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...
Taxability of property held in stock in trade - it is now abundantly clear from Sec. 23(5) that until the completion certificate is not issued by the competent authority and two years thereafter; annual value of the unsold units shall be NIL - since certificate only issued on 01.07.2015, the property in question for the both the assessment years 2011-12 and 2012-13 are not taxable
Taxability of property held in stock in trade - it is now abundantly clear from Sec. 23(5) that until the completion certificate is not issued by the competent authority and two years thereafter; annual value of the unsold units shall be NIL - since certificate only issued on 01.07.2015, the property in question for the both the assessment years 2011-12 and 2012-13 are not taxable
Note: It is a system-generated summary and is for quick reference only.