Indirect Taxes pervade every area of a company’s business. Their impact on material and product costs, cash flow, profitability, and, ultimately, on shareholder value is an important element to stay ahead in the competition. With the frequent amendments and updates in the Indirect Tax regime, it is important for businesses and entrepreneurs to stay informed about their implications and how they may affect their operations.
Keeping that at the core, we at InCorp introduce the first edition of our monthly GST Newsletter which includes recent articles, notifications & circulars, case laws, and due dates pertaining to Goods and Services Tax. In this newsletter we discuss the following:
- What is GST on services between clubs & its members?
- What are the special incentives under Mission Oxygen Independence?
We take you through the facts of the case, provisions of the law and the ruling made by the concerned authority.
- GST rate on services by sub-contractor to another sub-contractor
- GST not paid is recoverable from the seller and not from the buyer who has claimed it as ITC
Important Notifications And Circulars For The Month Of June 2021
Every newsletter shall include the calendar for the month. We have highlighted the GST due dates that you need to be aware of for your easy reference!