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Archive: 15 July 2022

Posts in 15 July 2022

GST on work contracts of Hyderabad Metropolitan Water Supply & Sewerage Board

July 15, 2022 1644 Views 0 comment Print

In re Power Solutions (GST AAR Telangana) M/s. Power Solutions is executing work contracts including material & services and services for Hyderabad Metropolitan Water Supply and Sewerage Board (governmental authority) & is desirous of obtaining clarification regarding the rate of tax on such works. AAR held:- a. For works contract including material & services the […]

No GST exemption on renting of immovable property to Govt School

July 15, 2022 21309 Views 0 comment Print

In re Bollu Siva Gopala Krishna (GST AAR Telangana) The applicant is renting immovable property and is desirous of ascertaining whether the said service is taxable if rendered to educational institutions registered under Section 12AA of the Income Tax Act, 1961 or to a Government School. Notification No. 12/2017 at Serial No. 13 exempts services […]

18% GST payable on executing works for Governmental Entity or Authority

July 15, 2022 576 Views 0 comment Print

In re KPC Projects Limited (GST AAR Telangana) M/s. KPC Projects limited are executing works to Telangana State Tourism Development Corporation limited (Government entity) and desirous of ascertaining the rate of tax under CGST & SGST on their supplies. Questions raised: 1. In view of the services provided by the applicant to TSTDC, is the […]

Advance ruling under GST cannot be given on liability of third party

July 15, 2022 975 Views 0 comment Print

AAR held that applicant is seeking an advance ruling on the liability of the third party, i.e., the developer who is not represented before this authority. A ruling cannot be given on the back of an effected party to determine his liability to pay tax. Hence the application is rejected.

GST: Every economic offence cannot be treated in same manner for Bail

July 15, 2022 1245 Views 0 comment Print

In the matter of bail, there is no straitjacket formula for consideration of bail to an accused as it all depends upon the facts and circumstances of each case.

Comprehensive changes in FORM GSTR-3B

July 15, 2022 15240 Views 0 comment Print

Notice calling for suggestions, views, comments etc. from stakeholders on comprehensive changes in FORM GSTR-3B A proposal of comprehensive changes in FORM GSTR-3B was deliberated by the GST Council in its 47th meeting held at Chandigarh on 28th and 29th June 2022. The Council recommended that the said proposal may be placed in public domain […]

Section 263 order not valid for land vacation compensation issue already examined by AO

July 15, 2022 441 Views 0 comment Print

Issue relating to the land vacation compensation charges claimed by the assessee in the year under consideration was duly examined by the Assessing Officer by making the necessary inquiries and after satisfying himself on perusal of the relevant details and documents placed on record by the assessee

Addition of unsecured loan sustained as genuineness of transaction not established

July 15, 2022 1848 Views 0 comment Print

Held that addition of the amount of unsecured loan sustained as the assessee failed to establish the genuineness of the loan transactions except filing the affidavits.

Artificial Intelligence: A Boon to Corporate Reporting

July 15, 2022 2460 Views 0 comment Print

With an increasing Corporate Governance norm and to protect the interest of the Stakeholders, MCA introduces a chat box to assist with statutory filings and artificial intelligence for User Guidance.

Uniform policy for A&C Department of Unified Municipal Corporation of Delhi

July 15, 2022 2472 Views 0 comment Print

Municipal Corporation of Delhi (MCD) order on the new rates of the property tax 1. New property tax rates and conditions will be applicable from July 16, 2022 in order to bring uniformity and streamline and bring transparency in tax administration. 2. Education Cess of 1 per cent on annual property tax will also be payable. […]

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