Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
The AAR held that the applicant's supply of manpower to a Govt. space research centre constitutes "manpower recruitment and supply services" and is a taxable supply under the CGST Act. Interim payments made by the recipient to outsourced workers during the COVID-19 lockdown, pursuant to contractual arrangements, form part of the consideration for such taxable services. The subsequent disbursement of the entire amount to workers does not alter the taxability or reduce the taxable value. The office memorandum treating contractual/outsourced staff as "on duty" during lockdown and directing continued payment of wages is a labour-protection measure and does not create any GST exemption. As no specific exemption applies, GST is payable on the full consideration, and the applicant must regularise the corresponding tax liability.
The AAR held that the applicant's supply of manpower to a Govt. space research centre constitutes "manpower recruitment and supply services" and is a taxable supply under the CGST Act. Interim payments made by the recipient to outsourced workers during the COVID-19 lockdown, pursuant to contractual arrangements, form part of the consideration for such taxable services. The subsequent disbursement of the entire amount to workers does not alter the taxability or reduce the taxable value. The office memorandum treating contractual/outsourced staff as "on duty" during lockdown and directing continued payment of wages is a labour-protection measure and does not create any GST exemption. As no specific exemption applies, GST is payable on the full consideration, and the applicant must regularise the corresponding tax liability.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
