Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Classification of service - rate of tax applicable for works contract - construction of a structure meant predominantly for use as a cultural establishment - The Authority for Advance Ruling, Kerala, finds that the applicant is liable to pay GST at the rate of 12% [6% - CGST + 6% SGST] or 18% [9% CGST + 9% SGST], as per the entry at Item (vi) of SI No.3 of Notification No. 11/2017 Central Tax (Rate) dated 28.06.2017. This determination is contingent upon the time of supply as determined under Section 14 of the CGST Act, 2017, falling between 21.09.2017 and 31.12.2021, or on or after 01.01.2022, respectively. - Further, the AAR concluded that the recipient indeed fell within the definition of "Governmental Authority.
Classification of service - rate of tax applicable for works contract - construction of a structure meant predominantly for use as a cultural establishment - The Authority for Advance Ruling, Kerala, finds that the applicant is liable to pay GST at the rate of 12% [6% - CGST + 6% SGST] or 18% [9% CGST + 9% SGST], as per the entry at Item (vi) of SI No.3 of Notification No. 11/2017 Central Tax (Rate) dated 28.06.2017. This determination is contingent upon the time of supply as determined under Section 14 of the CGST Act, 2017, falling between 21.09.2017 and 31.12.2021, or on or after 01.01.2022, respectively. - Further, the AAR concluded that the recipient indeed fell within the definition of "Governmental Authority.
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