GST: GST on slump sale: An intricacy to look upon Setting up a business undertaking has been a tough row to hoe as it involves multiple compliances and formalities to be undertaken with regard toincorporation and taxation. However, sometimes despite ample efforts, business undertakings may not meet its growth expectations. Govt. releases operational guidelines for the...
"Quvisor’s weekly refresher on Legal updates in India: June 5, 2021"Continue reading
GST: GST exemption on vaccines – Relieving the burden or aggravating it?India is grappling with the secondwave of the COVID-19 pandemic. The vicious wave of the deadly virus has impaired the public health system leading to a shortage of oxygen, hospital beds, medicines and other significant resources. Liaison office of Dubai Chamber of Commerce in...
"Quvisor’s weekly refresher on Legal updates in India: May 28, 2021"Continue reading
GST: Notifications levying IGST on importer on component of Ocean Freight paid by foreign seller unconstitutional – Guj. HCGST : No tax is leviable under Integrated Goods and Services Tax Act, 2017, on ocean freight for services provided by a person located in a non-taxable territory by way of transportation of goods by a vessel...
GST: No GST on providing goods transportation vehicle on hire by one GTA to another GTAIt is found that services provided as a GTA are different from services provided by way of giving vehicles on hire basis to another GTA and hence are independent of each other so far as tax treatment is concerned. Further...
"Quvisor’s weekly refresher on Legal updates in India : Jan 16, 2020"Continue reading
GST: CBIC extended rectification facility to shipping bills filed upto November 15, 2018 The IGST refunds of exporters were struck due to mis-match errors between the Shipping bills and GSTR-1, i.e., SB005 error. Earlier, the rectification was allowed to shipping bills filed upto June 30, 2018. The CBIC has further extended the rectification facility to...
