Insights
Recommendation of the 50th GST Council
The GST Council held its 50th meeting on 11th July 2023 and made a slew of recommendations with respect to changes in GST law and Rules and to clarify various ambiguities.
HSN Codes
HSN codes, or Harmonized System Nomenclature codes, are a multi-purpose international product classification system. In simpler terms, they are used to classify goods for taxation purposes.
Everything you know about EPR License in India
Welcome to the world of Extended Producer Responsibility (EPR)! EPR is a mechanism that holds manufacturers accountable for the entire lifecycle of their products, including the post-consumer stage.
Import of second-hand goods for repair, reconditioning or re-engineering and re-export
Remanufacturing is already big business globally. The European Remanufacturing Network estimated the value of remanufacturing in 2015 at just under €30bn ...
India Jobbing under Customs
Manufacture of export goods undertaken in India from goods supplied free of cost by a foreign buyer
MOOWR – Manufacturing & Other Operations in Warehouse Regulations
MOOWR unit offers deferred duty payment of customs duties without imposing export obligations. It also allows trading.
Union Budget 2023 - Changes in Customs Law
Power to grant duty rate exemption: Validity of two years shall not apply to exemption notifications issued in relation to
BUDGET UPDATE: 2023-2024 - GOODS AND SERVICES TAX
Finance Minister presented the Union Budget 2023 today. Key highlights of the Budget presentations are captured below
Recommendations made in the 48th GST Council meeting
New Rule 37A to be inserted, to prescribe the mechanism for reversal of input tax credit by a registered person in the event of nonpayment of tax by the supplier by a specified date and mechanism for re-availment of such credit, if the supplier pays tax subsequently.