SlideShare a Scribd company logo
February 2023
© Economic Laws Practice Page | 2
Taxation Update
Contents
NOTIFICATION/CIRCULARS......................................................................................................................................................3
RECENT CASE LAWS ................................................................................................................................................................5
Whether service tax paid on re-insurance premium on invoices issued by other insurance companies under a pooling
arrangement should be allowed as input service credit?................................................................................................................ 5
No illegality in credit availed by insurance company on payment made to auto-dealers towards infrastructure-support............. 6
Whether the assessee providing the service of marketing and market research to overseas recipient would qualify as an
intermediary?.................................................................................................................................................................................. 6
Whether the appellants are eligible for the refund of unutilised credit under Rule 5 ibid read with Notification No.
27/2012-CE(NT) dated 18.06.2012?................................................................................................................................................ 6
RECENT ADVANCE RULINGS ....................................................................................................................................................8
Whether the supply of goods or services for 'setting up of network' would qualify as 'works contract'? ...................................... 8
What is the rate of tax applicable to the supplies made under the contract? ................................................................................ 8
Whether GST is applicable on advances received towards sale of site ........................................................................................... 8
© Economic Laws Practice Page | 3
Taxation Update
NOTIFICATION/CIRCULARS
S. No Reference Particulars
GST
1 Notification No.
01/2023- Central Tax
dated 28.02.2023
Vide this notification, the Explanation given under Notification No. 13/2017
dated 28.06.2017 in clause (h) has been expanded to include “Courts and
Tribunals” as well.
2 Notification No.
02/2023- Central Tax
dated 28.02.2023
▪ Vide this notification, clause (iva) is inserted under the Explanation to
Notification No. 12/2017 dated 28.06.2017 which clarifies that “any
authority, board or body set up by the Central Government or State
Government including National Testing Agency for conduct of entrance
examination for admission to educational institutions shall be treated as
educational institution for the limited purpose of providing services by way
of conduct of entrance examination for admission to educational
institutions.”
3 Notification No.
03/2023- Central Tax
dated 28.02.2023.
Notification No.
04/2023- Central Tax
dated 28.02.2023
The following rate changes have been made with effect from 01.03.2023:
▪ Exemption has been granted to “Rab, other than pre-packaged and labelled”
▪ “Rab, pre-packaged and labelled” is classifiable under heading 1701/1702
and is liable to 5% GST under S. No. 91A in Schedule I of Notification No.
1/2017-CT(R) dated 28.06.2017.
“Pencil Sharpeners” is classifiable under heading 8214 and is liable to 12% GST
under S. No. 186A in Schedule I of Notification No. 1/2017-CT(R) dated
28.06.2017.
FOREIGN TRADE POLICY
4 Notification No.
59/2015-2020 dated
21.02.2023
The import policy condition of cashew kernels (broken/whole) has been
amended as under:
Description and
ITC (HS) Code
Existing
Import Policy
Revised Import Policy
Cashew kernel,
broken
(08013210)
However,
import is free
if CIF value is
above INR
680/- per Kg.
1. However, import is free if CIF value is
above INR 680/- per Kg.
2. MIP conditions, however, shall not be
applicable for imports by 100%
Export Oriented Units (EOUs) and
units in the SEZ.
3. SEZs and EoUs units shall not be
allowed to sell the imported Cashew
Kernels into Domestic Tariff Area
(DTA).
Cashew kernel,
whole
(08013220)
However,
import is free
if CIF value is
above INR
720/- per Kg.
1. However, import is free if CIF value is
above INR 720/- per Kg.
2. MIP conditions, however, shall not be
applicable for imports by 100%
Export Oriented Units (EOUs) and
units in the SEZ.
3. SEZs and EoUs units shall not be
allowed to sell the imported Cashew
Kernels into DTA.
© Economic Laws Practice Page | 4
Taxation Update
S. No Reference Particulars
Effect of this Notification: Minimum Import Price (MIP) on Cashew kernel
(broken/whole) will not be applicable for imports by 100% Export Oriented Units
(EOUs) and units in the SEZs subject to the condition that the imported Cashew
Kernels are not sold into DTA.
5 Notification No.
56/2015-2020 dated
07.02.2023
Vide this notification, an entry has been inserted at serial no. (6) in para 4.42 of
Foreign Trade Policy, 2015-20 in order to add Gemological Science International
(GSI) Pvt. Ltd., Mumbai, Maharashtra, India as an agency permitted to import
diamonds for certification/grading & re-export.
6 Public Notice No.
58/2015-2020 dated
24.02.2023
Directorate General of Foreign Trade (DGFT) gives relaxation in procedure in
respect of acceptance of fee for excess duty utilization under the EPCG Scheme.
To facilitate the Ease of Doing Business, it has been decided to permit the RAs to
allow the authorization holder to furnish additional fee to cover excess duty
utilized for the EPCG authorizations issued under the FTP 2009-14 (extended up
to 31.03.2015) also at the time of application of EODC subject to the condition
that excess duty utilized was not more than 10% of duty saved value of the
authorization.
Effect of this Public Notice: One time relaxation is granted in submission of
additional fee to cover excess duty utilized in Export Promotion Capital Goods
(EPCG) authorizations issued under Foreign Trade Policy (2009-14) (extended up
to 31.03.2015).
CENTRAL EXCISE
7 Notification No.
08/2023 - Central
Excise dated
15.02.2023
There is a change in the special additional excise duty rate of petroleum crude
and aviation turbine fuel.
The rate of duty is as below:
Product Rate
Petroleum crude INR 4,350/- per ton
Aviation Turbine Fuel INR 1.5/- per liter
8 Notification No.
09/2023 - Central
Excise dated
16.02.2023
There is a change in the special additional excise duty rate of High speed diesel
oil. The rate of duty is INR 1/- per liter.
© Economic Laws Practice Page | 5
Taxation Update
RECENT CASE LAWS
Whether service tax paid on re-insurance premium on invoices issued by other insurance
companies under a pooling arrangement should be allowed as input service credit?
Commissioner of Central Goods and Service Tax vs Shriram General Insurance Company Ltd.
▪ [Special Leave Petition Civil Diary No. 4928-2023]
FACTS OF THE CASE
▪ The assessee is an insurance provider which has a pooling agreement with other insurance companies for re-
insuring its policies after issuance of an insurance policy to the insured. The assessee had been depositing its
service tax on the amount of insurance premium. In the process, the assessee had availed CENVAT Credit of input
services, based on the invoices issued by other insurance companies with whom the assessee had a pooling
agreement.
▪ In the process the assessee had availed amount of input service credit based on invoices issued by other insurance
companies with whom the assessee had a pooling agreement. The Commissioner was of the opinion that the
assesseee was not entitled to claim such credit as the term input service as contained in Rule 2(l) of the CENVAT
Credit Rules, 2004 and came to the conclusion that the assessee was not entitled to claim such credit on input
service.
▪ Thereafter, the assessee carried the matter in appeal. The Hon’ble Tribunal allowed the appeal relying upon the
decision of Division Bench of the Karnataka High Court in case of Commissioner of Central Excise, Bangalore Vs.
PNB Metlife India Insurance Co.Ltd. reported in (2015) 51 GST 504 (Karnataka). The Hon’ble Karnataka High Court
had noted that the process of issuance of an Insurance Policy by the Insurer and subsequent procurement of re-
insurance policy from another company (which is a statutory requirement u/s 101A of the Insurance Act, 1938) is
an integral part of the total process of issuing the insurance policy. Therefore, such reinsurance being co-terminus
with the insurance policy, the Karnataka High Court held that issuance of insurance policy by insurer, and then
taking of re-insurance by it, is a continuous process. Therefore, the same same would not be an input service
eligible for CENVAT credit within the meaning of Rule 2(1) of the CENVAT Credit Rules, 2004.
▪ Furthermore, the Hon’ble Tribunal clarified that creation of an insurance pool was as per the directions of the
Insurance Regulatory Development Authority (IRDA), whereby all general insurers were directed to collectively
participate in a pooling arrangement to share all motor third party insurance business underwritten by any of the
registered general insurers. Aggrieved by the decision of Customs, Excise & Service Tax Appellate Tribunal
(“CESTAT”), Revenue appealed before the Rajasthan High Court.
▪ The Hon’ble Rajasthan High Court in its judgment observed that in pursuance to the directions issued by the IRDA
in exercise of powers conferred under Section 34 of the Insurance Act, all general insurance companies in India
entered into an agreement for creating the insurance pool. These directives had statutory force and the act of the
insurance companies to create such a pool was not a voluntary act.
▪ Furthermore, the Hon’ble Rajasthan High Court while noticing the definition of the term ‘reinsurance’ under
Section 2(16B) of the Insurance Act, 1938 observed that the Tribunal was of the correct opinion that this pooling
system is nothing but a form of re-insurance. Moreover, Section 101A of the Insurance Act, 1938 makes it
compulsory for every insurer to re-insure such percentage of the sum insured on each policy as may be specified
by the authority with previous approval of the Central Government. Therefore, the bench held that the tribunal
correctly held that the entire situation is revenue neutral, and this pooling system is nothing but a form of re-
insurance. Accordingly, the appeal was dismissed. Thereafter the department filed a Special Leave Petition before
the Hon’ble Supreme Court
JUDGMENT
▪ Upon considering the judgment of Hon’ble Rajasthan High Court, the Hon’ble Supreme Court dismissed the
departments petition by holding that “This Court is of the opinion that the order impugned does not call for
interference. The Special Leave Petition is, accordingly, dismissed.”
© Economic Laws Practice Page | 6
Taxation Update
No illegality in credit availed by insurance company on payment made to auto-dealers
towards infrastructure-support
ICICI Lombard General Insurance Company Ltd. v. Commissioner of CGST and Central Excise, Mumbai Central
[Service Tax Appeal No. 89570 of 2018 – CESTAT, Mumbai]
FACTS OF THE CASE
▪ The Appellant is a general insurance company, inter alia, engaged in the business of providing insurance services
in respect of automobiles. In furtherance of its business of providing motor vehicle insurance, the Appellant
followed the practice of availing CENVAT credit of the Service Tax paid as against the facilitation fees charged by
the motor vehicle dealers for providing the infrastructure and support services to the Company.
▪ The said Service Tax paid was being denied and sought to be recovered along with interest and penalty amounting
to Rs.135,72,98,778/- vide the Show Cause Notice No. 106/2015 dated 17.10.2015 (“SCN”) issued to the
Appellant. Thereafter, the Order in Original No. 15/COMMR/(Dr.KNR)/CGST&CEX/MC/2018 dated 15.02.2018
was issued in the matter denying the claim for CENVAT credit of the Service Tax paid by the Appellant and
confirmed the demand of Service Tax, interest and penalty.
▪ Accordingly, the Appellant filed an appeal against the impugned order before the Customs, Excise & Service Tax
Appellate Tribunal (“CESTAT”), Mumbai vide Service Tax Appeal No. 89570 of 2018 so as to take the CENVAT credit
of the Service Tax paid.
JUDGMENT
▪ The Hon’ble tribunal while setting aside the impugned order observed that it is an undisputed fact that the
automotive dealers had paid service tax on the nature of services described in the invoices issued to the Appellant;
that payment of service tax by such dealers have been accepted by the service tax authorities having jurisdiction
over their business premises. Since, the service tax paid by such dealers was availed as Cenvat credit by the
appellant, availment of such credit is in conformity with the Cenvat statute.
▪ Furthermore, the Hon’ble Tribunal relied upon the judgement passed on similar facts by a co-ordinate Bench of
the Tribunal in the case of M/s. Cholamandalam General Insurance Co. Ltd. v. The Commissioner of G.S.T. &
Central Excise, Chennai [2021 (47) G.S.T.L. 263 (Tri.-Chennai)] where it was held that since the service tax was
paid by the auto dealer, under the taxable head of “Business Auxiliary Service” and the assessment of auto dealer
has not been re-opened or questioned, the credit availed cannot be denied to the insurance company.
▪ Reliance was also placed on CCE&C v. MDS Switchgear Ltd. [2008 (229) E.L.T. 485 (S.C.)], wherein it was held that
once the tax liability has been discharged and accepted by the Department, the consequential Cenvat credit
cannot be denied at the recipient’s end.
▪ On the question of violation of Section 40 of the Insurance Act, 1938, the Hon’ble Tribunal placed reliance on the
Letter dated 12.08.2015 issued by the Insurance Regulatory Development Authority (IRDA), clarifying the position
that outsourcing of the non-core activities by insurance companies is permissible. Hence, in this context, the law
is well settled that when a competent authority has issued an opinion on a particular matter, the same shall be
binding and cannot be questioned by the other agencies.
Whether the assessee providing the service of marketing and market research to overseas
recipient would qualify as an intermediary?
Whether the appellants are eligible for the refund of unutilised credit under Rule 5 ibid read
with Notification No. 27/2012-CE(NT) dated 18.06.2012?
▪ Idex India Private Limited vs Commissioner of CGST, Mumbai East
▪ [Service Tax Appeal No. 86812 of 2019 – CESTAT, Mumbai]
FACTS OF THE CASE
© Economic Laws Practice Page | 7
Taxation Update
▪ The assessee is into the business of providing services related to software development and IT enabled services.
They are providing Business Support Services to its overseas holding company, M/s. Idex Corporation, USA and
its subsidiaries such as Idex, Japan etc.
▪ The holding company carries out the activity of manufacturing and selling precision engineered products through
its various business units worldwide and the assessee these units by rendering the services viz. Marketing and
Promotion Services, Engineering Support Services to the distributors/customers and Accounting & Management
Reporting Services.
▪ In order to avail the unutilized accumulated CENVAT credit the assessee filed refund claims under Notification
No. 27/2012-CE(NT) dated June 18, 2012, read with Rule 5 for the period in dispute (April, 2015 to June, 2016).
Thereafter, the Adjudicating Authority vide Order-in-Original dated 31.05.2017 rejected the refund claims filed
by the appellant on the ground that the services provided by the appellants to their clients cannot be treated as
export of service as provided under Rule 6A of the Service Tax Rules and therefore they are not eligible for refund
of the CENVAT Credit lying in balance under the provisions of Rule 5.
JUDGMENT
▪ On the first issue, the Hon’ble Tribunal observed that an “intermediary” is someone who arranges or facilitates
the supplies of goods or services or securities between two or more persons. It is thus necessary that the
arrangement requires a minimum of three parties, two of them transacting in the supply of goods or services or
securities (main supply) and one arranging or facilitating the said main supply. Therefore, an activity between
only two parties cannot be considered as an intermediary service.
▪ The Hon’ble Tribunal relying upon the guidance note dated 20.06.2012 issued by CBIC and a similar clarification
issued by the CBIC on 21.09.2021 under GST regime observed that there is no doubt that in cases wherein the
person supplies the main supply either fully or partly, on principal-to-principal basis, the said supply cannot come
with the ambit of “intermediary”.
▪ Furthermore, the Hon’ble Tribunal observed that sub-contracting for a service is also not an intermediary service.
The supplier of main service may decide to outsource the supply of main service, either fully or partly, to one or
more subcontractors. Such sub-contractor provides the main supply, either fully or a part thereof and does not
merely arrange or facilitate the main supply between the principal supplier and his customers and therefore
clearly not an intermediary.
▪ Coming on to the second issue, the Hon’ble Tribunal observed that Rule 5 lays down how to determine the
quantum of admissible refund from the accumulated CENVAT credit. It cannot be considered to be a proceeding
for denial of CENVAT credit available in the account of the claimant and therefore even if the refund is denied,
then also the amount continues to remain in the CENVAT account of the claimant.
▪ Furthermore, the Hon’ble Tribunal observed that if the Revenue is not in agreement with the claims of the
assessee and if, according to Revenue, the services in issue do not fall within the ambit of ‘export of service’ then
the Revenue ought to have initiated the proceedings against the assessee for demanding the Service Tax in
respect of taxable service provided by the assessee. Since, no such proceedings have been initiated by the
Revenue as borne out from the records of the case, therefore in a way Revenue itself has allowed this taxable
service provided by assessee as ‘export of service.’ If that is so then in the proceeding under Rule 5 ibid Revenue
cannot deny refund by treating the service provided not to be export of service.
© Economic Laws Practice Page | 8
Taxation Update
RECENT ADVANCE RULING S
Whether the supply of goods or services for 'setting up of network' would qualify as 'works
contract'?
What is the rate of tax applicable to the supplies made under the contract?
▪ In the matter of Sterlite Technologies Ltd.
[TS-45-AAAR(MAH)-2023-GST]
FACTS OF THE CASE
▪ Applicant is engaged in manufacturing of telecom products (such as optic fiber, optic fiber cable. etc.) and services
in relation to laying of these optic fiber cables (either underground or hung overhead) to create a network, setting
up of control centres, installation of equipment, commissioning of network and other ancillary activities that may
be necessary for creation of network infrastructure for its customers in the telecom industry.
▪ The applicant had filed the application to seek advance ruling on (a) Whether the supply of goods or services for
'setting up of network' would qualify as ‘works contract’ as defined in Section 2(119) of the CGST Act? and (b) If
supplies contemplated as per the contract with BSNL are not treated as works contract can these continue to
qualify as composite supply? If yes what is the principal supply?
▪ The Appellant claimed that creation of said network fulfils all other ancillary parameters necessary for an activity
to qualify as works contract. The Appellant also referred to Notification No. 11/2017-Central Tax (rate) dated June
28. 2017 (as amended from time to time) and submitted that the works contract to be undertaken by it is covered
under Entry No. 3(vi)(a) of the rate Notification to attract GST at the rate of 12%.
▪ However, the view of Authority for Advance Ruling (AAR) was different as in Order No. March GST-ARA-106/2018-
19/B-34 dated 28, 2019 it was ruled that the supply of goods or services for 'setting up of network' would qualify
as a composite supply of works contract' as defined under Section 2(119) of the CGST Act and Activities of the
Appellant are covered by sub-clause Notification (ii) of Entry No. 3 of the Rate and attract GST at the rate of 18%.
AAAR RULING
▪ The Authority observed that the network is intended to be used for war fighting operations of the Indian Navy
and therefore, the required works contract is set up with the predominant purpose of defence. In such a case, the
said works contract is undertaken for a predominant purpose other than commerce, industry, business or
profession.
▪ Therefore, Maharashtra Appellate Authority for Advance Ruling (AAAR) modified AAR and observed that supply
as a sub-contractor for ‘setting up of network’ on behalf of Bharat Sanchar Nigam Limited (BSNL) for the Indian
Navy is taxable at 12% (for period April 2019 to December 31, 2021) under entry at serial number 3(vi)(a) of
Notification No.11/2017-CT (Rate) dated June 28, 2017.
Whether GST is applicable on advances received towards sale of site
▪ In the matter of Rabia Khanum
[TS-55-AAAR(KAR)-2023-GST]
FACTS OF THE CASE
▪ The applicant owns three acres of land and intends to convert the said land for residential usage and form small
plots and sell them to individuals after obtaining necessary permission from the concerned authorities. In order
to obtain a sanction, the applicant will develop the land with basic amenities which are required for human
inhabitation.
© Economic Laws Practice Page | 9
Taxation Update
▪ The applicant sought a ruling on whether GST is applicable on (a) consideration received on sale of sites; (b)
advances received towards sale of site; (c) sale of plots after completion of works related to basic necessities.
▪ The AAR in ruling no. KAR ADRG 31/2022 held the answer to all the above question in the negative. Aggrieved by
this ruling, the jurisdictional CGST officer has filed the appeal on the ground that the GST is payable on entire
consideration received by the developer even after completion, if the agreement is entered into before
completion. GST is also payable on the advance received towards sale of site in terms of Section 12(b) of CGST Act
at 18% on the gross value.
AAR RULING
▪ The AAAR rejected the appeal filed by the Assistant Commissioner of Central Tax and upheld the ruling of AAR.
▪ Further, the AAAR observed that the owner of the land is developing the land not at the behest of the buyer and
not because the purchaser has requested for any service from him but because it is required by law for the seller
to develop the land in order to sell plots.
▪ Further, it was observed that the title of plot will only be transferred after the completion certificate is granted by
the concerned authority. Also, the developed area such as drainage, developed roads etc. are not transferred to
the buyers which means the consideration received by the seller before or after the completion of development
is only for the sale of plot as no service is provided to the buyer.
We hope you have enjoyed reading this update. For further information please write to us at insights@elp-in.com
or connect with our authors:
Stella Joseph - Partner- Email - StellaJoseph@elp-in.com
Rushil Shah – Senior Associate - Email - RushilShah@elp-in.com
Pulkit Devpura – Associate -Email - PulkitDevpura@elp-in.com
© Economic Laws Practice Page | 10
Taxation Update
Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice.
Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice

More Related Content

Similar to NAVIGATING GST 2-0.pdf

Newsletter on daily professional updates- 23/03/2020
Newsletter on daily professional updates- 23/03/2020Newsletter on daily professional updates- 23/03/2020
Newsletter on daily professional updates- 23/03/2020
CA PRADEEP GOYAL
 
Daily Newsletter 01.10.2020
Daily Newsletter 01.10.2020Daily Newsletter 01.10.2020
Daily Newsletter 01.10.2020
CA PRADEEP GOYAL
 
Tax INFORM- December 2022
Tax INFORM- December 2022Tax INFORM- December 2022
Tax INFORM- December 2022
Fox Mandal & Associates
 
Acquisory news-bytes-14th-15th-june-2017
Acquisory news-bytes-14th-15th-june-2017Acquisory news-bytes-14th-15th-june-2017
Acquisory news-bytes-14th-15th-june-2017
Acquisory Consulting LLP
 
Newsletter on daily professional updates- 18th September 2019
Newsletter on daily professional updates- 18th September 2019Newsletter on daily professional updates- 18th September 2019
Newsletter on daily professional updates- 18th September 2019
CA PRADEEP GOYAL
 
Snr budget 2020 indirect tax proposals
Snr budget 2020   indirect tax proposalsSnr budget 2020   indirect tax proposals
Snr budget 2020 indirect tax proposals
CA Dinesh Singhal
 
Newsletter november 2015 - - issue no.2
Newsletter   november 2015 - - issue no.2Newsletter   november 2015 - - issue no.2
Newsletter november 2015 - - issue no.2
oswinfo
 
Newsletter on daily professional updates- 14th September 2019
Newsletter on daily professional updates- 14th September 2019Newsletter on daily professional updates- 14th September 2019
Newsletter on daily professional updates- 14th September 2019
CA PRADEEP GOYAL
 
Newsletter on daily professional updates- 03/04/2020
Newsletter on daily professional updates- 03/04/2020Newsletter on daily professional updates- 03/04/2020
Newsletter on daily professional updates- 03/04/2020
CA PRADEEP GOYAL
 
Tax weekly 19 july-2020- N Pahilwani and Associates
Tax weekly 19 july-2020- N Pahilwani and AssociatesTax weekly 19 july-2020- N Pahilwani and Associates
Tax weekly 19 july-2020- N Pahilwani and Associates
Nitin Pahilwani
 
Snr gst update
Snr gst updateSnr gst update
Snr gst update
CA Dinesh Singhal
 
SNR GST Tax Bulletin June 2022.pdf
SNR GST Tax Bulletin June 2022.pdfSNR GST Tax Bulletin June 2022.pdf
SNR GST Tax Bulletin June 2022.pdf
CA Dinesh Singhal
 
Budget_Booklet_2022-23pdf
Budget_Booklet_2022-23pdfBudget_Booklet_2022-23pdf
Budget_Booklet_2022-23pdf
Mitesh Katira
 
Newsletter on daily professional updates- 16/04/2020
Newsletter on daily professional updates- 16/04/2020Newsletter on daily professional updates- 16/04/2020
Newsletter on daily professional updates- 16/04/2020
CA PRADEEP GOYAL
 
VGGlobal - Highlights of union budget 2015
VGGlobal -  Highlights of union budget 2015VGGlobal -  Highlights of union budget 2015
VGGlobal - Highlights of union budget 2015
Jatin Gupta
 
Newsletter on daily professional updates- 29/02/2020
Newsletter on daily professional updates- 29/02/2020Newsletter on daily professional updates- 29/02/2020
Newsletter on daily professional updates- 29/02/2020
CA PRADEEP GOYAL
 
Newsletter on daily professional updates- 22/01/2020
Newsletter on daily professional updates- 22/01/2020Newsletter on daily professional updates- 22/01/2020
Newsletter on daily professional updates- 22/01/2020
CA PRADEEP GOYAL
 
Newsletter on daily professional updates- 08/04/2020
Newsletter on daily professional updates- 08/04/2020Newsletter on daily professional updates- 08/04/2020
Newsletter on daily professional updates- 08/04/2020
CA PRADEEP GOYAL
 
Newsletter on daily professional updates- 01/04/2020
Newsletter on daily professional updates- 01/04/2020Newsletter on daily professional updates- 01/04/2020
Newsletter on daily professional updates- 01/04/2020
CA PRADEEP GOYAL
 
GAZT VAT guide on Financial Services - English
GAZT VAT guide on Financial Services - EnglishGAZT VAT guide on Financial Services - English
GAZT VAT guide on Financial Services - English
Farhan Osman
 

Similar to NAVIGATING GST 2-0.pdf (20)

Newsletter on daily professional updates- 23/03/2020
Newsletter on daily professional updates- 23/03/2020Newsletter on daily professional updates- 23/03/2020
Newsletter on daily professional updates- 23/03/2020
 
Daily Newsletter 01.10.2020
Daily Newsletter 01.10.2020Daily Newsletter 01.10.2020
Daily Newsletter 01.10.2020
 
Tax INFORM- December 2022
Tax INFORM- December 2022Tax INFORM- December 2022
Tax INFORM- December 2022
 
Acquisory news-bytes-14th-15th-june-2017
Acquisory news-bytes-14th-15th-june-2017Acquisory news-bytes-14th-15th-june-2017
Acquisory news-bytes-14th-15th-june-2017
 
Newsletter on daily professional updates- 18th September 2019
Newsletter on daily professional updates- 18th September 2019Newsletter on daily professional updates- 18th September 2019
Newsletter on daily professional updates- 18th September 2019
 
Snr budget 2020 indirect tax proposals
Snr budget 2020   indirect tax proposalsSnr budget 2020   indirect tax proposals
Snr budget 2020 indirect tax proposals
 
Newsletter november 2015 - - issue no.2
Newsletter   november 2015 - - issue no.2Newsletter   november 2015 - - issue no.2
Newsletter november 2015 - - issue no.2
 
Newsletter on daily professional updates- 14th September 2019
Newsletter on daily professional updates- 14th September 2019Newsletter on daily professional updates- 14th September 2019
Newsletter on daily professional updates- 14th September 2019
 
Newsletter on daily professional updates- 03/04/2020
Newsletter on daily professional updates- 03/04/2020Newsletter on daily professional updates- 03/04/2020
Newsletter on daily professional updates- 03/04/2020
 
Tax weekly 19 july-2020- N Pahilwani and Associates
Tax weekly 19 july-2020- N Pahilwani and AssociatesTax weekly 19 july-2020- N Pahilwani and Associates
Tax weekly 19 july-2020- N Pahilwani and Associates
 
Snr gst update
Snr gst updateSnr gst update
Snr gst update
 
SNR GST Tax Bulletin June 2022.pdf
SNR GST Tax Bulletin June 2022.pdfSNR GST Tax Bulletin June 2022.pdf
SNR GST Tax Bulletin June 2022.pdf
 
Budget_Booklet_2022-23pdf
Budget_Booklet_2022-23pdfBudget_Booklet_2022-23pdf
Budget_Booklet_2022-23pdf
 
Newsletter on daily professional updates- 16/04/2020
Newsletter on daily professional updates- 16/04/2020Newsletter on daily professional updates- 16/04/2020
Newsletter on daily professional updates- 16/04/2020
 
VGGlobal - Highlights of union budget 2015
VGGlobal -  Highlights of union budget 2015VGGlobal -  Highlights of union budget 2015
VGGlobal - Highlights of union budget 2015
 
Newsletter on daily professional updates- 29/02/2020
Newsletter on daily professional updates- 29/02/2020Newsletter on daily professional updates- 29/02/2020
Newsletter on daily professional updates- 29/02/2020
 
Newsletter on daily professional updates- 22/01/2020
Newsletter on daily professional updates- 22/01/2020Newsletter on daily professional updates- 22/01/2020
Newsletter on daily professional updates- 22/01/2020
 
Newsletter on daily professional updates- 08/04/2020
Newsletter on daily professional updates- 08/04/2020Newsletter on daily professional updates- 08/04/2020
Newsletter on daily professional updates- 08/04/2020
 
Newsletter on daily professional updates- 01/04/2020
Newsletter on daily professional updates- 01/04/2020Newsletter on daily professional updates- 01/04/2020
Newsletter on daily professional updates- 01/04/2020
 
GAZT VAT guide on Financial Services - English
GAZT VAT guide on Financial Services - EnglishGAZT VAT guide on Financial Services - English
GAZT VAT guide on Financial Services - English
 

More from Economic Laws Practice

Export Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdf
Export Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdfExport Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdf
Export Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdf
Economic Laws Practice
 
Maximizing Legal Compliance in Hospitality: ELP Law's Tailored Solutions
Maximizing Legal Compliance in Hospitality: ELP Law's Tailored SolutionsMaximizing Legal Compliance in Hospitality: ELP Law's Tailored Solutions
Maximizing Legal Compliance in Hospitality: ELP Law's Tailored Solutions
Economic Laws Practice
 
"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality
"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality
"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality
Economic Laws Practice
 
Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...
Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...
Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...
Economic Laws Practice
 
COP28-Key-Takeaways-and-Implications.pdf
COP28-Key-Takeaways-and-Implications.pdfCOP28-Key-Takeaways-and-Implications.pdf
COP28-Key-Takeaways-and-Implications.pdf
Economic Laws Practice
 
ELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdf
ELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdfELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdf
ELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdf
Economic Laws Practice
 
Competition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdfCompetition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdf
Economic Laws Practice
 
Climate-newsletter.pdf
Climate-newsletter.pdfClimate-newsletter.pdf
Climate-newsletter.pdf
Economic Laws Practice
 
BIS newsletter – September Edition.pdf
BIS newsletter – September Edition.pdfBIS newsletter – September Edition.pdf
BIS newsletter – September Edition.pdf
Economic Laws Practice
 
TradeWatch-Weekly-Bulletin-October-9-2023.pdf
TradeWatch-Weekly-Bulletin-October-9-2023.pdfTradeWatch-Weekly-Bulletin-October-9-2023.pdf
TradeWatch-Weekly-Bulletin-October-9-2023.pdf
Economic Laws Practice
 
TradeWatch-Weekly-Bulletin-September-25-2023.pdf
TradeWatch-Weekly-Bulletin-September-25-2023.pdfTradeWatch-Weekly-Bulletin-September-25-2023.pdf
TradeWatch-Weekly-Bulletin-September-25-2023.pdf
Economic Laws Practice
 
Business-Expenditure-The-Chamber-Journal.pdf
Business-Expenditure-The-Chamber-Journal.pdfBusiness-Expenditure-The-Chamber-Journal.pdf
Business-Expenditure-The-Chamber-Journal.pdf
Economic Laws Practice
 
IMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdf
IMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdfIMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdf
IMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdf
Economic Laws Practice
 
SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...
SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...
SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...
Economic Laws Practice
 
Overview of the Digital Personal Data Protection DPDP Bill 2023.pdf
Overview of the Digital Personal Data Protection DPDP Bill 2023.pdfOverview of the Digital Personal Data Protection DPDP Bill 2023.pdf
Overview of the Digital Personal Data Protection DPDP Bill 2023.pdf
Economic Laws Practice
 
E-invoicing-Whether the relevant provisions of GST law require patchwork.pdf
E-invoicing-Whether the relevant provisions of GST law require patchwork.pdfE-invoicing-Whether the relevant provisions of GST law require patchwork.pdf
E-invoicing-Whether the relevant provisions of GST law require patchwork.pdf
Economic Laws Practice
 
FSR-Book-Final.pdf
FSR-Book-Final.pdfFSR-Book-Final.pdf
FSR-Book-Final.pdf
Economic Laws Practice
 
MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...
MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...
MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...
Economic Laws Practice
 
SEBI tightens compliances and disclosures for listed entities - Amends LODR R...
SEBI tightens compliances and disclosures for listed entities - Amends LODR R...SEBI tightens compliances and disclosures for listed entities - Amends LODR R...
SEBI tightens compliances and disclosures for listed entities - Amends LODR R...
Economic Laws Practice
 
TradeWatch-Weekly-Bulletin-May-22-2023.pdf
TradeWatch-Weekly-Bulletin-May-22-2023.pdfTradeWatch-Weekly-Bulletin-May-22-2023.pdf
TradeWatch-Weekly-Bulletin-May-22-2023.pdf
Economic Laws Practice
 

More from Economic Laws Practice (20)

Export Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdf
Export Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdfExport Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdf
Export Control Law Firm_ Customs Law Firm_ SCOMET assistance_ BIS assistance.pdf
 
Maximizing Legal Compliance in Hospitality: ELP Law's Tailored Solutions
Maximizing Legal Compliance in Hospitality: ELP Law's Tailored SolutionsMaximizing Legal Compliance in Hospitality: ELP Law's Tailored Solutions
Maximizing Legal Compliance in Hospitality: ELP Law's Tailored Solutions
 
"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality
"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality
"Excellence in Hospitality Law: Economic Laws Practice - Premier Hospitality
 
Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...
Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...
Efficient Tax Planning: Economic Laws Practice - Your Path to Financial Succe...
 
COP28-Key-Takeaways-and-Implications.pdf
COP28-Key-Takeaways-and-Implications.pdfCOP28-Key-Takeaways-and-Implications.pdf
COP28-Key-Takeaways-and-Implications.pdf
 
ELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdf
ELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdfELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdf
ELP-Tax-Alert-SC-ruling-on-MFN-clause-.pdf
 
Competition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdfCompetition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdf
 
Climate-newsletter.pdf
Climate-newsletter.pdfClimate-newsletter.pdf
Climate-newsletter.pdf
 
BIS newsletter – September Edition.pdf
BIS newsletter – September Edition.pdfBIS newsletter – September Edition.pdf
BIS newsletter – September Edition.pdf
 
TradeWatch-Weekly-Bulletin-October-9-2023.pdf
TradeWatch-Weekly-Bulletin-October-9-2023.pdfTradeWatch-Weekly-Bulletin-October-9-2023.pdf
TradeWatch-Weekly-Bulletin-October-9-2023.pdf
 
TradeWatch-Weekly-Bulletin-September-25-2023.pdf
TradeWatch-Weekly-Bulletin-September-25-2023.pdfTradeWatch-Weekly-Bulletin-September-25-2023.pdf
TradeWatch-Weekly-Bulletin-September-25-2023.pdf
 
Business-Expenditure-The-Chamber-Journal.pdf
Business-Expenditure-The-Chamber-Journal.pdfBusiness-Expenditure-The-Chamber-Journal.pdf
Business-Expenditure-The-Chamber-Journal.pdf
 
IMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdf
IMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdfIMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdf
IMPORTANT JUDGMENTS UNDER SARFAESI ACT, DRBT ACT & IBC.pdf
 
SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...
SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...
SCOMET-Update-Amendment-to-Appendix-3-List-of-SCOMET-Items-to-Schedule-2-of-I...
 
Overview of the Digital Personal Data Protection DPDP Bill 2023.pdf
Overview of the Digital Personal Data Protection DPDP Bill 2023.pdfOverview of the Digital Personal Data Protection DPDP Bill 2023.pdf
Overview of the Digital Personal Data Protection DPDP Bill 2023.pdf
 
E-invoicing-Whether the relevant provisions of GST law require patchwork.pdf
E-invoicing-Whether the relevant provisions of GST law require patchwork.pdfE-invoicing-Whether the relevant provisions of GST law require patchwork.pdf
E-invoicing-Whether the relevant provisions of GST law require patchwork.pdf
 
FSR-Book-Final.pdf
FSR-Book-Final.pdfFSR-Book-Final.pdf
FSR-Book-Final.pdf
 
MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...
MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...
MARKET ACCESS BARRIERS IN THE PHARMACEUTICAL SECTOR IN INDIA’S KEY EXPORT DES...
 
SEBI tightens compliances and disclosures for listed entities - Amends LODR R...
SEBI tightens compliances and disclosures for listed entities - Amends LODR R...SEBI tightens compliances and disclosures for listed entities - Amends LODR R...
SEBI tightens compliances and disclosures for listed entities - Amends LODR R...
 
TradeWatch-Weekly-Bulletin-May-22-2023.pdf
TradeWatch-Weekly-Bulletin-May-22-2023.pdfTradeWatch-Weekly-Bulletin-May-22-2023.pdf
TradeWatch-Weekly-Bulletin-May-22-2023.pdf
 

Recently uploaded

suture removal ppt.pptx medical surgical
suture removal ppt.pptx medical surgicalsuture removal ppt.pptx medical surgical
suture removal ppt.pptx medical surgical
AlanSudhan
 
一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理
一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理
一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理
ayvace
 
一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理
一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理
一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理
ooqzo
 
San Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at SeaSan Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at Sea
Justin Ordoyo
 
一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理
一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理
一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理
mecyyn
 
一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理
一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理
一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理
uhsox
 
PPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx llPPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx ll
MohammadZubair874462
 
一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理
一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理
一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理
duxss
 
原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样
原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样
原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样
abondo3
 
一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理
一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理
一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理
qevye
 
一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理
一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理
一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理
cadyzeo
 
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdfV.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
bhavenpr
 
一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理
一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理
一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理
hedonxu
 
一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理
一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理
一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理
ucoux1
 
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
gjsma0ep
 
Pedal to the Court Understanding Your Rights after a Cycling Collision.pdf
Pedal to the Court Understanding Your Rights after a Cycling Collision.pdfPedal to the Court Understanding Your Rights after a Cycling Collision.pdf
Pedal to the Court Understanding Your Rights after a Cycling Collision.pdf
SunsetWestLegalGroup
 
一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理
一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理
一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理
pdeehy
 
17-03 2022 -full agreement full version .pdf
17-03 2022 -full agreement full version .pdf17-03 2022 -full agreement full version .pdf
17-03 2022 -full agreement full version .pdf
ssuser0dfed9
 
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
15e6o6u
 
一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理
一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理
一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理
ubype
 

Recently uploaded (20)

suture removal ppt.pptx medical surgical
suture removal ppt.pptx medical surgicalsuture removal ppt.pptx medical surgical
suture removal ppt.pptx medical surgical
 
一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理
一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理
一比一原版(ual毕业证书)伦敦艺术大学毕业证如何办理
 
一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理
一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理
一比一原版(glasgow毕业证书)格拉斯哥大学毕业证如何办理
 
San Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at SeaSan Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at Sea
 
一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理
一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理
一比一原版(trent毕业证书)加拿大特伦特大学毕业证如何办理
 
一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理
一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理
一比一原版(uottawa毕业证书)加拿大渥太华大学毕业证如何办理
 
PPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx llPPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx ll
 
一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理
一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理
一比一原版英国伦敦大学亚非学院毕业证(soas毕业证书)如何办理
 
原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样
原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样
原版定做(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书原版一模一样
 
一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理
一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理
一比一原版(uwlc毕业证书)美国威斯康星大学拉克罗斯分校毕业证如何办理
 
一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理
一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理
一比一原版加拿大达尔豪斯大学毕业证(dalhousie毕业证书)如何办理
 
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdfV.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
 
一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理
一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理
一比一原版新加坡南洋理工大学毕业证(本硕)ntu学位证书如何办理
 
一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理
一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理
一比一原版新加坡国立大学毕业证(本硕)nus学位证书如何办理
 
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
 
Pedal to the Court Understanding Your Rights after a Cycling Collision.pdf
Pedal to the Court Understanding Your Rights after a Cycling Collision.pdfPedal to the Court Understanding Your Rights after a Cycling Collision.pdf
Pedal to the Court Understanding Your Rights after a Cycling Collision.pdf
 
一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理
一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理
一比一原版(uwgb毕业证书)美国威斯康星大学绿湾分校毕业证如何办理
 
17-03 2022 -full agreement full version .pdf
17-03 2022 -full agreement full version .pdf17-03 2022 -full agreement full version .pdf
17-03 2022 -full agreement full version .pdf
 
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
 
一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理
一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理
一比一原版(ua毕业证书)加拿大阿尔伯塔大学毕业证如何办理
 

NAVIGATING GST 2-0.pdf

  • 2. © Economic Laws Practice Page | 2 Taxation Update Contents NOTIFICATION/CIRCULARS......................................................................................................................................................3 RECENT CASE LAWS ................................................................................................................................................................5 Whether service tax paid on re-insurance premium on invoices issued by other insurance companies under a pooling arrangement should be allowed as input service credit?................................................................................................................ 5 No illegality in credit availed by insurance company on payment made to auto-dealers towards infrastructure-support............. 6 Whether the assessee providing the service of marketing and market research to overseas recipient would qualify as an intermediary?.................................................................................................................................................................................. 6 Whether the appellants are eligible for the refund of unutilised credit under Rule 5 ibid read with Notification No. 27/2012-CE(NT) dated 18.06.2012?................................................................................................................................................ 6 RECENT ADVANCE RULINGS ....................................................................................................................................................8 Whether the supply of goods or services for 'setting up of network' would qualify as 'works contract'? ...................................... 8 What is the rate of tax applicable to the supplies made under the contract? ................................................................................ 8 Whether GST is applicable on advances received towards sale of site ........................................................................................... 8
  • 3. © Economic Laws Practice Page | 3 Taxation Update NOTIFICATION/CIRCULARS S. No Reference Particulars GST 1 Notification No. 01/2023- Central Tax dated 28.02.2023 Vide this notification, the Explanation given under Notification No. 13/2017 dated 28.06.2017 in clause (h) has been expanded to include “Courts and Tribunals” as well. 2 Notification No. 02/2023- Central Tax dated 28.02.2023 ▪ Vide this notification, clause (iva) is inserted under the Explanation to Notification No. 12/2017 dated 28.06.2017 which clarifies that “any authority, board or body set up by the Central Government or State Government including National Testing Agency for conduct of entrance examination for admission to educational institutions shall be treated as educational institution for the limited purpose of providing services by way of conduct of entrance examination for admission to educational institutions.” 3 Notification No. 03/2023- Central Tax dated 28.02.2023. Notification No. 04/2023- Central Tax dated 28.02.2023 The following rate changes have been made with effect from 01.03.2023: ▪ Exemption has been granted to “Rab, other than pre-packaged and labelled” ▪ “Rab, pre-packaged and labelled” is classifiable under heading 1701/1702 and is liable to 5% GST under S. No. 91A in Schedule I of Notification No. 1/2017-CT(R) dated 28.06.2017. “Pencil Sharpeners” is classifiable under heading 8214 and is liable to 12% GST under S. No. 186A in Schedule I of Notification No. 1/2017-CT(R) dated 28.06.2017. FOREIGN TRADE POLICY 4 Notification No. 59/2015-2020 dated 21.02.2023 The import policy condition of cashew kernels (broken/whole) has been amended as under: Description and ITC (HS) Code Existing Import Policy Revised Import Policy Cashew kernel, broken (08013210) However, import is free if CIF value is above INR 680/- per Kg. 1. However, import is free if CIF value is above INR 680/- per Kg. 2. MIP conditions, however, shall not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ. 3. SEZs and EoUs units shall not be allowed to sell the imported Cashew Kernels into Domestic Tariff Area (DTA). Cashew kernel, whole (08013220) However, import is free if CIF value is above INR 720/- per Kg. 1. However, import is free if CIF value is above INR 720/- per Kg. 2. MIP conditions, however, shall not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ. 3. SEZs and EoUs units shall not be allowed to sell the imported Cashew Kernels into DTA.
  • 4. © Economic Laws Practice Page | 4 Taxation Update S. No Reference Particulars Effect of this Notification: Minimum Import Price (MIP) on Cashew kernel (broken/whole) will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZs subject to the condition that the imported Cashew Kernels are not sold into DTA. 5 Notification No. 56/2015-2020 dated 07.02.2023 Vide this notification, an entry has been inserted at serial no. (6) in para 4.42 of Foreign Trade Policy, 2015-20 in order to add Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra, India as an agency permitted to import diamonds for certification/grading & re-export. 6 Public Notice No. 58/2015-2020 dated 24.02.2023 Directorate General of Foreign Trade (DGFT) gives relaxation in procedure in respect of acceptance of fee for excess duty utilization under the EPCG Scheme. To facilitate the Ease of Doing Business, it has been decided to permit the RAs to allow the authorization holder to furnish additional fee to cover excess duty utilized for the EPCG authorizations issued under the FTP 2009-14 (extended up to 31.03.2015) also at the time of application of EODC subject to the condition that excess duty utilized was not more than 10% of duty saved value of the authorization. Effect of this Public Notice: One time relaxation is granted in submission of additional fee to cover excess duty utilized in Export Promotion Capital Goods (EPCG) authorizations issued under Foreign Trade Policy (2009-14) (extended up to 31.03.2015). CENTRAL EXCISE 7 Notification No. 08/2023 - Central Excise dated 15.02.2023 There is a change in the special additional excise duty rate of petroleum crude and aviation turbine fuel. The rate of duty is as below: Product Rate Petroleum crude INR 4,350/- per ton Aviation Turbine Fuel INR 1.5/- per liter 8 Notification No. 09/2023 - Central Excise dated 16.02.2023 There is a change in the special additional excise duty rate of High speed diesel oil. The rate of duty is INR 1/- per liter.
  • 5. © Economic Laws Practice Page | 5 Taxation Update RECENT CASE LAWS Whether service tax paid on re-insurance premium on invoices issued by other insurance companies under a pooling arrangement should be allowed as input service credit? Commissioner of Central Goods and Service Tax vs Shriram General Insurance Company Ltd. ▪ [Special Leave Petition Civil Diary No. 4928-2023] FACTS OF THE CASE ▪ The assessee is an insurance provider which has a pooling agreement with other insurance companies for re- insuring its policies after issuance of an insurance policy to the insured. The assessee had been depositing its service tax on the amount of insurance premium. In the process, the assessee had availed CENVAT Credit of input services, based on the invoices issued by other insurance companies with whom the assessee had a pooling agreement. ▪ In the process the assessee had availed amount of input service credit based on invoices issued by other insurance companies with whom the assessee had a pooling agreement. The Commissioner was of the opinion that the assesseee was not entitled to claim such credit as the term input service as contained in Rule 2(l) of the CENVAT Credit Rules, 2004 and came to the conclusion that the assessee was not entitled to claim such credit on input service. ▪ Thereafter, the assessee carried the matter in appeal. The Hon’ble Tribunal allowed the appeal relying upon the decision of Division Bench of the Karnataka High Court in case of Commissioner of Central Excise, Bangalore Vs. PNB Metlife India Insurance Co.Ltd. reported in (2015) 51 GST 504 (Karnataka). The Hon’ble Karnataka High Court had noted that the process of issuance of an Insurance Policy by the Insurer and subsequent procurement of re- insurance policy from another company (which is a statutory requirement u/s 101A of the Insurance Act, 1938) is an integral part of the total process of issuing the insurance policy. Therefore, such reinsurance being co-terminus with the insurance policy, the Karnataka High Court held that issuance of insurance policy by insurer, and then taking of re-insurance by it, is a continuous process. Therefore, the same same would not be an input service eligible for CENVAT credit within the meaning of Rule 2(1) of the CENVAT Credit Rules, 2004. ▪ Furthermore, the Hon’ble Tribunal clarified that creation of an insurance pool was as per the directions of the Insurance Regulatory Development Authority (IRDA), whereby all general insurers were directed to collectively participate in a pooling arrangement to share all motor third party insurance business underwritten by any of the registered general insurers. Aggrieved by the decision of Customs, Excise & Service Tax Appellate Tribunal (“CESTAT”), Revenue appealed before the Rajasthan High Court. ▪ The Hon’ble Rajasthan High Court in its judgment observed that in pursuance to the directions issued by the IRDA in exercise of powers conferred under Section 34 of the Insurance Act, all general insurance companies in India entered into an agreement for creating the insurance pool. These directives had statutory force and the act of the insurance companies to create such a pool was not a voluntary act. ▪ Furthermore, the Hon’ble Rajasthan High Court while noticing the definition of the term ‘reinsurance’ under Section 2(16B) of the Insurance Act, 1938 observed that the Tribunal was of the correct opinion that this pooling system is nothing but a form of re-insurance. Moreover, Section 101A of the Insurance Act, 1938 makes it compulsory for every insurer to re-insure such percentage of the sum insured on each policy as may be specified by the authority with previous approval of the Central Government. Therefore, the bench held that the tribunal correctly held that the entire situation is revenue neutral, and this pooling system is nothing but a form of re- insurance. Accordingly, the appeal was dismissed. Thereafter the department filed a Special Leave Petition before the Hon’ble Supreme Court JUDGMENT ▪ Upon considering the judgment of Hon’ble Rajasthan High Court, the Hon’ble Supreme Court dismissed the departments petition by holding that “This Court is of the opinion that the order impugned does not call for interference. The Special Leave Petition is, accordingly, dismissed.”
  • 6. © Economic Laws Practice Page | 6 Taxation Update No illegality in credit availed by insurance company on payment made to auto-dealers towards infrastructure-support ICICI Lombard General Insurance Company Ltd. v. Commissioner of CGST and Central Excise, Mumbai Central [Service Tax Appeal No. 89570 of 2018 – CESTAT, Mumbai] FACTS OF THE CASE ▪ The Appellant is a general insurance company, inter alia, engaged in the business of providing insurance services in respect of automobiles. In furtherance of its business of providing motor vehicle insurance, the Appellant followed the practice of availing CENVAT credit of the Service Tax paid as against the facilitation fees charged by the motor vehicle dealers for providing the infrastructure and support services to the Company. ▪ The said Service Tax paid was being denied and sought to be recovered along with interest and penalty amounting to Rs.135,72,98,778/- vide the Show Cause Notice No. 106/2015 dated 17.10.2015 (“SCN”) issued to the Appellant. Thereafter, the Order in Original No. 15/COMMR/(Dr.KNR)/CGST&CEX/MC/2018 dated 15.02.2018 was issued in the matter denying the claim for CENVAT credit of the Service Tax paid by the Appellant and confirmed the demand of Service Tax, interest and penalty. ▪ Accordingly, the Appellant filed an appeal against the impugned order before the Customs, Excise & Service Tax Appellate Tribunal (“CESTAT”), Mumbai vide Service Tax Appeal No. 89570 of 2018 so as to take the CENVAT credit of the Service Tax paid. JUDGMENT ▪ The Hon’ble tribunal while setting aside the impugned order observed that it is an undisputed fact that the automotive dealers had paid service tax on the nature of services described in the invoices issued to the Appellant; that payment of service tax by such dealers have been accepted by the service tax authorities having jurisdiction over their business premises. Since, the service tax paid by such dealers was availed as Cenvat credit by the appellant, availment of such credit is in conformity with the Cenvat statute. ▪ Furthermore, the Hon’ble Tribunal relied upon the judgement passed on similar facts by a co-ordinate Bench of the Tribunal in the case of M/s. Cholamandalam General Insurance Co. Ltd. v. The Commissioner of G.S.T. & Central Excise, Chennai [2021 (47) G.S.T.L. 263 (Tri.-Chennai)] where it was held that since the service tax was paid by the auto dealer, under the taxable head of “Business Auxiliary Service” and the assessment of auto dealer has not been re-opened or questioned, the credit availed cannot be denied to the insurance company. ▪ Reliance was also placed on CCE&C v. MDS Switchgear Ltd. [2008 (229) E.L.T. 485 (S.C.)], wherein it was held that once the tax liability has been discharged and accepted by the Department, the consequential Cenvat credit cannot be denied at the recipient’s end. ▪ On the question of violation of Section 40 of the Insurance Act, 1938, the Hon’ble Tribunal placed reliance on the Letter dated 12.08.2015 issued by the Insurance Regulatory Development Authority (IRDA), clarifying the position that outsourcing of the non-core activities by insurance companies is permissible. Hence, in this context, the law is well settled that when a competent authority has issued an opinion on a particular matter, the same shall be binding and cannot be questioned by the other agencies. Whether the assessee providing the service of marketing and market research to overseas recipient would qualify as an intermediary? Whether the appellants are eligible for the refund of unutilised credit under Rule 5 ibid read with Notification No. 27/2012-CE(NT) dated 18.06.2012? ▪ Idex India Private Limited vs Commissioner of CGST, Mumbai East ▪ [Service Tax Appeal No. 86812 of 2019 – CESTAT, Mumbai] FACTS OF THE CASE
  • 7. © Economic Laws Practice Page | 7 Taxation Update ▪ The assessee is into the business of providing services related to software development and IT enabled services. They are providing Business Support Services to its overseas holding company, M/s. Idex Corporation, USA and its subsidiaries such as Idex, Japan etc. ▪ The holding company carries out the activity of manufacturing and selling precision engineered products through its various business units worldwide and the assessee these units by rendering the services viz. Marketing and Promotion Services, Engineering Support Services to the distributors/customers and Accounting & Management Reporting Services. ▪ In order to avail the unutilized accumulated CENVAT credit the assessee filed refund claims under Notification No. 27/2012-CE(NT) dated June 18, 2012, read with Rule 5 for the period in dispute (April, 2015 to June, 2016). Thereafter, the Adjudicating Authority vide Order-in-Original dated 31.05.2017 rejected the refund claims filed by the appellant on the ground that the services provided by the appellants to their clients cannot be treated as export of service as provided under Rule 6A of the Service Tax Rules and therefore they are not eligible for refund of the CENVAT Credit lying in balance under the provisions of Rule 5. JUDGMENT ▪ On the first issue, the Hon’ble Tribunal observed that an “intermediary” is someone who arranges or facilitates the supplies of goods or services or securities between two or more persons. It is thus necessary that the arrangement requires a minimum of three parties, two of them transacting in the supply of goods or services or securities (main supply) and one arranging or facilitating the said main supply. Therefore, an activity between only two parties cannot be considered as an intermediary service. ▪ The Hon’ble Tribunal relying upon the guidance note dated 20.06.2012 issued by CBIC and a similar clarification issued by the CBIC on 21.09.2021 under GST regime observed that there is no doubt that in cases wherein the person supplies the main supply either fully or partly, on principal-to-principal basis, the said supply cannot come with the ambit of “intermediary”. ▪ Furthermore, the Hon’ble Tribunal observed that sub-contracting for a service is also not an intermediary service. The supplier of main service may decide to outsource the supply of main service, either fully or partly, to one or more subcontractors. Such sub-contractor provides the main supply, either fully or a part thereof and does not merely arrange or facilitate the main supply between the principal supplier and his customers and therefore clearly not an intermediary. ▪ Coming on to the second issue, the Hon’ble Tribunal observed that Rule 5 lays down how to determine the quantum of admissible refund from the accumulated CENVAT credit. It cannot be considered to be a proceeding for denial of CENVAT credit available in the account of the claimant and therefore even if the refund is denied, then also the amount continues to remain in the CENVAT account of the claimant. ▪ Furthermore, the Hon’ble Tribunal observed that if the Revenue is not in agreement with the claims of the assessee and if, according to Revenue, the services in issue do not fall within the ambit of ‘export of service’ then the Revenue ought to have initiated the proceedings against the assessee for demanding the Service Tax in respect of taxable service provided by the assessee. Since, no such proceedings have been initiated by the Revenue as borne out from the records of the case, therefore in a way Revenue itself has allowed this taxable service provided by assessee as ‘export of service.’ If that is so then in the proceeding under Rule 5 ibid Revenue cannot deny refund by treating the service provided not to be export of service.
  • 8. © Economic Laws Practice Page | 8 Taxation Update RECENT ADVANCE RULING S Whether the supply of goods or services for 'setting up of network' would qualify as 'works contract'? What is the rate of tax applicable to the supplies made under the contract? ▪ In the matter of Sterlite Technologies Ltd. [TS-45-AAAR(MAH)-2023-GST] FACTS OF THE CASE ▪ Applicant is engaged in manufacturing of telecom products (such as optic fiber, optic fiber cable. etc.) and services in relation to laying of these optic fiber cables (either underground or hung overhead) to create a network, setting up of control centres, installation of equipment, commissioning of network and other ancillary activities that may be necessary for creation of network infrastructure for its customers in the telecom industry. ▪ The applicant had filed the application to seek advance ruling on (a) Whether the supply of goods or services for 'setting up of network' would qualify as ‘works contract’ as defined in Section 2(119) of the CGST Act? and (b) If supplies contemplated as per the contract with BSNL are not treated as works contract can these continue to qualify as composite supply? If yes what is the principal supply? ▪ The Appellant claimed that creation of said network fulfils all other ancillary parameters necessary for an activity to qualify as works contract. The Appellant also referred to Notification No. 11/2017-Central Tax (rate) dated June 28. 2017 (as amended from time to time) and submitted that the works contract to be undertaken by it is covered under Entry No. 3(vi)(a) of the rate Notification to attract GST at the rate of 12%. ▪ However, the view of Authority for Advance Ruling (AAR) was different as in Order No. March GST-ARA-106/2018- 19/B-34 dated 28, 2019 it was ruled that the supply of goods or services for 'setting up of network' would qualify as a composite supply of works contract' as defined under Section 2(119) of the CGST Act and Activities of the Appellant are covered by sub-clause Notification (ii) of Entry No. 3 of the Rate and attract GST at the rate of 18%. AAAR RULING ▪ The Authority observed that the network is intended to be used for war fighting operations of the Indian Navy and therefore, the required works contract is set up with the predominant purpose of defence. In such a case, the said works contract is undertaken for a predominant purpose other than commerce, industry, business or profession. ▪ Therefore, Maharashtra Appellate Authority for Advance Ruling (AAAR) modified AAR and observed that supply as a sub-contractor for ‘setting up of network’ on behalf of Bharat Sanchar Nigam Limited (BSNL) for the Indian Navy is taxable at 12% (for period April 2019 to December 31, 2021) under entry at serial number 3(vi)(a) of Notification No.11/2017-CT (Rate) dated June 28, 2017. Whether GST is applicable on advances received towards sale of site ▪ In the matter of Rabia Khanum [TS-55-AAAR(KAR)-2023-GST] FACTS OF THE CASE ▪ The applicant owns three acres of land and intends to convert the said land for residential usage and form small plots and sell them to individuals after obtaining necessary permission from the concerned authorities. In order to obtain a sanction, the applicant will develop the land with basic amenities which are required for human inhabitation.
  • 9. © Economic Laws Practice Page | 9 Taxation Update ▪ The applicant sought a ruling on whether GST is applicable on (a) consideration received on sale of sites; (b) advances received towards sale of site; (c) sale of plots after completion of works related to basic necessities. ▪ The AAR in ruling no. KAR ADRG 31/2022 held the answer to all the above question in the negative. Aggrieved by this ruling, the jurisdictional CGST officer has filed the appeal on the ground that the GST is payable on entire consideration received by the developer even after completion, if the agreement is entered into before completion. GST is also payable on the advance received towards sale of site in terms of Section 12(b) of CGST Act at 18% on the gross value. AAR RULING ▪ The AAAR rejected the appeal filed by the Assistant Commissioner of Central Tax and upheld the ruling of AAR. ▪ Further, the AAAR observed that the owner of the land is developing the land not at the behest of the buyer and not because the purchaser has requested for any service from him but because it is required by law for the seller to develop the land in order to sell plots. ▪ Further, it was observed that the title of plot will only be transferred after the completion certificate is granted by the concerned authority. Also, the developed area such as drainage, developed roads etc. are not transferred to the buyers which means the consideration received by the seller before or after the completion of development is only for the sale of plot as no service is provided to the buyer. We hope you have enjoyed reading this update. For further information please write to us at insights@elp-in.com or connect with our authors: Stella Joseph - Partner- Email - StellaJoseph@elp-in.com Rushil Shah – Senior Associate - Email - RushilShah@elp-in.com Pulkit Devpura – Associate -Email - PulkitDevpura@elp-in.com
  • 10. © Economic Laws Practice Page | 10 Taxation Update Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice. Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice