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GST ISSUES FOR GST COUNCIL

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 18-11-2017 Last Replied Date:- 21-11-2017 - With 23rd meeting of GST Council just over, to consider various implementation issues and rationalize rates etc in next meeting, here are fe .....

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should atleast be done for Railways / Metros / Airlines / Transportation and Industrial use meant for production of goods. In income tax Act, 1961, transfer pricing (TP) provisions provide for computation of Arms Length Price (ALP) as per TP methods .....

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plus, residual and resale price methods. It is suggested that GST rules on valuation for TP be aligned with income tax provisions on transfer pricing on methodology, documentation and compliances. Certain mandatory licenses / registrations / fees pay .....

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d input tax credit thereon. Motor vehicles are important like any other business asset / equipment / plant / machinery. It should be made clear that second hand / used vehicle sale will not attract GST if sold to unregistered person or if it was not .....

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of the cases, this is an investment or that planning exercise. Exemption to Resident Welfare Association (RWA) for maintenance of residential units deserves to be extended to units / offices in malls / commercial complexes which will be a great resp .....

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t for business / professional being business expenses, should be allowed for input credit and CGST / SGST paid thereon shall be allowed input tax credit. Registration of any immovable property located in India is taxed as per location of such propert .....

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ess / professional purposes. Restaurants may be categorized into two categories - serving alcoholic beverages and non-serving alco-beverages. The requirement of air conditioning be done away with as in almost all cases, it has become a necessity and .....

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for all input taxes paid on input / input services while manufacturing alco-beverages. Though this is a non- priority, looking at consumption levels, it ultimately burdens the consumer, yet yielding huge tax revenue. There can be some refund mechanis .....

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