Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Long-term leases conferring development rights, possession and...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax limitation.
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
Long-term leases conferring development rights, possession and effective control for a one-time premium are treated as transfers of immovable property rather than taxable renting services; associated premiums and transfer fees are consequently outside service tax. Construction of residential complexes remains taxable, but prescribed abatement applies where its conditions are met and CENVAT credit has been reversed. Interest charged for delayed payment of unit-sale consideration is liquidated damages, not service consideration. Water supplied by a governmental development authority in a sovereign function is treated as goods supply rather than taxable service. Repeated non-payment after prior notice and confirmation supports extended limitation for the residual liability.
Long-term leases conferring development rights, possession and effective control for a one-time premium are treated as transfers of immovable property rather than taxable renting services; associated premiums and transfer fees are consequently outside service tax. Construction of residential complexes remains taxable, but prescribed abatement applies where its conditions are met and CENVAT credit has been reversed. Interest charged for delayed payment of unit-sale consideration is liquidated damages, not service consideration. Water supplied by a governmental development authority in a sovereign function is treated as goods supply rather than taxable service. Repeated non-payment after prior notice and confirmation supports extended limitation for the residual liability.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
