Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
The Authority for Advance Ruling determined that the applicant qualifies as an Electronic Commerce Operator (ECO) as per the definitions provided. The applicant owns and manages the digital platform "Vyavshay" for service supply, connecting service providers with users. Section 9(5) of the CGST Act, 2017 applies to services offered through the platform, shifting tax liability to the ECO. The ECO is deemed the supplier of services received by consumers through the platform. The ECO is required to pay tax on transactions facilitated through the platform, regardless of payment flow. The ECO is liable for GST on app usage charges and transaction values for notified services. The ECO is responsible for tax on transactions with partners, excluding those not covered by Section 9(5) of the CGST Act, 2017.
The Authority for Advance Ruling determined that the applicant qualifies as an Electronic Commerce Operator (ECO) as per the definitions provided. The applicant owns and manages the digital platform "Vyavshay" for service supply, connecting service providers with users. Section 9(5) of the CGST Act, 2017 applies to services offered through the platform, shifting tax liability to the ECO. The ECO is deemed the supplier of services received by consumers through the platform. The ECO is required to pay tax on transactions facilitated through the platform, regardless of payment flow. The ECO is liable for GST on app usage charges and transaction values for notified services. The ECO is responsible for tax on transactions with partners, excluding those not covered by Section 9(5) of the CGST Act, 2017.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
