Tax Consultant

  1.        Matter:-    A Dealers who is operating an hotels and also running a restaurant in hotel wants to redesign his restaurant. He received invoices for consultancy or planning services for the same. Is the ITC on the invoices received from dealer is eligible or not?   2.        Block Credit Under GST :-    As per section 17(5) ITC on some services are restricted and works contract is also included in the same.   Section 17(5)(c) :-   “Works contract services when supplied for construction of immovable property, other than plant & machinery, except where it is an input service for further supply of works contract;” Section 17(5)(d)   :-    “ Goods or services received by a taxable person for construction of immovable property on his own account, other than plant & machinery, even when used in course or furtherance of business; “ Explanation :- ...

  W.e.f. 01 st Jan 2022 the rate of GST on works contract services for specific contract provided to government authority and government entities will be changed.   Tax Rate On or Before 31.12.2021   1.       For Works Mentioned In Item(iii) And (vi) GST Rate Was 12% For Providing Services To Central Government/State Government/Union Territory/Local Authority/ Governmental Authority/ Govt Entity And 18% For Providing Services To Others.   2.       For Works Mentioned In Item (iv) ,(v) And (viii) GST Rate Was 12% For Providing Services To Any Body.     3.       For Works Mentioned In Item (vii) GST Rate Was 5% For Providing Services To Central Government/State Government/Local Authority/ Governmental Authority/ Govt Entity And 18% For Providing Services To Other.   The same is notified by the government vide notification no 11/2017, 20/2017, 24/2017 and 3...

           F. No. 354/32/2019 Government of India Ministry of Finance Department of Revenue (Tax Research Unit)   Dated the 14 th May, 2019, New Delhi Subject: FAQs (Part II) on real estate- reg.   A number of issues have been raised regarding the new GST rate structure notified for real estate sector effective from 01-04-2019. A compilation of Frequently Asked Questions (FAQs) containing 41 questions was issued on 7 th May, 2019. Part II of the FAQ is presented below. The answers to the FAQs have been given in simple language for guidance and easy understanding of all stakeholders in the real estate sector. They do not have force of law. In case of conflict, the gazette notifications, which have legal force, shall have precedence.   Sl. No. Question Answer 1. In case of an area sharing arrangement between a Landowner-Promoter and ...