AAR Punjab

GST on differential payment on Settlement, Washout or Closure of Cotton Purchase / Sale Contract

In Re Louis Dreyfus Company India Pvt. Ltd. (AAR Punjab) - 

In forward contracts in cotton sales, being settled with the other party to the contract by way of payment of the differential of forward rate and prevailing market rate on the settlement date, the same would be falling within the purview of 'securities' as defined in Section 2(101) of the CGST Act, 2017 and would therefore not be chargea...

Read More
Posted Under: Goods and Services Tax | | ,

No GST on education board prescribed Lab manuals for School Students

In re Evergreen Publication (India) Ltd. (GST AAR Punjab) - 

In re Evergreen Publication (India) Ltd. (GST AAR Punjab) Lab manuals generally for class 6th to 12th printed by printing / publishing industry as prescribed by education boards and written by author(s), whether is tax free product falling under heading 4901 attract nil duty? The Lab Manual being published by the applicant which comprises...

Read More
Posted Under: Goods and Services Tax | | ,

GST Payable on complementary IPL tickets & ITC can be claimed

In re KPH Dream Cricket Pvt. Ltd. (GST AAR Punjab) - 

In re KPH Dream Cricket Pvt. Ltd. (GST AAR Punjab) Question Raised 1. Whether free tickets given as ‘Complimentary Tickets’ falls within the definition of supply under CGST Act, 2017 and thus, whether the applicant is required to pay GST on such free tickets? 2. Whether the applicant is eligible to claim Input Tax Credit […]...

Read More
Posted Under: Goods and Services Tax | | ,

Browse All Categories

CA, CS, CMA (4,319)
Company Law (5,063)
Corporate Law (4,832)
Custom Duty (7,434)
DGFT (4,016)
Excise Duty (4,265)
Fema / RBI (3,857)
Finance (4,025)
Goods and Services Tax (10,548)
Income Tax (30,971)
SEBI (3,208)
Service Tax (3,471)

Latest Posts

  1. MCA started process of deactivating non-compliant DINs
  2. Analysis of GST Circulars issued on 11th October, 2019
  3. Gist of GST Circulars issued on 3rd and 11th October 2019
  4. Deduction U/s. 80P not allowable to Co-operative society if it provides Credit facility to other than members
  5. In case of Limited scrutiny AO cannot make additions or disallowances on other issues
  6. Addition justified for Unverified corpus donation 
  7. Restriction on availment of ITC not appearing in GSTR-2A
  8. Section 54/54F: New residential house need not be purchased by assessee in his own name
  9. What factors can affect your home loan eligibility?
  10. Cash Sale of Car cannot be doubted without inquiry| Addition not justified
View All Latest Posts

Popular Posts

  1. Rates of Depreciation as Per Income Tax Act,1961
  2. Rates of depreciation as per companies act 2013
  3. Tax Benefits Available to Senior Citizens
  4. Reverse Charge Mechanism in GST Regime with Chart – Updated till date
  5. Various Threshold Limits under Income Tax Act [AY 2019-20]
  6. Capital Gain – All you want to know
  7. Allowances / Exemptions Under Income Tax Act, 1961
  8. Gold & Silver rates from 01.04.1981 to 31.03.2019
  9. Statutory and Tax Compliance Calendar for October 2019
  10. Join Online Income Tax Certification Course by TaxGuru Edu (Last Day to Register)
View All Popular Posts

Featured Posts

  1. Income Tax Rates for AY 2020-21 / FY 2019-20
  2. Rates of depreciation as per companies act 2013
  3. Tax Benefits Available to Senior Citizens
  4. Join 1 day workshop on GST Audit & Annual Return
  5. ​International Business- Income Tax Sections to be remembered
  6. Join Online Income Tax Certification Course by TaxGuru Edu (Last Day to Register)
  7. Limitation / Compliance periods Under Income Tax Act,1961
  8. Reverse Charge Mechanism in GST Regime with Chart – Updated till date
  9. Income Tax Provisions applicable to non-residents
  10. Income Tax audit under section 44AB​: FAQs
View All Featured Posts