Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
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Mobilisation advances under a works contract are treated as consideration for supply, and works contracts are treated as services; accordingly the advance is a payment for the supply. Time of supply for such services follows the provisions applicable to services, permitting an invoice for an advance to be issued before provision of service. Absent issuance of an invoice within the prescribed period, the liability to pay GST arises on the date of receipt of the advance. If an invoice for the advance is issued within the period prescribed under the invoicing provision, tax liability is the earlier of invoice date or receipt date.
Mobilisation advances under a works contract are treated as consideration for supply, and works contracts are treated as services; accordingly the advance is a payment for the supply. Time of supply for such services follows the provisions applicable to services, permitting an invoice for an advance to be issued before provision of service. Absent issuance of an invoice within the prescribed period, the liability to pay GST arises on the date of receipt of the advance. If an invoice for the advance is issued within the period prescribed under the invoicing provision, tax liability is the earlier of invoice date or receipt date.
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