Indirect Tax

The Directorate General of Trade Remedies (DGTR) has issued a series of Trade Notices to implement major steps to streamline and simplify the existing procedures for participation by all stakeholders in Anti-Dumping (AD) /Countervailing Duty (CVD) proceedings. The new procedures provide for revised application formats and questionnaires for domestic industry, exporters, importers and end-users.

The 45th Goods and Services Tax (“GST”) council meeting was concluded on 17 September 2021. Few major issues that were deliberated upon inter alia, inclusion of Petroleum within the ambit of GST, compensation cess, COVID-19 related relief measures and change in rate of tax on multiple goods and services.  The council has also suggested a series of steps with a view of streamlining compliance procedures under GST regime. This ERGO intends to summarise some of the key proposals made by the GST council.

The Remission of Duties and Taxes on Export Products Scheme(“RoDTEP”) is a new scheme that is formed to replace the Merchandise Exports from India Scheme (MEIS). MEIS was one of the schemes introduced under chapter 3 of the Foreign Trade Policy 2015-20 (FTP) with the objective "to provide rewards to exporters to offset infrastructural inefficiencies and costs". However, MEIS was successfully challenged by US at the WTO Dispute Settlement Body and is effectively being replaced with RoDTEP.

‘Investment Subsidy in lieu of Net SGST of Haryana’ notified under the Haryana Enterprises & Employment Policy,2020 (dated 29.12.20) – an attractive incentive scheme for various categories of enterprises