NAA held that ITC benefit of Rs. 16,49,897/- was required to be passed on to 39 flat buyers by SSBC Real Estate Pvt. Ltd.
Nilang Shastri Vs Swati Realty (NAA) Applicant alleged profiteering by Respondent Swati Realty in respect of purchase of a Flat in the Respondent’s project –Swati Florence, Ahmedabad, Gujarat. The Applicant has alleged that the Respondent had not passed on the benefit of ITC to him by way of commensurate reduction in price after the implementation […]
Whether input tax credit can be claimed on upfront lease premium paid? If answer is affirmative, in what manner ITC can be availed?
AAR held that the transfer of rights to perform integration testing, installation, and marketing of software from an e-vehicle manufacturing unit to a software development centre on behalf of end-users is subject to GST being a supply between two distinct persons.
Work order received from Greater Chennai Corporation for Maintaining Micro Compost Centers and processing of wet waste’ are exempted from GST
Supply of Medicines & consumables in the course of providing health care services to Out-patients of hospital is not a composite supply & hence taxable to GST
In re Tulasi Textiles (GST AAR Tamilnadu) The application filed by the applicant seeking Advance Ruling is disposed as withdrawn as per the request of the applicant. FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, TAMILNADU Note: Any appeal against the Advance Ruling order shall be filed before the Tamil Nadu State Appellate Authority […]
Application in FORM GST ARA -01 of Sakkthi Polymers, vide reference online ARA application dated 09/07/2020, is disposed of, as being withdrawn voluntarily
Dive into the intricacies of Related Party Transactions (RPTs) under CA 2013 compared to SEBI LODR.’ Explore the broadened definition of Related Party and its impact on disclosure obligations. Understand the covered transactions and approval mechanisms under CA 2013, distinguishing between Board, Shareholder, and Audit Committee approvals. Delve into exemptions, challenges, and recent amendments in SEBI LODR, highlighting the materiality of RPTs and the crucial role of the Audit Committee.
In re Anik Milk Products Private Limited (GST AAAR Madhya Pradesh) We find that the question before us essentially pertains to classification of the goods under the Act. We, therefore observe that the issue before us is squarely covered under section 97(2)(a). However, we also take a note of the letter of the Joint Director […]
