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...

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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...

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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 […]...

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