"21 July 2019" Archive

Insolvency Resolution Process in Real Estate

Real estate is backbone of the economy of any country. It is the largest asset class owned by people of any country. It is one of the biggest sectors getting credits from the financial institutions. Investment in under construction housing is one of the biggest investments of Indian middle class. However, unfortunately numerous projects o...

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Posted Under: Company Law |

Ways of Striking Of Name of Company from Register of Companies

Strike-off of company from registrar of companies is an opportunity given to defunct companies or those companies voluntarily shut down their business can file their application with roc under section 248. This is one of the best and easiest ways where companies can strike off its name without any hassle by properly arranging all the [&he...

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Posted Under: Company Law |

UDIN: Advanced idea to control malpractices

Several times it has been noticed that non-CAs has been misrepresenting themselves as ICAI member and offering certification services to numerous Authorities and Stakeholders. Such malpractices started bringing a question on the authenticity of financial documents/certification done by actual ICAI Members in practice. Considering the rise...

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Posted Under: Company Law |

Section 194DA – TDS in respect of Life Insurance Policy

Section 194DA relates to the deduction of TDS in respect of life insurance policy, and the provisions of the same are covered under the present article. Basic provisions of section 19DA Section 194DA of the Income Tax Act, 1961 covers the person making payment to a resident person any sum under the life insurance policy. […]...

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Posted Under: Company Law |

Healthcare services and food supplies by Hospitals under GST

Hospitals charges fees for various services provided along with medical and consultancy service provided by doctors such as nursing care, infrastructure facilities, paramedic care, emergency services, checking of temperature, weight, blood pressure etc. Also it hires senior doctors/ consultants/ technicians independently, without any cont...

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Posted Under: Company Law |

GST TDS provisions applicable only to persons specified U/s. 51(1)(d)

In re Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. (GST AAR Rajasthan)

In re Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. (GST AAR Rajasthan) Central Government by way of Notification No. 50/2018 (Central Tax) dated 13.09.2018 appointed the 1st day of October, 2018, as the date on which the provisions of section 51 of the said Act shall come into force with respect to persons specified under […]...

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GST on goods and services supplied to implement and maintain Software VC up to Gram Panchayat Government offices

In re M/S Vedant Synergy Pvt. Ltd. (GST AAR Rajasthan)

In re M/S Vedant Synergy Pvt. Ltd. (GST AAR Rajasthan) The goods and services supplied by the applicant are classifiable under HSN 998316 (Information technology infrastructure and network management services) attracting GST @ 18% (SGST 9% + CGST 9%). FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING RAJASTHAN Note: Under Section 100 of ...

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GST on shifting of power transmission towers/lines to widen National highways

In re National Highway Authority of India (Regional Office) (GST AAR Rajasthan)

In re National Highway Authority of India (Regional Office) (GST AAR Rajasthan) We observe that the applicant is a Central Government entity whose primary work is building roads and bridges. Shifting, dismantling and raising of transmission lines is done by the applicant as and when required for safe electrical clearances during the widen...

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18% GST payable on leasing of immovable property for 99 years

In re Greentech Mega Food Park Pvt. Ltd. (GST AAR Rajasthan)

In re Greentech Mega Food Park Pvt. Ltd. (GST AAR Rajasthan) Whether the Lease Agreement between the Applicant Company i.e. the lessor and the lessee for a period of 99 years is a sale of immovable property and outside GST and is exempt from levy of GST? If the present transaction of giving land on […]...

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GST on conference and exhibition Services to delegates & exhibitors

In re Ms. All Rajasthan Corrugated Board and Box Manufacturers Association (GST AAR Rajasthan)

In re Ms. All Rajasthan Corrugated Board and Box Manufacturers Association (GST AAR Rajasthan) I. The Service provided by the applicant to the delegates and exhibitors is a composite supply and classifiable under Service Code 998596 having Service description ‘Events, exhibitions, conventions and trade shows organizations and assist...

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