GST on services provided by clubs and co-operative societies to its members This is to apprise you regarding levy of GST on transactions between clubs and co-operative societies vis-à-vis their members. Background The exigibility of tax on services rendered by clubs...
Moving the immovables – A GST credit perspective Taxation Laws and commercial realities often coincide. This is mostly due to evolving businesses, innovative ideas, changing operation structures etc. which cannot be put to brackets created by the statutes. The...
High Court holds transitional credit can be carried forward only within stipulated time limit (after retrospective amendment) In another twist to tale of transitional credit, the Madras High Court in the case of P.R Mani Electronics v. UOI, 2020-VIL-308-MAD has held...
Judgment Update | Larger Bench of CESTAT holds foreclosure charges not exigible to Service Tax This is to apprise you regarding recent decision of Larger Bench of CESTAT in the case of REPCO Home Finance Limited v. Commissioner, 2020-VIL-309-CESTAT-CHE-ST. The Larger...
Judgment Update | Classification of alcohol-based Hand Sanitizers under GST This is to apprise you on recent ruling of the Authority for Advance Ruling, Goa (‘AAR’) in the case of Springfields (India) Distilleries, 2020-VIL-188-AAR. The AAR held that alcohol-based...
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