Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Profiteering - sale of a built up house - DGAP's Report revealed that the ratio of ITC to the taxable turnover post GST period increase from 0.61% to 3.45% i.e net benefit of 2.84% - the benefit of ITC was not passed to home buyers and collected extra amount with more GST on the additional amount - violation u/s 171 of the CGST Act, 2017 and committed an offence u/s 122(1)(i) - liable for penalty - directed state to monitor passing of benefit to to all the eligible buyers
Profiteering - sale of a built up house - DGAP's Report revealed that the ratio of ITC to the taxable turnover post GST period increase from 0.61% to 3.45% i.e net benefit of 2.84% - the benefit of ITC was not passed to home buyers and collected extra amount with more GST on the additional amount - violation u/s 171 of the CGST Act, 2017 and committed an offence u/s 122(1)(i) - liable for penalty - directed state to monitor passing of benefit to to all the eligible buyers
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