ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
AAR held that paddy qualifies as "agricultural produce" as it is derived from cultivation of plants and undergoes only such processing (dehusking) as is normally carried out by a cultivator, without altering its essential characteristics, merely rendering it marketable in the primary market. Consequently, paddy falls within the scope of "agricultural produce" under the relevant GST notification. Therefore, services by way of renting of a godown used exclusively for storage of paddy are covered under Entry 54 of Notification No. 12/2017-Central Tax (Rate), attracting Nil rate of GST, and such rental income is not liable to GST.
AAR held that paddy qualifies as "agricultural produce" as it is derived from cultivation of plants and undergoes only such processing (dehusking) as is normally carried out by a cultivator, without altering its essential characteristics, merely rendering it marketable in the primary market. Consequently, paddy falls within the scope of "agricultural produce" under the relevant GST notification. Therefore, services by way of renting of a godown used exclusively for storage of paddy are covered under Entry 54 of Notification No. 12/2017-Central Tax (Rate), attracting Nil rate of GST, and such rental income is not liable to GST.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
