Posts Tagged ‘Commercial’

No import of vehicle in CKD form when essential components sourced locally

Posted On September 26th, 2024

Note – When Six essential components of motor vehicle viz., Engine along – with Transmission Unit, Door Panel, HVAC and Cooling Module, Exhaust System and Axle are being procured from […]

Classification adopted by assessee to be accepted for past period when GST ...

Posted On September 19th, 2024

Note – In the 48th meeting of GST council, it was clarified that the snack pellets such as ‘fryums’ which are manufactured through the process of extrusion, are appropriately classifiable […]

NCLT Order Binding on GST Authorities and non-intimation to Commissioner ab...

Posted On September 19th, 2024

Note – The contention of the learned Government Pleader for Commercial Taxes that the order of NCLT is not binding on the State of Andhra Pradesh in view of Section […]

Summary of Recommendations during 54th meeting of the GST Council on 09.09....

Posted On September 10th, 2024

GST Council recommends Group of Ministers (GoM) on life and health insurance related GST with existing GoM on Rate Rationalisation; to submit report by end of October 2024 GST Council […]

Retrospective amendment to Section 16(5) - Delay in filing return to be con...

Posted On September 3rd, 2024

Note – It is seen from the records that the GST Council in its 53rd meeting, recommended to extend the deadline for filing GSTR-3B returns for the financial years 2017-18, […]

Investment in mutual funds does not result in exempted service and income c...

Posted On August 6th, 2024

Note – The appellant has invested their income in shares / mutual funds and also sold certain investments. They have acted like any individual who would invest funds in shares […]

Income from renting of premises cannot be exempted in the hands of the Univ...

Posted On August 2nd, 2024

Note – The predominant object test must be applied; the purpose of education should not be submerged by a profit making motive. When the University rents out its property for […]

Granting of call option cannot be seen as a service to attract tax thereon

Posted On August 1st, 2024

Note – The granting “call option” is not an activity of rendering service. The SCRA defines securities to include both “rights in securities” and “derivatives”. The grant of call option […]

Section 7(1)(aa) amendment in CGST Act is valid and GST applicable on servi...

Posted On July 25th, 2024

Note – Article 246A or Article 366(12A) does not have any reference to the term Person. The tax is on activities, i.e., the supply of goods and services or both. […]

No mandatory provision to require transporter to take a particular route

Posted On July 19th, 2024

Note – What is required by law is the furnishing of consignment documents and specified particulars of consignor, consignee, goods, route maps & destinations. Requirement of furnishing particulars of route […]

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