Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
AAR held that the applicant's activity of supplying fitted assets on hire to occupants of a building constitutes leasing or renting services, as the applicant remains the legal owner and only grants access to utilities without transfer of possession. The installed assets, having become integral to the building, lose their character as movable goods; therefore, the supply is not leasing or renting of goods. The various services provided through machines and systems for a single consolidated per sq. ft. charge do not reveal any naturally bundled elements or principal supply and are therefore characterized as a mixed supply. Consequently, the transaction falls under serial no. 17(viii) of the relevant rate notification and is liable to GST at 18%.
AAR held that the applicant's activity of supplying fitted assets on hire to occupants of a building constitutes leasing or renting services, as the applicant remains the legal owner and only grants access to utilities without transfer of possession. The installed assets, having become integral to the building, lose their character as movable goods; therefore, the supply is not leasing or renting of goods. The various services provided through machines and systems for a single consolidated per sq. ft. charge do not reveal any naturally bundled elements or principal supply and are therefore characterized as a mixed supply. Consequently, the transaction falls under serial no. 17(viii) of the relevant rate notification and is liable to GST at 18%.
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