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The Gujarat, AAR in the matter of M/s. Waaree Energies Limited held that the SEZ unit are not required to pay GST under RCM on any service received from suppliers located in the DTA for carrying out the authorized operation in the SEZ unit, provided that a LUT or bond as a deemed supplier of such services is furnished as mentioned in Notification 37/2017-Central Tax dated October 04, 2017.
Units operating within special economic zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from the domestic tariff area (DTA) through the reverse charge mechanism, if a ruling by the Gujarat-based Authority for Advance Rulings (AAR) sets a precedent.
The Hon’ble Bombay High Court in the case of M/s. Agarwal Coal Corporation Pvt. Ltd. set aside the Show Cause Notice issued by the Revenue Department based on the Notification No. 08/2017-Integrated Tax (Rate) dated June 28, 2017 which has been held ultra vires as per the judgment of Division Bench of Hon’ble Gujarat High Court in the case of Mohit Minerals Pvt. Ltd.
GST notifications has emphasized the words ‘Director’s remuneration’ and it is abundantly clear that it covers the aspect of remuneration paid to a Director, in his capacity as a Director.
In the 50th Meeting of the GST Council, inter-alia the following recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST were made:
CMA Shiba Prasad Padhi, Practising Cost Accountant is presenting the PPT on ‘RCM – Goods and Services covered, URPs, ToS,…
The government will consider and then place industry’s demand to shift the GST levy on purchase of scrap metal to…
The AAR, Uttarakhand in the matter of M/s Gurjinder Singh Sandhu (Proprietor M/s New Jai Hind Transport Service) [Ruling 10/2022-23…
The CESTAT, Delhi in the matter of M/s Mec Shot Blasting Equipment Ltd v Commissioner, CGST [ORDER NO. 50626 /…
Relax, if you are a salaried individual and have taken a residential flat on rent/lease, the recently introduced norms for…