Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
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 
of 4801
Join Channel
TaxTMI 
