THE penal provisions contained in the GST law have undergone a sea change with effect from January 1, 2021 with the implementation of the.Read More

AS TIOL readers know, the concept of seamless flow of input tax credit is one of the primary objectives behind the introduction of the.Read More

AS TIOL readers are well aware, several major changes have been brought about in the GST Rules, in terms of the Notifications Nos 92, 93 and 94, issued.Read More

Time limit for availing ITC - s.16(4) amendment needs to be notified - By S Sivakumar, B.Sc., LL.B., FCA, FCS, ACSI, Advocate –.Read More

ONE of the most confusing issues in the GST law, relates to the availability of input tax credit ('ITC') on the sale promotion schemes.Read More

IN what could be termed as a shocker, the Karnataka Authority for Advance Rulings ('AAR') has, in its ruling dated October 8, 2020, in.Read More

IT is festival season now…Navratri has just got over and we are waiting to celebrate the Diwali and Dhanteras. Though, we don't have a.Read More

IN a development that is likely to increase litigation, the CBIC has without much fanfare issued Notification No. 79/2020-Central Tax dated 15th October 2020, amending Rule.Read More

GIVEN the prevailing Covid situation, many suppliers/taxable persons are facing huge delays in realising their dues from their customers including large corporates. In many.Read More

By S Sivakumar, LL.B., FCA, FCS, ACSI, Advocate MUCH has been discussed and written, on the implications arising out of Clauses (c) and (d).Read More