Advance Ruling Name of the Applicant: Venkatasamy Jagannathan Order No. and Order date : 19 /AAR/2019 Dated: 21.05.2019 Authority : AAR(Tamil Nadu) Questions Sought by the applicant: Will the Profit Sharing Agreement between the applicant as an employee and the shareholders, attract GST in his hands? Brief Facts: The Applicant has stated that is […]
Whether building of body after utilizing and consuming owned materials and providing labour and further amount the same on chassis of the principal would amount to supply of Services? Whether it would amount to a composite supply consisting a small part of supply of goods and major part of supply of services. Supply of Services being principal supply therefore on the basis of provision of Sec 8(a) of the CGST Act the same should be classified as supply of service under HSN. 9988?
As per the Rule 33 of the CGST Rules 2017, Notwithstanding anything contained in the provisions of this Chapter, the expenditure or costs incurred by a supplier as a pure agent of the recipient of supply shall be excluded from the value of supply of all the following conditions are satisfied
Entertainment is a part of life. Everyone wants their life to be full of excitement and fun. There should be no place for boredom in your life. In this article, we will discuss the impact of GST rates on the entertainment industry and whether or not it is becoming expensive under GST. The following are […]
Advance Ruling | Section 11 | Entry No. 13 | Exemption Related to Religious Activities Exemption related to Religious Activities includes Services by a person by way of- a) Conduct of any religious ceremony b) Renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a […]
Advance Ruling | Section 11 | Entry No. 1| CGST Act 2017 | Exemption Related to Charitable Sector Serial No. 1 of Exemption Notification :- Exemption related to charitable sector ↓ Service by an entity registered under section 12AA of the income tax Act, 1961 by way of charitable activities ↓ Charitable Activities ↓ […]
Advance Ruling| Section 11 | CGST Act 2017 |Entry No. 74| Power to grant exemption from tax Overview of Sec 11 : Power to gran exemption from tax Central or the State Governments are empowered to grant exemptions from GST. Conditions are: 1. Exemption should be in public interest 2. By way of issue of […]
Overview- Aggregate Turnover As per 2(6) ‘aggregate turnover’ means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to […]
Whether the applicant/importer is again required to pay IGST on the component of ocean freight under RCM mechanism on deemed amount which will amount double taxation of IGST on the deemed component of ocean freight of the imported goods?
COMPOSITE SUPPLY Composite supply means a supply made by a taxable person to a recipient -consisting of two or more taxable supplies of goods or services or both, or any combination thereof, -which are naturally bundled -and supplied in conjunction with each other -in the ordinary course of business, one of which is a principal supply. Principal […]
