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Major Amendments by Ministry of Corporate Affairs W.E.F. April 1,2021
1. Mandatory use of Accounng Software having Audit Trail*From FY commencing on 01.04.2021, every Company shall use Accounting Software having...
DONATIONS RECEIVED BY BODY CORPORATE: TAXABLE OR NOT?
IntroductionWhile there are many resources available to define the treatment of donations received by Charitable Trusts and NGOs, there is still...
Firm’s Quality Control Policies
Independence:-The Code of Ethics for Professional Accountants, prepared by the International Federation of Accountants (IFAC) identifies types of...
4th Installment of Advance Tax – AY 2019-20
Dear All, With reference to the captioned subject, we would like to remind you that the due date for payment of 4th instalment of advance tax for...
AAR-West Bengal-Sale of assets of a corporate debtor by NCLT appointed liquidator is a supply of goods by said liquidator, who is required to take registration under secon 24.
Facts The National Company Law Tribunal passed an order declaring the applicant a corporate debtor under the provisions of the Insolvency and...
Supply of goods made from Goa on behalf of a third party registered outside Goa to a place in Goa, has to be taxed as inter-State supply of goods.
Facts High Tech Refrigeration & Air conditioning Industries, have their registered office in Goa has opted for Composition from the date of...
AAR Goa – Supply of goods made from Goa on behalf of a third party registered outside Goa to a place in Goa, has to be taxed as inter-State supply of goods.
Facts High Tech Refrigeration & Air conditioning Industries, have their registered office in Goa has opted for Composition from the date of...
AAR-Uttarakhand- State forest development corporation allowing Reta, Bajri, Boulders extraction from river beds in forest area liable to pay 5 per cent GST during period 1-7-2017 to 31-12-2018 while 18 per cent from 1-1-2019 onward.
Facts The applicant (M/s. Uttarkhand Forest Development Corporation) is a Government body constituted under Act of State Assembly of Uttarakhand...
Products whole wheat Parota and malabar Parota which are not ready to eat are not similar to khakhra, plain chapati or roti and hence, same are taxable at rate of 18%.
Facts M/s ID Fresh Food (India) Pvt. Ltd is a food products company involved in preparation & supply of a wide range of ready to cook, fresh...
TDS not applicable on Exempt Supply
Facts Mahalakshmi Mahila Sangha(Applicant) is an association of persons engaged in provision of catering services (HSN-9992) to educational...
AAR-Karnataka- Works contract service provided by applicant to National Centre for Biological Sciences (NCBS) for construction of hostel building on campus is taxable at 18 per cent GST under residual item no. (xii) of Serial No. 3 of Notification No. 11/2017- Central Tax (Rate) dated 28-6-2017.
FactsThe applicant (M/s. Hombale Construction & Estates Private Limited) has entered into a works contract agreement with the National Centre...
Steel die prepared and Consumed/Scrapped in India and invoice raised to foreign client in foreign currency is not Export and is taxable as Intra-State Supply.
Facts M/s. Dolphin Die Cast (P.) Ltd is an importer manufacturer and exporter of Aluminium and Zinc die Castings. Applicant manufactures the Steel...
Charitable trusts supplying medicine at lower rate liable to GST
Facts Nagri Eye Research Foundation(Applicant) is a charitable trust They are running a medical store where medicines are given at a lower rate and...
AAR-Gujarat-Part of township cannot be considered as a standalone housing project and condition of 50% to be checked for entire project for eligibility of reduced rate of GST.
Facts The applicant submitted that they are engaged in the construction and development of a township namely “AMBA TOWNSHIP” located at Adalaj,...
No GST exemption on transport of goods from mother to daughter vessel.
Facts M/s Shreeji shipping is in the business of providing services in relation to transportation of goods from Magdalla Port to the General...
No ITC on transportation of employees which is not obligatory under Law
Facts Prasar Bharti Broadcasting Corpn. of India is a public service broadcaster The taxpayer avails services of hiring taxis for different purposes...
The kraft paper honeycomb board or paper honeycomb board is classified under the heading 48089000.
Facts M/s. Lsquare Eco-Products Pvt Ltd is a manufacturer of Kra paper honeycomb boards or paper honeycomb boards using the kra paper, paper...
LPG Gas supplied to Domestic consumer liable to GST @5% w.e.f 25.01.2018 and entire ITC@18% is eligible against purchase of LPG
Facts Navbharat LPG Boling Company(Applicant) is engaged in the business of purchasing LPG Gas (Bulk) through Tanker at GST 18% and there are,...
AAAR-Karnataka- Applicability of GST on sub-contract of landscape development & maintenance of garden work for Government Department.
Facts The Appellant (M/s The Nurserymen Co-operative Society) has received contract from Government departments like BBMP and KSRTC for undertaking...
AAR Karnataka Advance Ruling No KAR ADRG 38/2020 dated 22 May 2020 Products whole wheat Parota and malabar Parota which are not ready to eat are not similar to khakhra, plain chapatti or roti and hence, same are taxable at rate of 18%
Facts M/s ID Fresh Food (India) Pvt. Ltd is a food products company involved in preparation & supply of wide range of ready to cook, fresh foods...
