ITC on construction of building used for further letting out

ITC on construction of building used for further letting out

This is to apprise you about a recent judgement of Orissa High Court in the case of Safari Retreats Private Limited v. UOI, 2019-VIL-223-ORI. The High Court was dealing with the issue of availability of ITC on construction of building used for further letting out.In...

AAR Update | Allocation of expenses by Head Office as supply

AAR Update | Allocation of expenses by Head Office as supply

This is to apprise you regarding the recent Maharashtra Advance Ruling in the case of Cummins India Limited, 2019-VIL-62-AAR. In this case, the Authority for Advance Ruling (‘AAR’) inter-alia held that the activity of allocation of expenses relating to...

Fiscal incentives granted by various State Governments

Fiscal incentives granted by various State Governments

Due to the federal governing structure in India, the State Governments (in addition to the Central Government) continue to scale up the level of industrialization in their region. To attain this objective, the State Governments formulate industrial policies and offer...

34th GST Council Meeting dated March 19, 2019

34th GST Council Meeting dated March 19, 2019

The GST Council in its 34th Meeting held on March 19, 2019, discussed the modus operandi for implementation of lower GST rate of 1 percent on Affordable houses and 5 percent on houses other than Affordable houses (‘Other houses’) for ongoing and new...

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