With the festivities all around in the last quarter of the calendar year, the spirits are high among the people! A big gift by the CBIC in this festive season has been the batch of notification/circulars issued based-on recommendations made in the 52nd GST Council Meeting.
In this past month of October 2023, the CBIC had issued a slew of circulars clarifying various provision under the CGST Act along with corresponding amendments in the GST Rules. These mainly include taxability of personal and corporate guarantees, place of supply in case of select services, transportation, imitation zari thread, reimbursement of electricity charges, job work etc.
In this edition of our newsletter, we have curated a diverse range of articles including insights from the industry experts that cover a variety of topics, including recent tax reforms, emerging trends in the industry, and updates from the global tax arena. In addition, here are the salient developments covered in this Newsletter:
True to our view of bringing news which are beyond facts, we have covered all the judicial and regulatory developments in direct and indirect taxes with interesting insights.
We are pleased to present to you the 37th Edition of our 'Vision 360' Newsletter in partnership with TIOL. This edition encapsulates the pivotal judicial and legislative advancements in Direct Tax, Indirect Tax, and other regulatory domains throughout the month of October 2023. We trust that perusing this newsletter will provide you with an enriching experience. Your valuable feedback is always appreciated and can be shared with us 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.
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