E-way bill system – Time to relax penal provisions By Nipun Arora It has been more than a year since India made the historic transition from the traditional indirect taxation regime an all-new integr

CBIC has recently clarified certain issues involving job work including the issue relating to tax implications on free of cost (FOC) supplies of moulds and the need for reversal of input tax credit (ITC) in such cases.

GST and amortization – An unceasing connection By Brijesh Kothary and Nikhil Agarwal CBIC has recently clarified certain issues involving job work includin

Advance Rulings under GST – Certain questions of law By Dr. G. Gokul Kishore GST made its entry in July, 2017. To facilitate trade on issues relating to liability or credit or cla

It is important to decide whether supplies are to be treated as intra-State supplies or inter-State supplies for payment of correct type of tax.

Job workers use moulds and dies provided to them by their principals. Whether amortised value of such moulds should be included by job workers in the job charges for discharging GST? The authors have attempted to answer this question in the light of recent clarification by the department.

Amendments in the Legal Metrology (Packaged Commodities) Rules, 2011 which govern the pre-packed commodities, have come into effect from 1-1-2018.

Parties to contract generally incorporate their expectation in terms of damage caused by failure of either party to perform its obligations completely or as per the agreed terms.

Vouchers are instruments which are redeemable on its face value against supply of goods or services. Though legislature has sought to tax vouchers under the GST regime, there are unresolved problems which may lead to controversy in the near future.

Section 54(3) of the Central Goods and Services Tax Act, 2017 (‘the CGST Act’), provides for refund of any unutilised input tax credit (ITC) in two scenarios.