Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the local authority.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Residential housing-unit sweeping, cleaning, collection, segregation and storage of garbage are classified as general waste collection services under SAC 999423, which is more specific than the residuary category for other services not elsewhere specified. The arrangement is not eligible for the exemption available for composite supplies of goods and services to a local authority in relation to municipal functions. Cleaning and garbage removal formed the predominant supply, while welfare kits, bins, tools and consumables merely facilitated service performance and were procured at the service provider's cost. As ownership or possession of those items was not transferred to the local authority, no supply of goods occurred and the composite-supply condition was not met.
Residential housing-unit sweeping, cleaning, collection, segregation and storage of garbage are classified as general waste collection services under SAC 999423, which is more specific than the residuary category for other services not elsewhere specified. The arrangement is not eligible for the exemption available for composite supplies of goods and services to a local authority in relation to municipal functions. Cleaning and garbage removal formed the predominant supply, while welfare kits, bins, tools and consumables merely facilitated service performance and were procured at the service provider's cost. As ownership or possession of those items was not transferred to the local authority, no supply of goods occurred and the composite-supply condition was not met.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
