Union Budget 2022-2023:
Memorandum Explaining the Provisions in the Finance Bill, 2022
Key Features of Budget 2022-2023
Key to the Budget Documents 2022-2023
Goods and Services Tax Law Updates:
The Hon’ble High Court directed that the impugned assessment order creating demand of tax, interest and penalty, has been passed without affording opportunity of hearing contemplated in Section 75(4) of the Central Goods and Services Tax, 2017/ U.P. Goods and Services Tax, 2017 and thus, the impugned order being patently in breach of principles of natural justice, is unsustainable and deserves to be quashed.
ITC is eligible on GST paid under Reverse Charge Mechanism @ 5% for hiring of buses for transportation of employees but only with effect from 01/12/2019.
GST exemption vide Sr. No. 3 of Notification No. 12/2017 is applicable on Comprehensive architectural services that includes architectural design, structural design, MEP design , HVAC services design, preparation of drawings etc for repairs/ restoration, reconstruction for development of recreation ground cum textile museum at United India Mills at Kala chowky provided by the Applicant to Municipal Corporation of Greater Mumbai.
Supply of Reverse Osmosis Plant/system (RO Plant/system) to Indian Navy/Indian Coast Guard in normal course ATTRACTS 18% GST. The subject supply of impugned goods cannot be given the benefit of concessional rate of GST as per Sr. No. 252 of Notification No. 01/2017-Central Tax (Rate) dated 28.06.2017.
The Poona Club Limited [MAHARASHTRA-AAR GST-ARA-123/2019-20/B-12 Date : 31/01/2022]
Membership fee collected from members at the time of giving membership is liable to tax under GST Act. And the annual subscription and annual games fee collected from members of club is also liable to tax GST.
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