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...
Supply of Goods or services - Sale of Demo Cars - Reimbursement of Loss on Sale of Demo Car - The AAR noted that the classification of the demo vehicle at the point of sale remains consistent with its classification at the point of purchase. The tax rate applicable at the time of sale would be the same as that applied at the time of its inward supply, aligning with Sections 8702 and 8703 of the Customs Tariff Act, 1975. - The Authority held that the reimbursement amount for the loss on the sale of demo cars from Mercedes Benz constitutes a supply of services. Specifically, this reimbursement is considered a service of 'agreeing to tolerate an act' under GST, which is taxable.
Supply of Goods or services - Sale of Demo Cars - Reimbursement of Loss on Sale of Demo Car - The AAR noted that the classification of the demo vehicle at the point of sale remains consistent with its classification at the point of purchase. The tax rate applicable at the time of sale would be the same as that applied at the time of its inward supply, aligning with Sections 8702 and 8703 of the Customs Tariff Act, 1975. - The Authority held that the reimbursement amount for the loss on the sale of demo cars from Mercedes Benz constitutes a supply of services. Specifically, this reimbursement is considered a service of 'agreeing to tolerate an act' under GST, which is taxable.
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