INTRODUCTIONAs was being promoted, Goods and Services Tax (GST) was touted to be the single biggest tax reform to takeplace in India post-independence. It was intended to be a good and simple tax. It indeed is (pun intended). To this end, one laudable objective was to provide an authority for advance ruling (AAR) which would,…
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IntroductionVirtual currencies, the most popular of them being ‘bitcoin’, have taken the world by a storm in this last decade. Currently, there are over 1600 virtual currencies being circulated. This number is growing. Unlike money, which is legal tender, virtual currencies are decentralized, unregulated and uninhibited. Cryptoassets, and virtual currencies in particular, are in rapid…
Transferable Development Right (TDR) is compensation in the form of Floor Price Index (FSI) or Development Rights, which shall entitle the owner to construction of a built-up area. This FSI is issued in a certificate, which shall be called a ‘Development Right Certificate.’ A Development Rights Certificate (DRC) shall be issued by the municipal commissioner…
The petitioner was providing 3D map-making services to an entity based in Abu Dhabi. It imported satellite images from the UK. The images were processed and sent to Abu Dhabi via File Transfer Protocol (FTP) (email). It applied for a refund of accumulated input tax credit under Section 54 of the CGST Act, 2017, claiming…
The petitioner provided services of preparation of a Detailed Project Report for the purpose of development of the Metro Rail Project for the City of Surat, Gujarat. The said service was exempt from GST. However, the petitioner paid GST on the same under 'mistake of law. The payment was made in August 2017. The petitioner…
The petitioner is a former director of a company. He had resigned. His account came to be attached under Section 83 of the CGST Act by the State Tax Officer for alleged pending dues of the company. The attachment was challenged by way of writ. It was contended that attachment under section 83 can be…