GST
GST is applicable on transfer of title without affecting the delivery of goods – Tamilnadu Advance Ruling Authority
AAR (Advance Ruling) Case
Law Details
Applicant Name : Automative
Components Technology India Private Limited
Appeal Number : Order No. 05/ARA/2020
Date of Judgement/Order : 31/01/2020
Courts : AAR Tamilnadu (96) Advance Rulings (1253)
Question(s) on which Advance Ruling was sought...
Income Tax
TDS provision under GST
TDS provision under
GST
There are certain category of persons for whom registration under
GST act is mandatory irrespective of their turnover limits as specified in
Section 22. These categories have to get register themselves on mandatory basis
under...
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Ordinance for extension of time limits under Taxation and Benami Act
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures taken by the Government of India in view of COVID-19 outbreak vide Press Release dated 24.03.2020, especially on...
GST
Transfer of ITC in case of business reorganization
Transfer
of ITC in case of sale, merger, demerger amalgamation, lease or transfer of
business:-
As per section 18(3) of CGST Act, 2017 in
case of change in the constitution of registered person on account of sale,
merger, demerger,...
Income Tax
Clarification regarding Set-aside matters under Direct Tax Vivad Se Vishwas Act-2020
Guided by “Sabka Saath, Sabka Vikas, Sabka Vishwas”, the Finance Minister Smt. Nirmala Sitharaman had introduced a new No Dispute but Trust Scheme – ‘Vivad Se Vishwas’ in the Budget 2020 in the Lok...
GST
Restriction in Availment of Credit in terms of sub rule (4) of rule 36 of CGST Rules,2017
As per CGST Rule 36(4) : Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 % of the eligible...
Top News
Streedhan, Pin Money and NRI Savings during Demonetization period.
When PM Modi announced that Rs with the denomination of 500/- and 1000/- would cease to be the legal tender from 9th of Nov, the whole country was stunned. This decision caused sensation in...
GST
Full ITC cannot be availed when payment is netted off against receivables for the supplies made between Branch and HO
Authority for Advance Ruling (AAR Tamilnadu) pronounced in case of M/s. Sanghvi Movers Ltd. that full ITC cannot be availed by registered branch office for the services procured from HO where payments are netted off...
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