Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
The Delhi Department of Trade & Taxes adopted CBIC Circular No. 242/36/2024 clarifying place of supply rules for online services to unregistered recipients under GST. The circular mandates that suppliers providing online services, OIDAR services, or services through e-commerce operators to unregistered recipients must record the recipient's state name on tax invoices regardless of supply value. This recorded state name constitutes the address on record, making the recipient's location the place of supply under Section 12(2)(b)(i) of IGST Act. The clarification extends beyond OIDAR services to cover all online/digital services including OTT subscriptions, e-newspapers, and mobile app services. Non-compliance with mandatory invoice particulars may attract penalties under Section 122(3)(e) of CGST Act. Suppliers must establish mechanisms to collect recipient state details before service provision.
The Delhi Department of Trade & Taxes adopted CBIC Circular No. 242/36/2024 clarifying place of supply rules for online services to unregistered recipients under GST. The circular mandates that suppliers providing online services, OIDAR services, or services through e-commerce operators to unregistered recipients must record the recipient's state name on tax invoices regardless of supply value. This recorded state name constitutes the address on record, making the recipient's location the place of supply under Section 12(2)(b)(i) of IGST Act. The clarification extends beyond OIDAR services to cover all online/digital services including OTT subscriptions, e-newspapers, and mobile app services. Non-compliance with mandatory invoice particulars may attract penalties under Section 122(3)(e) of CGST Act. Suppliers must establish mechanisms to collect recipient state details before service provision.
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