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GST and Online Gaming in India: Navigating the New Tax Landscape
GST Taxation of Online Gaming: Understanding the New Framework 1. Introduction: The Evolving Taxation Landscape The online gaming industry in India has witnessed exponential growth, attracting million...
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Determining the Nature of Assignment of Leasehold Industrial Property: Supply or Not?
Understanding GST Implications on Assignment of Leasehold Industrial Property1. Introduction to the GST ControversyThe taxation of assignment/sale of leasehold industrial property under the Goods and...
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Legal Principle on Adjournments in Tax Proceedings: Natural Justice Meets Swift Justice
Understanding Section 75(5) of CGST Act: Balancing Natural Justice with Procedural Efficiency 1. Introduction to the Legal Framework The Central Goods and Services Tax Act contains crucial provisions...
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Understanding Supply Classification in GST: Goods vs Services
1. Introduction to Classification under GST The Goods and Services Tax (GST) framework in India requires precise classification of transactions as either supply of goods or supply of services. To elim...
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GST Treatment of Restaurant Services in India
1. Overview1.1 Introduction to Restaurant Services under GSTSince the rollout of Goods and Services Tax (GST) in India in 2017, the hospitality industry, especially the restaurant segment, has undergo...
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GST Implications on Disposal of Capital Goods: Comparative Analysis of Rule 40(2) and Rule 44(6)
Tax Treatment for Sale of Capital Goods Under GST: Comparing Rule 40(2) and Rule 44(6) 1. Introduction to GST on Capital Goods Disposal (i) Basic Principle When an assessee sells capital goods on whic...
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GST Implications on Sale of Developed Land Plots: Analysis of Legal Provisions, CBIC Clarifications, and Gujarat AAR Rulings
GST Implications on Developed Plot Sales: Navigating Regulatory Clarity1. Introduction to the Taxation FrameworkThe application of Goods and Services Tax (GST) on transactions involving developed land...
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EXAMINING THE TAXATION OF PRICE DIFFERENTIALS BETWEEN TRANSACTION VALUE AND MARKET VALUE UNDER GST
1. INTRODUCTION TO THE GST COMPLIANCE LANDSCAPEThe Goods and Services Tax (GST) regime in India has presented numerous challenges for assessees as authorities intensify their scrutiny of returns and d...
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GST IMPLICATIONS FOR RESIDENTIAL HOUSING SOCIETIES AND EXEMPTION PROVISIONS
1. Overview of GST on Housing Society MaintenanceModern residential living increasingly involves housing societies where members contribute maintenance charges for common facilities and services. Thes...
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GST on Rental and Lease Transactions: Residential and Commercial Properties (RCM & FCM)
GST on Property Rentals and Leases: Understanding RCM and FCM Applications1. Introduction to GST Applicability on Property TransactionsThe Goods and Services Tax (GST) framework in India establishes s...
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Entitlement to ITC Refund Under Inverted Duty Structure Prior to July 18, 2022: Judicial Confirmation
1. Judicial Precedents Establishing Refund RightsThe legal position regarding refund claims for Input Tax Credit (ITC) under Inverted Duty Structure (IDS) prior to July 18, 2022, has been conclusively...
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Preparing for a GST Audit: Essential Preparations and Concentration Areas
GST DEPARTMENTAL AUDIT PREPARATION: A COMPREHENSIVE GUIDE1. INITIAL RESPONSE TO AUDIT NOTIFICATIONWhen an assessee receives a GST audit notice, the immediate action should be a thorough examination of...
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Interest on Misused and Utilized Input Tax Credit in GST
Interest on Wrongly Availed and Utilized Input Tax Credit: A Comprehensive Analysis1. Introduction to the Legislative AmendmentThe Central Goods and Services Tax (CGST) Act, 2017 underwent a significa...
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Jurisdictional Limits of AAR & AAAR Concerning Tax Matters Under the Finance Act 1994
Decision OverviewThe Telangana Appellate Authority for Advance Ruling (AAAR), in the case regarding Ms. Maddi Seetha Devi [Order-in-Appeal No. AAAR/03 of 2025 dated February 20, 2025], concluded that...
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Analysis of Indian Medical Association Case: Upholding Mutuality Doctrine - GST Exempted on Club Fees
1. Overview of the Landmark JudgmentThe Kerala High Court delivered a significant ruling favoring the Indian Medical Association (IMA) by declaring Section 7(1)(aa) of the Central Goods and Services T...
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Impact of Bombay High Court's Decision on GST for Development Rights: Reassessing Taxation
Landmark Ruling: Shrinivasa Realcon Pvt. Ltd. vs. Deputy Commissioner, Anti-Evasion BranchUnderstanding the Taxability of Development RightsThe recent judgment by the Bombay High Court in the case Shr...
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Issuance of GST Credit Note for Returned Export Goods After IGST Refund
1. Overview:Exporters often face practical challenges when goods sent overseas return after an IGST refund has been claimed. While issuing a credit note under Section 34 of the CGST Act might seem a f...
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GST on Disposal of Capital Assets with Claimed ITC
Understanding GST on Capital Goods Disposal: Section 18(6) and Rule 44(6)Overview: Under the Goods and Services Tax (GST) framework in India, Section 18(6) of the Central Goods and Services Tax (CGST)...
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Tracking Goods Movement with GST E-Way Bill: Regulations and Requirements
Overview:India's GST framework incorporates the E-Way Bill system, an electronic system developed to oversee the transport of goods valued at over INR 50,000, thereby boosting tax compliance. The E-Wa...
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Disallowance of Input Tax Credit due to Supplier's Tax Default
1. Overview of Input Tax Credit and Compliance MandatesThe purpose of the Input Tax Credit (ITC) mechanism is mainly to eliminate the cascading effect of taxation. However, certain conditions must be...