Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
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 4809 
Join Channel 
