Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
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The case involves a query regarding the classification of goods and services for GST purposes. The applicant sought clarification on the consideration charged for supplying aggregates and recovering royalty charges. The ruling determined that the applicant's tax collection on royalty charges and goods supplied separately in invoices indicated distinct transactions. Royalty charges were classified under SAC 997337, attracting 9% CGST and 9% SGST, while aggregates fell under HSN code 251710, subject to CGST @2.5% and SGST @2.5%. The ruling emphasized the separate nature of the transactions, not constituting mixed or composite supply.
The case involves a query regarding the classification of goods and services for GST purposes. The applicant sought clarification on the consideration charged for supplying aggregates and recovering royalty charges. The ruling determined that the applicant's tax collection on royalty charges and goods supplied separately in invoices indicated distinct transactions. Royalty charges were classified under SAC 997337, attracting 9% CGST and 9% SGST, while aggregates fell under HSN code 251710, subject to CGST @2.5% and SGST @2.5%. The ruling emphasized the separate nature of the transactions, not constituting mixed or composite supply.
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