume the…

What is E-commerce? As per Section 2(44) of the CGST Act, 2017, electronic Commerce means the supply of goods or services or both, including digital products over digital or electronic network. From the definition, E commerce means the supply of goods or services or both over digital or electronic network…

This note briefly sets out the impact of delay in forex remittance against Export of Goods on account of changes made to section 16 of IGST Act, 2017 FINANCE BILL, 2021 Clause 114 of Finance Bill, 2021 seeks to insert a proviso to subsection (3) of section 16 of IGST…