Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
AAAR ruled that in a lumpsum turnkey EPC contract between Company A and Company B, the contract cannot be legally divided into separate parts despite high seas sale (HSS) of goods. The contract was deemed indivisible as the appellant was contractually obligated to provide both goods and services. While HSS transactions are neither supply of goods nor services under Schedule III of CGST Act, the value of imported goods sold on HSS basis must be included in the transaction value for GST calculation under Section 15. The AAAR rejected appellant's reliance on BSNL and Gannon Dunkerley precedents, affirming that the contract's integrated nature requires inclusion of HSS goods value in overall GST computation. Appeal dismissed.
AAAR ruled that in a lumpsum turnkey EPC contract between Company A and Company B, the contract cannot be legally divided into separate parts despite high seas sale (HSS) of goods. The contract was deemed indivisible as the appellant was contractually obligated to provide both goods and services. While HSS transactions are neither supply of goods nor services under Schedule III of CGST Act, the value of imported goods sold on HSS basis must be included in the transaction value for GST calculation under Section 15. The AAAR rejected appellant's reliance on BSNL and Gannon Dunkerley precedents, affirming that the contract's integrated nature requires inclusion of HSS goods value in overall GST computation. Appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
