The Ministry of Finance, Department of Revenue vide Circular No. 178/10/2022-GST dated August 03, 2022 has inter-alia observed and clarified that- the service of agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act is nothing but a contractual agreement; a contract to do […]
Read More →Schedule II of the CGST Act talks about activities or transactions to be treated either as a supply of good or supply of service. There are some certain activities or transaction which led to confusion whether they are supply of goods or supply of service. The matters listed out in Schedule II are primarily those […]
Read More →Central Government in continuation of its endeavours to promote Ease of Doing Business in India has passed proposal for abolishing the Foreign Investment Promotion Board (FIPB) and allowing concerned Administrative Ministries/Departments to process applications for FDI requiring government approval. Reduction of formalities and time gap in getting government approvals will make India more attractive destination […]
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