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THE AAR SCHEME
Businesses can claim input tax credit on goods given as incentives to dealers, says GST AAROrient Cement Ltd had approached the AAR seeking ruling in whether ITC can be claimed on distribution of gold coins and white goods to its ...- Biz can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AARThe Karnataka-bench of the Authority for Advance Ruling (AAR) has ruled that businesses can claim input tax credit on items like gold coins...
- How to resolve mushrooming GST disputesUnder GST, disputes arise from differences in tax paid by the assessees and the computation of tax liability by authorities.
- Gift or not? The confusion over GST on promotional schemes run by businessesWhile the term ‘business’ has been defined under the Central Goods and Services Tax Act, 2017 (the CGST Act), there is no definite yardstic...
- Budget has to fix Indian taxpayers' nagging dispute management issue for realUnion Budget 2023: The multiple initiatives announced clearly reflect the government’s intent to address the malaise. However, on-the-groun...
- Bibek Debroy decodes the curious case of tax on pizza toppingsWhat is the GST rate on pizzas? There isn't one. That's the point. The GST rate on pizza bread - note the expression - is 5%. But if it is ...
- No GST on hospital services under membership plansThe ruling came in response to an application by Divyajivan Healthcare LPP. It had approached the AAR seeking clarity on levy of GST on a m...
- No GST on healthcare services under membership plans by multi-super speciality hospitals: AARThe Gujarat Authority for Advance Ruling (AAR) has held that healthcare services, where multi-super specialty hospitals take a lump-sum amo...
- Bombay HC rules in favour of ADIA, sets aside AAR rulingThe AAR scheme was introduced under the Income Tax Act to provide the facility of ascertaining the income-tax liability of a non-resident, ...
- GST on Diwali gifts: Companies could see implications on gifts doled out to customers, retailersCompanies often come up with these schemes for their retailers too to push sales. In other cases, these promotional goods and schemes are f...
- I-T Dept allows revision of declarations filed under 'Vivad Se Vishwas' schemeIssuing a set of FAQs on 'Vivad Se Vishwas' scheme, the Central Board of Direct Taxes (CBDT) also said the scheme cannot be availed in a ca...
- Authority of Advance Ruling disputes not within Vivad Se Vishwas ambitCBDT issued a set of 55 questions and answers on Thursday to clarify various aspects of the tax amnesty scheme, which allows taxpayers to s...
- OTIS Elevators buyback deal: AAR denies capital gains tax exemptionThe transaction between the Indian company and OTIS Mauritius, according to The AAR, was designed to avoid tax in India.
- AAR ruling sparks off debate on tax treatment in cross-border dealsAAR's ruling marks a departure from the Supreme Court's verdict in the Azadi Bachao Andolan case that dealt with the Indo-Mauritius tax tre...
- Sanofi's Shantha buyout to attract cap gains taxFrench company Merieux Alliance (MA) held majority stake in Shantha through a subsidiary, ShanH, incorporated outside India.
- Direct Tax Code looks to create a level-playing fieldThe revised discussion paper (RDP) on Direct Tax Code seeks to settle the current ambiguity by clarifying the character of income earned by...
- Corporate business restructuring gets a tax fillipThe Authority for Advance Ruling (AAR) held that restructuring of businesses cannot be construed as an exercise for avoiding tax in India.
- Foreign cos' income from interest on bonds taxable: AARForeign firms may now have to think twice before advancing money to Indian firms by subscribing to their bonds because a recent ruling by a...
- Foreign pension funds must pay taxOverseas pension funds, particularly those based in the US, now face a tax demand in India.
- Fidelity Group eyes tax gains for 40 more schemesUS-based Fidelity Group, one of the largest foreign investors in Indian stocks, has put to test the tax treatment of income from trading in...
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