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Vantage Asia

Trends show need to adjust GST advance ruling scheme
Vantage Asia
Under the GST law, the following questions are eligible for advance ruling: (a) classification of goods/services; (b) applicability of notification; (c) admissibility of input tax credit of tax paid or deemed to be paid; (d) determination of liability ...

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Vantage Asia

Issuance of FAQs clarifies GST on financial services
Vantage Asia
While the headlines on free services by banks not being subject to GST have captured the most attention, relatively staid matters that affect the way financial institutions do business with each other have slipped under the radar. Key instances of such ...