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...
The case involves the Advance Ruling Authority (AAR) determining the applicability of the Margin Scheme u/r 32(5) of the CGST Rules, 2017 to goods such as used Iron Scrap, Lead Acid Batteries, Aluminium utensils, Steel utensils scrap, copper scrap, Brass utensils, waste plastic bags, and plastic PET bottles. The AAR held that these items do not qualify as Second Hand Goods as they are essentially scrap to be consumed or melted for manufacturing new items, thus changing their nature. Consequently, the applicant is deemed ineligible to operate under the Margin Scheme. As a result, the benefit of the Margin Scheme is not available for either intra-state or inter-state supply of goods due to the nature of the goods involved.
The case involves the Advance Ruling Authority (AAR) determining the applicability of the Margin Scheme u/r 32(5) of the CGST Rules, 2017 to goods such as used Iron Scrap, Lead Acid Batteries, Aluminium utensils, Steel utensils scrap, copper scrap, Brass utensils, waste plastic bags, and plastic PET bottles. The AAR held that these items do not qualify as Second Hand Goods as they are essentially scrap to be consumed or melted for manufacturing new items, thus changing their nature. Consequently, the applicant is deemed ineligible to operate under the Margin Scheme. As a result, the benefit of the Margin Scheme is not available for either intra-state or inter-state supply of goods due to the nature of the goods involved.
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