Extension for filing Revocation of Cancelled GST Registration
Extension of timeline for filing application for revocation of registration to 30th September 2021. Extension applies to the following-...
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Valuation of assets for apportionment of ITC
Karnataka AAR has held that for calculating asset ratio for purpose of apportionment of ITC in case of demerger, “value of assets” as per...
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Transfer of leasehold rights amounts to supply of services
Tamil Nadu AAR has held that transfer of leasehold rights after obtaining the approval of the lessor amounts to an activity of ‘agreeing...
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Leasing with option to purchase is supply of services
Telangana AAR has held that mere option to purchase at the end of agreement does not amount to transfer of title of goods on a future...
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Valuation of assets for apportionment of ITC
Karnataka AAR has held that for calculating asset ratio for purpose of apportionment of ITC in case of demerger, “value of assets” as per...
3 views0 comments
Transfer of leasehold rights amounts to supply of services
Tamil Nadu AAR has held that transfer of leasehold rights after obtaining the approval of the lessor amounts to an activity of ‘agreeing...
4 views0 comments
Leasing with option to purchase is supply of services
Telangana AAR has held that mere option to purchase at the end of agreement does not amount to transfer of title of goods on a future...
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ITC on solar power plant for captive consumption
Applicant installed a captive roof top solar power grid of which the electricity generated is captively consumed in the process of...
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E-way Bill blocking resumed w.e.f. 15th August 2021
Facility of blocking E-way bill generation had been temporarily suspended due to pandemic. After 15th August 2021, the System will check...
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Meaning of ‘Restaurant’ under GST
The meaning of the restaurant is a place where meals are prepared and served to the customer - the respondent is running a bakery...
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No demand pending investigation proceedings
Telangana High Court held that advisory letters issued by department for payment of tax, interest and penalty under Section 74(5) of the...
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GSTN: New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers
GSTN has implemented a new functionality on taxpayers' dashboards with the following features: i. The taxpayers can now see the exact...
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Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) - Threshold
Exemption to registered person whose aggregate turnover in FY 2020-21 is upto two crore rupees from filing annual return for the said FY....
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Delhi reconstitutes Authority for Advance Ruling (AAR)
Govt. of NCT of Delhi has reconstituted Authority for Advance Ruling (AAR) with immediate effect constituting Dr. Abhishek Chandra Gupta...
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GST registration for charitable trust supplying at cheaper rate
The Gujarat HC has held that ‘business’ u/s 2(17) of the CGST Act includes supply made by a charitable trust at a cheaper rate and...
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GST payable on discount reimbursed by supplier
Kerala Appellate AAR has held that consideration is inclusive of additional discount reimbursed by a company to its distributor and that...
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Clarification on GST on re-import of goods after repair
CBIC has clarified that re-import of goods sent abroad for repair attracts IGST on a value equal to the repair value, insurance and...
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Clarification on extension of limitation under GST laws
The CBIC has clarified the effect of the Supreme Court’s order on time limits prescribed under GST laws. (i) The extension of timelines...
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ITC available on inputs destroyed during manufacture
ITC is available to inputs destroyed/damaged to the extent of inputs damaged in transit or destroyed at intermediary stage of...
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Interpretation of ‘upto’ in exemption provision
Madras HC has in a writ petition interpreted the term ‘upto’ in an exemption provision to mean that would be available upto the sum...
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