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In this article the paper writer has examined the major kinds of insurance expenses incurred by the taxpayer and the restrictions and eligibility to the credit thereof, relevant decisions in this context as well.
The latest CBIC instruction No. 01/2022-23 GST - Investigation addresses the context of deposit of tax during the course of search, inspection or investigation. In this backdrop, the paper writer has analysed the implications of this instruction for assessees.
In this background, the paper writer has examined in light of recent developments whether GST to be paid on recoveries made from employees by company.
The recent judgment of the HC in Greenwood Owners Association vs. UOI has held that it is only contributions to RWA in excess of Rs.7,500/- that would be taxable under the GST Act.
In this article, the paper writer has examined the sales promotion expenses incurred, the eligibility to avail credit on these expenses and the restricted credit on gifts.
BackgroundIn the past under erstwhile service tax laws, several of the RWA�s had been citing mutuality concept to claim exclusion from tax net. The doctri
BackgroundJoint development agreements or JDA, are entered into by the land owners with developers. The land owners may not be having the resources or technical..
Background Every supplier shall be liable to be registered in the state from where he makes taxable supplies of goods/services, if aggregate turnover in financi..
Introduction Under the GST law, filing of returns, availment of input tax credit, payment of taxes is done on-line through GST portal. All assesses are required..
BackgroundInput tax credit can be availed on the goods/services used in course of business of making taxable supplies of goods/services or exports. The credit c..
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