The case involved the imposition of luxury car tax and GST and the characterisation of the taxpayer’s “purpose” in displaying a number of luxury motor vehicles in a “car museum” in circumstances where each of the vehicles was available for sale and was, in fact, sold. Were the vehicle...
Transportation of goods without a valid tax invoice can be a reason for the detention of goods and vehicles and fines will be also imposed Customers may deny accepting and/or pay goods if a valid tax invoice is not available as this would affect the receiver’s eligibility to receive ITC be...
GST is not payable on Human hair, unworked, whether or not washed or scoured; waste of human hair Semen including frozen semen. GST on Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage is nil rate. GST is not payable on sale of Fresh vegetables...
Clarifications via Circulars Clarifications on place of supply for advertising services, ITC on demo vehicles, and place of supply for data hosting services to be issued. PYQ: [2018] Consider the following items: 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. ...
Providing latest updates on Direct and Indirect Tax laws including income tax and GST, with Corporate Laws which are being used by the professionals and business entities in day to day activity.
You need to have separate FASTags for separate vehicles In case of loss of FASTag, you can call the issuer agency and block your FASTag. On creation of a new account, your balance amount will be updated in the new account. Currently, FASTag is being used on over 480 National Highway...
home office expenses, only if this your principal place of business or this is the only space you earn your business income, and you use it regularly Qualifying Capital Expenses photocopier machine, computers, cash registers machinery and vehicles ...
Can we get an Input Tax Credit for capital expenditures like Solar panels, vehicles, etc.? Input Tax Credit (ITC) on capital goods is generally available if they are used in the course of business. However, the input tax credit is not available on cars unless you are in the business of...
It has sought to bring solutions to major issues related to- GST tax evasion, GST reductions in cases of electric vehicles, GST invoicing on the Government portal, Synchronization of the E-wa Read More 01 Jan 1970Posted By: E-StartupIndia 35th GST Council Meeting passes the New GST ...
Used for imparting training on driving, flying, or navigating such vehicles or conveyances Other Scenarios Other scenarios, such as – On membership of clubs and health & fitness centres, rent-a-cab services and life & health insurance taken for employees, except notified services which are oblig...