Articles GST

Credit of GST paid on inputs used for construction of shopping mall is allowed, where assessee is required to pay GST on rental income from such shopping mall : High Court of Orissa

Facts of the case: The petitioner carries business of constructing shopping malls for the purpose of letting out of the same to numerous tenants and lessees. Huge quantities of materials and other inputs are re...

Articles GST

Composition Scheme for Service Providers (Notification 2/2019 – Central Tax Rate)

Government has come up with composition scheme for small service providers and scheme is applicable for invoices issued by a person on or after April 01, 2019 for this financial year. This scheme is applicable ...

Articles GST

Collection of Utility Charges shall attract GST taxed as Composite Supply

Facts: Applicant is engaged in business of exhibition and business services, accommodation in hotels, inn, guest house, club or camp site etc. services, and restaurant services. Agreement between lessor (appl...

Articles GST

Order of Utilization of ITC (Notification 16/2019 – Central Tax)

An important amendment to CGST Rules have been made to give flexibility in utilizing ITC of Integrated Tax. A new rule 88A is inserted in CGST Rules, according to which ITC of integrated tax can be utilized to ...

Articles GST

Clarification on various promotional schemes under GST

Sr. No. Types of Discount Examples Whether considered as Supply Availability of ITC to supplier 1  Free Samples and Gifts Drug samples given to dealers by pharmaceutical companies No. This is not a Supply as ...

Articles GST

Non-Compete Fees not taxable under GST

In a recent judgement given by Kerala High Court in cases pertaining to pre-GST regime relating to transfer of trademark & patent rights by companies registered in the state of Kerala to transferees registe...