Alerts & Updates 20th Jul 2023
The CBIC has issued various Circulars in line with the recommendations of the 50th GST Council meeting. These clarifications provide much needed respite to taxpayers with respect to certain long-pending issues such as option of ISD/Cross charge, taxation of shares held by holding companies in subsidiary companies, GST implications on replacement of parts, calculation of interest incase of wrongly availed and utilised IGST credit.
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