- The Economic Laws Practice, Taxand India, provides an overview of key changes to the administration of indirect tax laws in India through notifications and circulars.
- These changes include clarifications on taxability of services, interest in case of wrong advantage and utilization of IGST credit, availability of ITC for warranty replacement, difference in ITC availed, taxability of shares held in a subsidiary company, special procedure for filing an appeal, and relaxations in filling of declarations.
- The update also covers judicial judgments and rulings on time limits for availing credit, tax implications of charging batteries for electronic vehicles, and penalties for not generating E-way bills.
Source Taxand
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