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Cost of free diesel provided by the recipient cannot be added to the value of the GTA service for the purpose of determining GST liability
Author shed some light on the valuation provision u/s 28 for related party transaction
Layered taxation wrapped in ‘one nation one tax’ packaging.
Biocon Ltd on Friday said it has been imposed a penalty of over Rs 3 crore over GST-related issues. The company has received an order of adjudication imposing a penalty of Rs 3,03,78,465 dated February 22, 2024, from the office…
The online gaming industry has welcomed Finance Minister Nirmala Sitharaman’s recent comments that the 28% GST would be levied prospectively on casinos, online gaming and horse racing and not on a retrospective basis. “A clarification on that levy was…
Finance Minister Nirmala Sitharaman on Tuesday said the valuation rules for levying 28 per cent GST on entry-level bets on online gaming platforms are effective prospectively. “The clarification on that (online gaming) was issued. 28 per cent is the tax…
The Hon’ble Allahabad High Court in M/s. Radha Fragnance v. Union of India and Others [Writ Tax No. 427 of 2019 dated February 14, 2023] affirmed the order of detention of goods and imposition of tax and penalty, on the…
The AAR, Uttarakhand in the matter of M/s Gurjinder Singh Sandhu (Proprietor M/s New Jai Hind Transport Service) [Ruling 10/2022-23 In Application No: 06/2022-23] an application filed by, under Section 97(1) of the Central Goods and Service Tax Act, 2017…
Section 15 of CGST Act, 2017 provides for determination of value of taxable supply. The value of supply of goods or services or both shall be the transaction value which is the price paid or payable by the recipient of…
PROVISION u/s 15(2)(b) Section 15 of CGST Act, provides for determination of value of taxable supply on which GST should be charged. Sub-section 2 list downs the expenses which are to be included to arrive at value of taxable supply. As per…
