Posts Tagged ‘Insurance’

Fees received by Regulatory Commissions to discharge statutory duty not lia...

Posted On January 16th, 2025

Note – The Electricity Act makes no distinction between the regulatory and adjudicatory functions which it vests in and confers upon a Commission. Those functions are placed in the hands […]

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 […]

Supply and installation of solar power generating sets a composite supply t...

Posted On January 15th, 2025

Note – The supply of the Solar generating Power Station, is a composite supply, it would not amount to a works contract. Applying the principles set out in Commissioner of […]

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 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, […]

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 […]

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 […]

Importer does not lose right to contest re-assessment where enhanced value ...

Posted On December 4th, 2024

Note – Tribunal has consistently found that a valuation addition based solely on NIDB data would wholly unwarranted and that any such reassessment would have to be shored by independent […]

MEIS benefits cannot be sought to be refunded by customs contrary to stance...

Posted On December 3rd, 2024

Note – It would be impermissible for the customs authorities to either doubt the validity of an instrument issued under the FTDR Act or go behind benefits availed pursuant thereto […]

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