1. Whether supply of medicines and allied items through the pharmacy of a hospital (run by the hospital itself) attracts tax liability under GST? Held: Yes In case of M/s Ernakulam Medical Centre Private Ltd.-AAAR Kerala, the applicant runs a hospital, which is rendering medical services with professionals like doctors, nursing staff etc. In GST, …
Whether GST is applicable on sales of business on going concern basis along with all assets and liabilities? Held: No In case of Rajashri Foods Pvt Ltd-AAR Karnataka held that transfer of business /unit as a going concern along with all assets and liabilities, either as a whole or an independent part thereof, for a …
Whether GST payables on sale of spiritual products like religious books, DVD, CD by a religious charitable trust? Held Yes. In case of Shrimad Rajchandra Adhyatmik Satsang Sadhana Kendra– AAR Maharashtra held that there was no specific exemption to registered charitable trusts for a supply of such goods under GST. The activities of ‘trade and …
GST is the biggest Indirect tax reforms which our Country has ever witnessed since Independence. Multiple taxes levied by different States/UT in their own unique way have now become history. Implementation of GST is said to be the game changer for the Indian Economy. The GST law in the Country is basically governed by its …
Accounting errors happen from time to time, but many common accounting mistakes can be avoided…
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