NEWSLETTER - VISION 360: A TREASURY OF TAX AND REGULATORY DEVELOPMENTS - OCTOBER 2021

The month of September 2021 witnessed one of the most important GST Council Meetings in history! From recommending suitable amendment to impose interest only on the net tax liability instead of gross liability, to extending the concessional GST rates on certain COVID-19 treatment drugs! Also, the CBIC has issued various circulars clarifying issues relating to intermediary service.

On the Direct Tax front, the Supreme Court has held that there is no legal obligation of banks to maintain separate investment funds for earning different kinds of investment incomes. Compiling all such developments, we are glad to bring you the 14th Edition of our ‘Vision 360’ Newsletter in association with TIOL. We have covered all the judicial and legislative developments in Direct, Indirect Tax other regulatory areas. We hope that reading of the newsletter would bring an enriching experience to you! Your valuable feedback is always welcome at consult@gstlegal.co.in or updates@gstlegal.co.in. 

Disclaimer:

The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.