Tax Management India. Com TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

ITC on canteen

Goods and Services Tax - Started By: - Shankar Nayakar - Dated:- 17-4-2018 Last Replied Date:- 22-4-2018 - Dear sir,we are manufacturing co. and having canteen facility also in co. premises.third party is cooking here and raise invoice with GST to us .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

r, Please refer Section 17(5) of CGST Act, 2017. Moreover, it has no nexus with the business or furtherance of business. - Reply By Shankar Nayakar - The Reply = sir, please refer attached copy of AAR, where it is stated that in GST Scenario, providi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the amount recovered from the employee as it amounts to outward supply. - Reply By Shankar Nayakar - The Reply = Cannot we avail ITC against disbursement to to third party ? company is charging from employee concessional rate only. - Reply By Ganesha .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Dear Shankar In my view ITC can be availed, since as per section 17(5)(b)(i), if food and beverage is used for making output taxable supply of same category ITC is available. Also note that, since the employer and employee are related parties, GST in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d, if an assessee is unable to determine valuation under the Act due to various factors. Rules are not preferred to the Act. Rules are meant for help Rules cannot override the Act. - Reply By subramanian vijayakumar - The Reply = I endorse sethi ji v .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Reply By CASusheel Gupta - The Reply = Issue - Valuation as per Act/RulesSection 15 (1) on valuation states - The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for the said .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

wo parties are not related parties.Price means monetary consideration onlyEmployer and employee are related partiesSub section (4) provides that where the value of the supply of goods or services or both cannot be determined under sub-section (1), th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version