Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
The deposit work undertaken by the applicant and 6% supervision charges received for supervision and monitoring of deposit work related to transmission or distribution of electricity do not qualify for exemption under Entry 25 of N/N. 12/2017-CT (R) dated 28.06.2027 issued under GST Laws, as they are ancillary/incidental to the principal supply of transmission or distribution of electricity. The applicant is entitled to ITC of GST paid to contractors on execution of said work and GST paid on materials and equipment supplied free of cost out of its stock, as it is used for furtherance of business. However, reversal of ITC is required u/s 17(2) of CGST Act read with Rule 42 and 43 of CGST Rules. The deposit contribution works (support services) undertaken by the applicant are taxable supplies at 9% rate under SAC-998631, as per Entry SI No. 25 of Notification No. 11/2017-CT dated 28.06.2017.
The deposit work undertaken by the applicant and 6% supervision charges received for supervision and monitoring of deposit work related to transmission or distribution of electricity do not qualify for exemption under Entry 25 of N/N. 12/2017-CT (R) dated 28.06.2027 issued under GST Laws, as they are ancillary/incidental to the principal supply of transmission or distribution of electricity. The applicant is entitled to ITC of GST paid to contractors on execution of said work and GST paid on materials and equipment supplied free of cost out of its stock, as it is used for furtherance of business. However, reversal of ITC is required u/s 17(2) of CGST Act read with Rule 42 and 43 of CGST Rules. The deposit contribution works (support services) undertaken by the applicant are taxable supplies at 9% rate under SAC-998631, as per Entry SI No. 25 of Notification No. 11/2017-CT dated 28.06.2017.
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