Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Advance Ruling Authority held that the value of "Deposit...
Advance Ruling: GST on "Deposit Contribution Works" limited to "Establishment & Supervision Charges" for self-execution schemes. No tax on third-party works.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Advance Ruling Authority held that the value of "Deposit Contribution Works" for discharging Goods & Services Tax should be restricted to "Establishment and Supervision Charges" and other applicable charges received by the applicant in self-execution schemes. The applicant is neither supplier nor recipient of services for demolition, shifting, construction, and installation works undertaken by third-party contractors upon customer's request. Since no goods or services are supplied by the applicant, except for supervision services, inclusion of other service values where the applicant is not a party to the contract does not arise. The applicant is not a supplier for infrastructure shifting, precluding classification as a composite supply.
Advance Ruling Authority held that the value of "Deposit Contribution Works" for discharging Goods & Services Tax should be restricted to "Establishment and Supervision Charges" and other applicable charges received by the applicant in self-execution schemes. The applicant is neither supplier nor recipient of services for demolition, shifting, construction, and installation works undertaken by third-party contractors upon customer's request. Since no goods or services are supplied by the applicant, except for supervision services, inclusion of other service values where the applicant is not a party to the contract does not arise. The applicant is not a supplier for infrastructure shifting, precluding classification as a composite supply.
Note: It is a system-generated summary and is for quick reference only.