Alerts & Updates 13th Jul 2023
ELP’s GST update covers key highlights of the 50th GST Council meeting, which was held on July 11, 2023. The update provides details on important industry wide issues including Input Service Distributor mechanism, tax on casinos, horse racing and online gaming, verification of Input Tax Credit in specific scenarios, warranty replacement of parts and repair services and services by a director.
Also covered in our update are certain recommendations which are welcome measures for the taxpayers. Some of these include the introduction of manual appeal filing against an Order issued for revision of Transitional Forms (for transfer of credit from the erstwhile tax regime to GST regime) and implementation of the GST Appellate Tribunal.
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