TAXABILITY OF TRANSFERABLE DEVELOPMENT RIGHTS

Ever since the concept of taxation evolved, the tax authorities have viewed the real estate sector as “the goose that lays golden eggs”. The nature of real estate is such that it can neither be covered under movable assets (Goods) nor services. The ever evolving, multi-faceted layers of transactions and arrangements in this sector have … Read more

GST and JOHNNY- UPDATE No.88

This papa: -As we know that the department has also started verifying the e-way bills issued in a particular period with the invoices issued in that period. To keep a check on the e-way bills, there is no such facility to download the consolidated report of e-way bills issued in a respective period on the … Read more

Categories GST

Whether cash underlying in electronic cash ledger amounts to payment of tax without fulfilling any offsetting requirement?

Since July 2017, implementation of GST in India is successful due to GSTN. But still there are many issues and scope of improvement in functioning and technical performance of GSTN. Taxpayers face numerous problems while filing returns, statements, replying to SCNs etc on online portal. Time and again, taxpayers have made representations to the government … Read more

GST Update on divergent rulings on printing to be considered as supply of goods or services

Printing Industry is a very wide Industry ranging from Newspapers to Commercial Books and Periodicals. The present update seeks to discuss about the divergent advance rulings pronounced by different AARs in the case of same assessee, M/s Macro Digital Imaging Pvt Ltd. where the applicant is registered in different States. On the first occasion, the … Read more

GST and JOHNNY- UPDATE No.80

This papa: – Exporters are facing acute crunch of working capital as they continue to experience refund issues in the post-GST regime with the government inserting rules retrospectively and taking a rigid stance on how certain policies should be implemented. One of the problems faced recently in case of refund in GST is as follows- … Read more

GST UPDATE ON VALIDITY OF THE CONSTITUTION OF AAR & AAAR

The Authority for Advance Ruling under GST is constituted in terms of provisions contained in section 96 of the CGST Act, 2017 read with Rule 103 of the CGST Rules, 2017 wherein the government appoints officers not below the rank of Joint Commissioner as member of the Authority for Advance Ruling (AAR). Similarly, the Appellate … Read more