Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Packaged drinking water supplied with food in a restaurant is treated as part of composite restaurant service, so its value forms part of the transaction value even if billed separately. On that basis, GST applies at 5% to the total invoice value for restaurant service, subject to the condition that input tax credit on goods and services used in supplying the service has not been availed. The text also explains that the hotel premises will not be treated as "specified premises" where the previous financial year's room value does not exceed Rs. 7,500 per unit per day, with the result that the concessional restaurant rate continues to apply.
Packaged drinking water supplied with food in a restaurant is treated as part of composite restaurant service, so its value forms part of the transaction value even if billed separately. On that basis, GST applies at 5% to the total invoice value for restaurant service, subject to the condition that input tax credit on goods and services used in supplying the service has not been availed. The text also explains that the hotel premises will not be treated as "specified premises" where the previous financial year's room value does not exceed Rs. 7,500 per unit per day, with the result that the concessional restaurant rate continues to apply.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
