In the recent ruling by Gujarat Authority of Advance ruling ruled that no GST shall be levied on the amount representing employee’s portion of canteen charges. The ruling sought by M/s Tata Motors Ltd. on the employee’s portion of canteen charges. Facts In the application for ruling the company said that the company is recovering...
Interest on reversal of Input Tax Credit: Background With GST assessments in place, the interest on reversal of input tax credit is one of the most controversial topics. Any erroneous claim of input tax credit along with interest liability requires reversal under GST regulations. Such reversal of erroneous credit and subsequent interest liability has always...
Background: Intermediary under GST GST being a destination-based consumption tax is charged in accordance with the place of supply of goods/services. In this regard, the term ‘Intermediary’ occupies a significant analysis for identifying the GST implications with respect to transactions where the place of supply is outside India. Intermediary is defined under sub-section (2) of...
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