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Income tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT

MESSAGE BOARD

   

Treading GST Path - XIX - ITC on supporting structures


ITC exclusion - supporing structures

Three possibilities mentioned by the Author needs sound reading and analysis.

Going by the intention extended or changes made based on advocacy from First MGL to Revised MGL my view is that the word “by foundation or structural support that are used for making outward supply” refers to all the items mentioned in plant and machinery explanation and not confined to telecommunication tower alone. In short the intention is to allow ITC of such works contract service for all movable items and for certain immovable items like plant, machinery, equipment, telecommunication tower etc. as referred even if they are fixed in to earth

With regard to the expression ‘used for making outward supply’ this is the side effect of changes made in input, capital goods & input service definition from First MGL to Revised MGL. The limiting said word has been removed in the Revised MGL to “used or intended to be used by a supplier in the course or furtherance of business” in Sec.2. Corresponding amendment is required in exclusion clause of ITC also

govindan_mani govindan_mani 27/02/2017

 

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