Posts Tagged ‘Credit’

Supplies in independant capacity under a bipartite agreement not intermedia...

Posted On January 16th, 2025

Note – The Petitioner manages IT infrastructure, editorial and content creation activities, customer support and custom usage report generation for the clients of its parent company situated in USA. Queries […]

Assigning of leasehold rights on immovable property not liable to GST as it...

Posted On January 9th, 2025

Note – Where by deed of assignment executed by the lessee there is no lease or sub-lease by the lessee but it is a deed of divesting all the rights […]

Clarification on ITC for e-commerce operator

Posted On January 2nd, 2025

North Block, New Delhi, Dated the 31st December, 2024 To, The Principal Chief Commissioners/ Chief Commissioners of Central Tax (All) The Principal Directors General/ Directors General (All) Madam / Sir, […]

Clarification on ITC where supply is under Ex-works terms

Posted On January 2nd, 2025

North Block, New Delhi, Dated the 31st December, 2024 To, The Principal Chief Commissioners/ Chief Commissioners of Central Tax (All) The Principal Directors General/ Directors General (All) Madam / Sir, […]

Clarification on GST liability on vouchers

Posted On January 2nd, 2025

North Block New Delhi, Dated the 31st December, 2024 To, The Principal Chief Commissioners/ Chief Commissioners of Central Tax (All) The Principal Directors General/ Directors General (All) Madam / Sir, […]

Target incentives on sale of cars from manufacturer to dealer not considera...

Posted On December 26th, 2024

Note – It has been the consistent position of this Tribunal, that sale/target incentive/incentive on sale of vehicles and incentive on sale of spare parts received by assessee, could not […]

No ITC on items used for sales promotional activity

Posted On December 23rd, 2024

Note – The expression goods disposed by way of gift or free samples will specifically apply to the goods whether manufactured or traded by an assessee under the provisions of […]

GST Council Recommendations 55th Council Meeting Held on 21st December 2024

Posted On December 22nd, 2024

Jaisalmer, Rajasthan, 21 st December 2024 The 55th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan, today. The […]

Telecommunication towers cannot be excluded for ITC just because of mention...

Posted On December 20th, 2024

Note – The specific exclusion of telecommunication towers from the scope of the phrase “plant and machinery” would not lead one to conclude that the statute contemplates or envisages telecommunication […]

Credits cannot be denied under Section 16(4) as it cannot override Section ...

Posted On December 17th, 2024

Note – The interpretation of Section 16 of CGST Act which covers eligibility and conditions for taking ITC, is that a right on ITC is created when a tax payer […]

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