News Update

Sovereign Gold Bond - Scheme open till Friday; Rs 50 per gram discount offered if payment made in digital modeAnnexure to 11/2017-CTR cries for amendmentApplicant is not allowed to leave live trees intact in the area and hence is bound to cut and remove the wood - transaction is chargeable to GST @18%: AARSubsidy amount received from Govt. for supply of food in Indira Canteens is excluded from definition of consideration: AARSupply of used WTG/Wind Mill with accessories is a composite supply; attracts GST @5%: AARResidential dwelling arranged for Sodexo Food Solutions with facilities is taxable under SAC 997212: AARProduct the applicant is dealing with is undoubtedly sun-cured country tobacco; they are not tobacco leaves which are raw but are cured tobacco attracting GST @28% : AARApplicant developing a Shopping Mall -Being a civil structure, taxes paid on procurement of goods and/or services in its construction are regarded as blocked credits: AARSupply of construction service to land owner in lieu of TDR to promoters is liable to GST @18%: AARLPG Conversion kits attract GST @28%: AARGSTR-3B and Availability of Input Credit - An addendumElderly population to account for 20% by 2050: Health MinisterGlobal economic crisis calls for greater cooperation: FMCus- Demand of duty made by invoking the provisions of section 28, prior to redemption of the goods is totally premature: CESTATCX - Stainless steel pattas and pattis- no evidence that appellant has operated more than two machines in violation of the declaration - SCN is pr esumptive having no legs to stand: CESTATCus- Commissioner has imposed penalty u/s 114A on firm and penalty u/s 112 on proprietor- It is settled law that proprietor and proprietorship firm are a single identity for all purposes: CESTATCX - Structures for which iron and steel items have been used are not integral part of manufacture process yielding sugar and molasses , credit inadmissible: CESTATCX - Even if officers had jurisdiction, a notice should have been issued to such supplier-manufacturer who is alleged to have wrongly assessed and paid excise duty: CESTATCX - Officers at recipient end have no jurisdiction of assessment done by supplier - recipient cannot be expected to understand or anticipate how much duty was actually to be paid by supplier and take credit accordingly: CESTOrder passed by Tribunal without discussing contentions of parties before finalizing the fact of case, is not sustainable: HCReopening of assessment is valid if AO has sufficient material on record to believe that income has escaped being unassessed: ITAT President presents ‘Most Eminent Senior Citizen Award’ to former AG K ParasaranRs 89 Crore IGST Refund claim scam busted in Delhi
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ST se GST tak

GST - Agenda for the second year - Part 35 - ROD Orders - Law-making by administration
Dr G Gokul Kishore
April 29 2019
Retrospective reversal of ITC for real estate sector - An 'unreal' welfare?
Puneet Bansal
April 26 2019
GST - Agenda for the second year - Part 34 - Representation before GST Council - Not amenable to writ?
Dr G Gokul Kishore
April 23, 2019
Residential Realty Sector - Can basic prices be increased to offset loss?
S Sivakumar
April 22, 2019
GST - Agenda for the second year - Part 33 - Input Tax Credit-Time to relax time-limit
Dr G Gokul Kishore
April 15, 2019
New GST regime for Realty - need to relook at existing business models
S Sivakumar
April 09, 2019

GST - Agenda for the second year - Part XXXII - Realty show - Transition to complex GST regime
Dr G Gokul Kishore
April 08, 2019

GST Rate changes for Real Estate - An overview
Ankit Kanodia
April 05, 2019
Pay in lieu of serving notice period - ST/GST implication
Abhijit Saha
April 03, 2019

GST levy on Realty Sector w.e.f 1st April - some major ramifications
S Sivakumar & R Vaidyanathan
April 02, 2019

GST - Agenda for the second year - Part XXXI - Loyalty schemes - Actionable claim under GST?
Dr G Gokul Kishore
April 01, 2019