In this edition, we have come up with an article on analysis of value of land that should be deducted while arriving the value of supply of services. Everyone is aware that the GST law provides 1/3rd of total amount received towards deduction of land. Off late, there are judicial trends which endorsed the view that the deduction on deemed basis cannot be resorted if the assessee can show the original value. However, there are certain short-comings in such judgments which we have dealt in this article.
The next article on the interplay between Article 12 and Article 14 of DTAA. We have taken case studies to understand the interplay between both the articles and the instances when a particular income is taxable under Article 14.
We have also collated certain important judgments under direct tax and indirect tax laws, provided our comments wherever necessary.
Key Topics:
GST
- THE STORY OF DEDUCTION OF VALUE OF LAND – DEEMED VS. ACTUAL
DIRECT TAX
- INTERPLAY BETWEEN ARTICLE 12 AND ARTICLE 14 OF DTAA
SUMMARY OF JUDGEMENTS
- SUMMARY OF GST DECISIONS
- SUMMARY OF IT DECISIONS
