There is no specific exemption from the levy of GST on service charges. Therefore any amount paid to the hotel/restaurant along with the food bill GST needs to be charged on the entire amount including the service charge as the same be part of the value of supply u/s 15(2)(c) of CGST Act.
Unlocking the essence of capital vs. revenue expenditure through Faurecia Emissions vs. DCIT, ITAT Chennais verdict on royalty payments for technical know-how.
Explore the landmark ITAT Chennai 2016 ruling on CWIP expense write-off in Faurecia Emissions vs. DCIT, highlighting evolving legal perspectives on capital vs. revenue expenditure in business.
Section 44AD applies to Assesses who are resident individuals, Hindu Undivided Family, Partnership firm and has not claimed deduction u/s 10A, 10B, 10AA, or under chapter VI A in respect of certain incomes.
Section 194N under Income Tax Act have been introduced detailing the provisions of TDS on Cash withdrawals vide union budget 2023
Navigate Trademark Registration in India: A step-by-step guide from selecting a unique brand name to successfully registering your trademark.
Navigate GST Geocoding: Essential FAQs for Taxpayers in Delhi & Haryana – Guide to mapping your business location for compliance.
MSME Compliance Guide: Mastering Transactions with Micro & Small Enterprises – Key requirements and classifications for businesses.
Rajeev Bansal Vs Union of India (Allahabad High Court) Allahabad high court in lead case of Rajeev bansal vs UOI (Writ Tax of 1086/2022) and others by division bench presided by justice sunita agarwal on issue of time barred notices u/s 149 first proviso under amended law (judgment reserved on 15 Dec 2022) has rejected […]
Consultation Paper on Holding of Sponsor in Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) seeks to solicit public comments on the proposal to review norms with respect to Sponsor(s) of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in order to ensure alignment of interest between the Sponsors and unit holders.
