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...
Entitlement to claim input tax credit - The AAR concluded that the applicant is not entitled to claim ITC for expenses incurred specifically for the restaurant service availing a 5% GST rate without ITC. For general expenses potentially related to other business activities, ITC claims may be subject to restrictions and reversal as per the relevant GST provisions and rules. Rule 42/43 of the CGST Rules regarding the apportionment and reversal of ITC are applicable to the applicant's case.
Entitlement to claim input tax credit - The AAR concluded that the applicant is not entitled to claim ITC for expenses incurred specifically for the restaurant service availing a 5% GST rate without ITC. For general expenses potentially related to other business activities, ITC claims may be subject to restrictions and reversal as per the relevant GST provisions and rules. Rule 42/43 of the CGST Rules regarding the apportionment and reversal of ITC are applicable to the applicant's case.
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