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Archive: 29 June 2023

Posts in 29 June 2023

CSR activities not eligible for input tax credit (ITC): AAR Ruling

June 29, 2023 1488 Views 0 comment Print

Description: Read the analysis of the GST Advance Ruling (AAR) regarding the eligibility of input tax credit (ITC) for the GST paid on CSR activities by Shriram Pistons and Rings Limited. Explore the ruling’s interpretation of Section 16(1) of the CGST Act, the applicability of ITC, and the implications for businesses.

GST AAR Ruling on Shifting Transmission Lines: NHAI and MVVNL

June 29, 2023 1140 Views 0 comment Print

Read analysis of GST AAR regarding work done by NHAI in shifting transmission lines under MVVNL’s supervision. Explore ruling’s implications on supply definition, GST payment, double taxation, and applicability of GST.

GST AAR Ruling on Subsidized Canteen Charges for Employees

June 29, 2023 2169 Views 0 comment Print

Read the analysis of the GST AAR ruling regarding subsidized canteen charges provided by Shriram Pistons And Rings Limited to its employees. Understand the implications of the ruling on the scope of supply, consideration, GST applicability, and input tax credit eligibility.

GST on Free Replacement of Goods under Guarantee Period

June 29, 2023 2562 Views 0 comment Print

GST AAR ruling regarding the tax liability under GST for the supply of goods as free replacements during the guarantee period without any consideration. Understand the implications of the ruling by Prag Industries (India) Pvt Ltd.

GST on education & training to commercial pilots as per DGCA curriculum 

June 29, 2023 3939 Views 0 comment Print

Read the analysis of the GST AAR ruling on whether the supply of education and training services to commercial pilots is exempted from GST. Understand the implications and findings of the ruling by CAE Simulation Training Private Limited.

GST on Duty Credit Scrips issued under RoSCTL scheme

June 29, 2023 29586 Views 0 comment Print

An in-depth exploration and legal analysis of the GST AAR Uttar Pradesh case, where the main question was whether Rebate of State and Central Levies and Taxes (RoSCTL) qualifies as Duty Credit Scrips.

Enhancing Data Security: Importance of an Audit Trail for Companies

June 29, 2023 1098 Views 0 comment Print

Discover the significance of implementing an audit trail in your company’s data management processes. Learn about the benefits of maintaining a comprehensive audit trail, the management’s role and responsibilities, and the preservation requirements. Enhance data security and promote good corporate governance practices.

Classification of UPS for Exemption under Notfn No. 25/2005: CAAR Delhi Ruling

June 29, 2023 1611 Views 0 comment Print

Discover the ruling by the Customs Appellate Authority for Advance Rulings (CAAR) in Delhi regarding the classification of Uninterrupted Power Supply (UPS) and its eligibility for exemption under Notification No. 25/2005.

No Service Tax on Issuance of Corporate Guarantee by Director Without Consideration: SC

June 29, 2023 3990 Views 0 comment Print

A recent judgment by the Supreme Court of India has set a precedent, ruling that the issuance of a corporate guarantee on behalf of group companies by a director without consideration is not a taxable service. Discover the insights and implications of this judgment in our comprehensive analysis.

CGST Delhi West Commissionerate Exposes Network of Fraudulent Firms and Arrests Key Suspect

June 29, 2023 768 Views 0 comment Print

A special operation by CGST Delhi West Commissionerate results in the unmasking of a nexus of over 30 counterfeit firms and the subsequent arrest of the orchestrator.

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