"03 August 2018" Archive - Page 3

UAE VAT: Public clarification on recoverability of Entertainment expenses

FTA clarifies the scope of blocked credit for entertainment services. Such clarification has relieved business from certain doubts for the recovery of VAT input, yet many are still unclarified vide this clarification....

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Public clarification on Compensation type payments under UAE VAT Law

The public clarification sought to relieve and doubts on VAT applicability on some type of payments such as the claim for loss, fines and penalties. Specific transactions are however subject to different treatment based on the facts of the case....

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E-way Bill System- Statement by Government

The E-way Bill System has been introduced nation-wide for inter-State movement of goods with effect from 1st April, 2018 while the States were given the option to choose any date till 3rd June, 2018 for the introduction of the E-way bill system for intra-State supplies. Consequently, all the States have notified the E-way bill system [&he...

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AAR cannot decide on applicability of FTP and related procedure

In re Spentex Industries Ltd. (GST AAR Madhya Pradesh)

M/s. Spentex Industries Ltd. (hereinafter referred to as the Applicant), having its registered office at 51-A, B & C, Sector-Ill, Industrial Area, Pithampur Distt. Dhar (M.P.), are engaged in the manufacture of Textile Yarn. The Applicant are registered with the GSTN holding GSTIN 23AADCK3039P2ZC....

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Refund of Accumulated Credit : Textile Industry Not Happy & Confused Detailed Analysis

The recent Notification by allowing Refund of Accumulated Credit to Fabric Manufacturer brought some relief, but Textile Industry is not happy as still some other issues are not very clear and are in their favour....

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GST on Supply of bus body on chasis supplied by principal on job work basis

In re Arpijay Fabricators Pvt. Ltd (GST AAR Madhya Pradesh)

Activity of Body Building undertaken by the Applicant, carried out on the chasis supplied by the principal in the capacity of a job worker, would amount to 'Composite Supply' as define under CGST Act 2017/MPGST Act 2017;...

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GST on Complimentary IPL Tickets- Kings XI Punjab withdraws AAR Application

In re Kph Dream Cricket Pvt. Ltd (GST AAR Madhya Pradesh)

Whether free tickets given as Complimentary tickets by Kings XI Punjab for IPL Matches falls within the definition of supply under the CGST Act, 2017 and thus whether the Applicant is required to pay GST on such free tickets?; Whether the Applicant is eligible to claim Input Tax Credit (for short ITC) in respect of complimentary tickets?...

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Securities Contracts (Regulation) (Second Amendment) Rules, 2018

Notification No. G.S.R. 738(E) (03/08/2018)

Every listed public sector company which has public shareholding below twenty five per cent on the commencement of the Securities Contracts (Regulation)(Second Amendment) Rules, 2018, shall increase its public shareholding to at least twenty five-per cent, within a period of two years from the date of such commencement, in the manner spec...

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Construction of Pooling Substation with transmission line is composite supply: AAR

In re Vihan Enterprises, Swati Dubey (GST AAR, Madhya Pradesh)

What is HSN in which the service of construction of new 33/220 kV Pooling Substation at Badwar, REWA along with associated 220 kV DCDS Transmission Line and associated feeder bay work on total Turnkey basis against Bid Identification No. RUMS/2016-17/372/014 (Lot-I) under World Bank Financing shall fall?...

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No GST on project management consultancy services under PMAY contract

In re Egis India Consulting Engineers Private Limited (GST AAR Madhya Pradesh)

Whether the Project Development and Management Consultancy services ('PDMC') provided by Applicant to recipient under the Contract for AMRUT; and the Project Management Consultancy services ('PMC') under the Contract for PMAY would qualify as an activity in relation to function entrusted to Panchayat or Municipality under Article 243G or ...

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