Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
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%.
Note: It is a system-generated summary and is for quick reference only.
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