Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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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