Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
AAR held that the Applicant and the Counterparty do not qualify as a Union territory or a local authority for GST purposes. Contracts initially fell under Notification cl. 3(vi) attracting concessional GST at 12%. Notification amendments effective 01.01.2022 removed governmental authorities/entities from cl. 3(vi), and cl. 3(vi) was omitted w.e.f. 18.07.2022, abolishing the concessional category. Consequently, works contract services supplied by the Applicant to the Counterparty are chargeable under the residual rate provision (cl. 3(xii)), attracting GST at 18% with effect from 01.01.2022 (and clearly from 18.07.2022). Operation and maintenance services furnished as part of installation and commissioning constitute a composite works contract and thus attract GST at 18% from the stated dates.
AAR held that the Applicant and the Counterparty do not qualify as a Union territory or a local authority for GST purposes. Contracts initially fell under Notification cl. 3(vi) attracting concessional GST at 12%. Notification amendments effective 01.01.2022 removed governmental authorities/entities from cl. 3(vi), and cl. 3(vi) was omitted w.e.f. 18.07.2022, abolishing the concessional category. Consequently, works contract services supplied by the Applicant to the Counterparty are chargeable under the residual rate provision (cl. 3(xii)), attracting GST at 18% with effect from 01.01.2022 (and clearly from 18.07.2022). Operation and maintenance services furnished as part of installation and commissioning constitute a composite works contract and thus attract GST at 18% from the stated dates.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
