*_No Interest or Penalty on wrong availment of ITC: Madras High Court_*

*In the Favour of Taxpayer* *Issue* Whether proper officer was correct in imposing 100% penalty and interest u/s 50(3) of the CGST Act 2017 where the taxpayer has availed excess transition credit with an intention to utilise the same in future. Where such excess credit availed by the taxpayer remains unutilised, whether department can proceed […]

*_Recovery of Notice Pay is not a Supply under GST: AAR, Maharashtra_*

GST Solutions for Professionals

*In the Favour of Taxpayer* *Issue* Whether the notice pay recovered by the employer from the employee in lieu of not serving the notice period is a supply under Section 7 of CGST Act 2017? Whether the recovery of notice period shall be treated as consideration towards tolerating and forbearing an act of the employee? […]

RoDTEP Scheme (Remission of Duties and Taxes on Exported Products)

RoDTEP scheme is a newly implemented scheme to replace the  existing MEIS (Merchandise Exports for India Scheme) for providing refunds to the exporters for the duties and taxes that were previously non-refundable that would make Indian products competitive in global markets. RoDTEP is implemented through Notification No. 19/2015-20, Dated- 17th August 2021 and will be […]

Unitax: The GST Solutions for Professionals

GST Solutions for Professionals

Unitax is an end-to-end encrypted online platform which provides solutions to GST problems which professionals face in their professional lives. It is an integrated GST Solutions for Chartered Accountants, Lawyers and Bookkeepers. Unitax is highly confidential and with an assurance that your client shall not be  poached. The purpose of creating the platform was to […]