Distressed sale of immovable property
Potential solutions for sale/buy below guideline value
JUDGEMENT REGARDING AVAILMENT OF AD HOC DEDUCTION ON SALE OF UNDER CONSTRUCTION FLATS/UNITS
A Path-breaking judgement in the case of Munjaal Manishbai Bhat vs UOI in R/Special Civil Application no 1350 of 2021 by the Gujarat High Court wherein it has clarified that a portion of GST Notification mandating the deduction of a one-third of the value of land towards construction services deeming it “arbitrary” and thereby struck […]
GST and Service Tax on Secondment of Employees Annveshan
The Apex Court in the matter of Northern Operating Systems Private Limited held that service tax was liable on secondments to Indian entities from overseas groups under the earlier regime of service tax. This will certainly have huge implications under the current regime as the law is the same as under service tax
Weekly Update – 1
1.Circular / Instructions / Notifications – Goods and Service Tax (GST) 2. Judicial Pronouncement – Goods and Service Tax (GST) – Service Tax / Central Excise / VAT
Weekly Update – 2
1.Circular / Instructions / Notifications – Goods and Service Tax (GST) – Directorate General of Foreign Trade (DGFT) 2. Judicial Pronouncement – Goods and Service Tax (GST) – Service Tax / Central Excise / VAT
HAVEN’T FILED FORM -11?
It has been decided to allow LLPs tofile e-Form 11(Annual Return of LLPs) for the Financial Year 2021-2022without paying additional fees upto30th June, 2022.
Equalisation levy an overview with due date
Applicability: Assessee liable to pay the levy
Notifications to give the effect of the Recommendation of 47th GST COUNCIL MEETING
Series of Notification has been issued on 05.07.2022 by CBIC to give effect to some of the recommendations of the 47th GST Council Meeting held on 29th and 30th June 2022.The nuclei of the same are provided herein below.