Clipped from: https://taxguru.in/income-tax/sale-property-india-nri-tds-provisions-buyers-sellers.html When a person purchases immovable property from a Non-Resident in India, He or She is liable to deduct TDS on the entire Sale
Day: April 8, 2023
👍👍👍GST on Restaurant Services through E-Commerce Operators Swiggy, Zomato
Clipped from: https://taxguru.in/goods-and-service-tax/gst-restaurant-services-e-commerce-operators-swiggy-zomato.html GST on Services supplied by Restaurants through E-Commerce Operators like Swiggy, Zomato, etc. “Restaurant Service” as defined in Notification No. 11/2017 –Central Tax (Rate) means supply,
👍👍👍No GST on amount of employee’s portion of canteen charges recovered
Clipped from: https://taxguru.in/goods-and-service-tax/gst-amount-employees-portion-canteen-charges-recovered.html In re AIA Engineering Limited (GST AAR Gujarat) 1. Whether GST is applicable on the amount representing the employee’s portion of canteen charges
👍👍👍👍👍AAR ruling on admissibility of input tax credit can be sough by supplier only
Clipped from: https://taxguru.in/goods-and-service-tax/aar-ruling-admissibility-input-tax-credit-supplier.html In re Yogendra Bansidhar Bhatt (GST AAR Gujarat) A conjoint reading of the sections 95(a) and (c), 97 and 103 of the CGST
Taxes on Cooperative Societies
Clipped from: https://taxguru.in/income-tax/taxes-cooperative-societies.html As per Budget announcement 2023-24, following income tax related benefits are being proposed for the Cooperative Societies: i. The new co-operative society formed
👍👍👍Amendment in Section 43B of Income Tax related to MSME
Clipped from: https://taxguru.in/income-tax/amendment-section-43b-income-tax-related-msme.html AMENDMENT RELATED TO MSME 1. As per amendment made by the Finance Act, 2023 where payment to ‘micro’ or ‘small’ vendor registered under MSME Act,
👍👍👍👍👍GST applicable on Voluntary Gratuitous Payment from Outgoing Members of Housing Cooperative Society: AAAR
Clipped from: https://www.taxscan.in/gst-applicable-on-voluntary-gratuitous-payment-from-outgoing-members-of-housing-cooperative-society-aaar/267143/?utm_campaign=Campaign+Name&utm_medium=email&utm_source=Newsletter The Maharashtra Appellate Authority of Advance Ruling (AAAR) has ruled that GST is payable on voluntary gratuitous payment from an outgoing member of
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