Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
GST liability for insolvency and receivership services depends on the nature and specific classification of the service, not on whether the Insolvency Professional is enrolled as an Advocate. Insolvency Professionals constitute a distinct statutory class under the Insolvency and Bankruptcy Code and IBBI Regulations, and their services are separately classified from legal services. Applying the principle that a specific service description prevails over a general one, services rendered by an Advocate as an Interim Resolution Professional fall outside the reverse-charge category for legal services. Forward charge therefore applies, requiring GST registration, compliant invoicing and related compliance; reverse charge remains limited to legal services rendered in the Advocate's professional capacity.
GST liability for insolvency and receivership services depends on the nature and specific classification of the service, not on whether the Insolvency Professional is enrolled as an Advocate. Insolvency Professionals constitute a distinct statutory class under the Insolvency and Bankruptcy Code and IBBI Regulations, and their services are separately classified from legal services. Applying the principle that a specific service description prevails over a general one, services rendered by an Advocate as an Interim Resolution Professional fall outside the reverse-charge category for legal services. Forward charge therefore applies, requiring GST registration, compliant invoicing and related compliance; reverse charge remains limited to legal services rendered in the Advocate's professional capacity.
Note: It is a system-generated summary and is for quick reference only.
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