‘GST applies to 1-time maintenance deposit flat buyers pay builders’The AAR bench, though, added the amount will be subject to GST at the time of actual supply of service—when maintenance services or repairs...
Tough to claim input tax credit for donated goodsGST authorities have, based on the facts of the case, denied ITC claims, especially when the company was not distributing its own products.
Cash CSR donations face GST implicationsTax liability arises as legal definition of charitable activities is very specific
CAs across India request Modi govt to rein in tax officialsTax officials have been directed to take “all possible actions” to boost collection of direct taxes.
Taxman issues prosecution notices to MNCs to meet steep revenue targetsExperts say mechanical approach led to slapping of notices even for small tax issues.
‘CBDT acting against taxpayers’ interest’In its action plan for the current financial year, the CBDT has offered incentives by way of performance credits to CITs-A for each ‘qualit...
No GST on housing society maintenance up to Rs 5,000Maintenance charges are collected by a co-operative housing society for purposes like providing security, lift upkeep, maintenance of commo...
Impact of GST on higher educational institutes decodedEven as private higher educational institutions are emerging, these are forced to continue to operate under the umbrella of 'not-for-profit...
E-way bills may make GST highway bumpyUpon generation of the e-way bill on the GSTN portal, a unique e-way bill number hall is now available to the supplier, the transporter and...
GST: India Inc faces complex input tax creditUnder the matching concept provisions, the onus continues to remain on the buyer to check whether the seller has paid GST.
Amenities to employees outside CTC may trigger GST liabilityGST would be payable by the company if there is a supply to an employee of free goods and services over and above the CTC, which is a stipu...
Now, 15% service tax on music, e-books sold on foreign portalsThe crux of the amendment by Central Board of Excise and Customs is the change in the definition of 'place of provision of service'.
Model GST draft puts onus on buyerITC is the amount of tax paid by the buyer on purchases made by him for which the buyer is entitled to claim a credit against the sales sub...
retrospective tax impact of Krishi Kalyan Cess worries India IncWhile India Inc has made representations in this regard, till date a clarification has not been issued by the Central Board of Excise and C...
No service tax on 'charitable' yoga incomeThere's good news on the tax front for yoga gurus who carry on their activities via charitable trusts. Income of such trusts from yoga-rela...