Option of 18% GST with ITC or 7.5% GST without ITC exercised in respect of ongoing residential project is applicable for all units in entire project: AAR

Case details: Authority for Advance … Continue reading “Option of 18% GST with ITC or 7.5% GST without ITC exercised in respect of ongoing residential project is applicable for all units in entire project: AAR”

RBI rationalizes regulatory framework on Overseas Investment; Proposes segregation of regulatory and the operational part in rules and regulations respectively

[2021] 129 taxmann.com 232 (Article) … Continue reading “RBI rationalizes regulatory framework on Overseas Investment; Proposes segregation of regulatory and the operational part in rules and regulations respectively”

Delhi Govt. notifies Medical Oxygen Production Promotion Policy of Delhi, 2021; allows 100% reimbursement of SGST

Notification No. DCI/PC/2021/321/1225 Dated August … Continue reading “Delhi Govt. notifies Medical Oxygen Production Promotion Policy of Delhi, 2021; allows 100% reimbursement of SGST”

GST Council to resolve issue of transitional credit not reflected in Electronic Credit Ledger due to technical glitches: Madras HC

Case details: J. Saraswathiammal Powerloom … Continue reading “GST Council to resolve issue of transitional credit not reflected in Electronic Credit Ledger due to technical glitches: Madras HC”

ST leviable on Venture Capital Funds established as trust & rendering portfolio management services to contributors

Case details: ICICI Econet Internet … Continue reading “ST leviable on Venture Capital Funds established as trust & rendering portfolio management services to contributors”