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A2ZTaxCorp’s Weekly GST Communique dated November 15, 2021

Including a.o.:

  • Deleted addition of value of goods deemed to be supplied in execution of works contract services in trading turnover
  • Maharashtra AAR rule that ITC can’t be claimed on indirect expenses when dealer is engaged in selling of second hand goods
  • Whether Merchant trade transaction’ involving goods movement in non-taxable territory liable to IGST
  • HVAT: Clarified that for determining the taxable turnover, the charges incurred before entering into the works contract agreement shall also be reduced

Source: a2ztaxcorp.com

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