WebAug 25, 2024 · This section will elaborate on the tax treatment of free supplies under GST, first, by outlining the relevant regime and second, by discussing some recent precedents … http://idtc-icai.s3.amazonaws.com/download/knowledgeShare18-19/impact_on_GST_on_free_supplies_and_free_samples.pdf
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WebApr 13, 2024 · Phoenix Legal. India April 13 2024. There are few controversies under the indirect taxes that refuse to settle down. One such issue is related to the taxability of ‘Liquidated Damages ... WebGenerally, interest income received is an exempt supply under Part I of the Fourth Schedule to the GST Act. However, financial services that can qualify as international services … business ethics exercises
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WebApr 12, 2024 · It is withdrawal of his own goods from joint ownership. However, under GST there can be different interpretation as firm is considered separate entity , different from … WebJul 19, 2024 · A transaction must be a ‘supply’ as defined under the GST law to qualify as a non-taxable supply under the GST. Note: Only those supplies that are excluded from the scope of taxation under GST are covered by this definition – i.e., alcoholic liquor for human consumption, articles listed in section 9(2) or in schedule III. WebTaxability of free supplies under GST TaxGuru October 6, 2024 See publication. IBC Case Compilation. ... Application under section 9 of the IBC to be equipped with the … business ethics for dummies pdf