- A list of key updates in indirect tax has been provided based on recent notifications, circulars, orders, writs, advance rulings, and important judgments.
- The list includes updates related to GST and customs, such as the allowance of ITC on free supply to dealers as an incentive, the requirement of tax payment by suppliers for ITC availability, and the rejection of overvaluation allegations due to non-examination of BRCs.
- Additionally, an update on investment advisory services not being considered as intermediary services has been included.
Source Darda Advisors
