GST ITC Is Not Admissible On Amount Paid To Canteen Service Providers, Amount Recovered From The Employees: Uttarakhand AAR
2 years, 3 months ago

GST ITC Is Not Admissible On Amount Paid To Canteen Service Providers, Amount Recovered From The Employees: Uttarakhand AAR

Live Law  

The Uttarakhand Authority of Advance Ruling has ruled that the Input Tax Credit is not admissible on the amount paid to the canteen service providers and on the amount recovered from the employees.The two-member bench of Rameshwar Meena and Anurag Mishra has observed that the nominal amount of recoveries made by the applicant from the employees who are provided food in the. The Uttarakhand Authority of Advance Ruling has ruled that the Input Tax Credit is not admissible on the amount paid to the canteen service providers and on the amount recovered from the employees. The two-member bench of Rameshwar Meena and Anurag Mishra has observed that the nominal amount of recoveries made by the applicant from the employees who are provided food in the factory canteen would be considered a "supply." Another question raised was whether GST should be levied on the amount recovered from employees for food provided in the factory canteen or on the amount paid by the applicant to the canteen service provider.

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History of this topic

Deduction Of Nominal Amount From Employee's Salary For Availing Food Facility Is Not 'Supply': Gujarat AAR
8 months, 1 week ago

Deduction Of Nominal Amount From Employee's Salary For Availing Food Facility Is Not 'Supply': Gujarat AAR

Live Law  

The Gujarat Authority of Advance Ruling has ruled that deduction of nominal amount from employee's salary for availing food facility is not 'supply' under the provisions of Section 7 of the CGST Act, 2017.The bench of Amit Kumar Mishra and Milind Kavatkar has observed that the exceptions are Schedule-I, which includes activities made or agreed to be made without consideration,. …

Subsidized Deduction Made From The Employees Availing Food In The Factory/Corporate Office Would Not Be Considered A 'Supply' Under GST: AAR
1 year, 11 months ago

Subsidized Deduction Made From The Employees Availing Food In The Factory/Corporate Office Would Not Be Considered A 'Supply' Under GST: AAR

Live Law  

The Gujarat Authority for Advance Ruling has held that a subsidized deduction made by the applicant from the employees who are availing food in the factory or corporate office would not be considered a 'supply' under the GST Act.The bench of Amit Kumar Mishra and Milind Kavatkar has observed that input tax credit will be available to the applicant on …

GST ITC Available On Trading Of Meat Products, Packed Cold Cuts Spices, Masala Powder: Karnataka AAR
2 years, 1 month ago

GST ITC Available On Trading Of Meat Products, Packed Cold Cuts Spices, Masala Powder: Karnataka AAR

Live Law  

The Karnataka Authority for Advance Ruling has ruled that the GST Input Tax Credit is available for the trading of meat products, packed cold cuts, spices, and masala powder.The two-member bench of M.P. The Karnataka Authority for Advance Ruling has ruled that the GST Input Tax Credit is available for the trading of meat products, packed cold cuts, spices, and …

No GST Leviable In The Hands Of Employer On Amount Representing Employees Portion of canteen charges: Gujarat AAR
2 years, 10 months ago

No GST Leviable In The Hands Of Employer On Amount Representing Employees Portion of canteen charges: Gujarat AAR

Live Law  

The Gujarat Authority of Advance Ruling consisting of members Atul Mehta and Arun Richard ruled that no GST is leviable in the hands of the employer on an amount representing the employee portion of canteen charges. Cadila submitted that it was mandatory to provide canteen facilities to its employees at the factory and provide canteen facilities to its employees at …

GST rule change to limit tax credits
3 years, 6 months ago

GST rule change to limit tax credits

Live Mint  

New Delhi: A rule change cleared by the federal indirect tax body, the Goods and Services Tax Council, last week shows the government’s intention to restrict input tax credits to businesses, PwC said in an analysis of the Council’s decisions. The Council had said a rule relating to input tax credits would be amended to align it with a new …

Tax officials may examine high usage of input tax credit to set off GST liability
6 years, 2 months ago

Tax officials may examine high usage of input tax credit to set off GST liability

Live Mint  

New Delhi: Concerned over a decline in GST revenues, tax officials are likely to examine the high usage of input tax credit to set off tax liability by businesses, sources said. According to sources, availing ITC ideally should not result in loss of revenue but there could be possibility of misuse of the provision by unscrupulous businesses by generating fake …

GST: Eateries should cut rates of food items cashing in on input tax credit:, says Hasmukh Adhia
7 years, 8 months ago

GST: Eateries should cut rates of food items cashing in on input tax credit:, says Hasmukh Adhia

Firstpost  

Restaurants, hotels and eateries should cut rates on food items in their menu to reflect the benefit of being able to set off tax paid on inputs under GST, Revenue Secretary Hasmukh Adhia said today. New Delhi: Restaurants, hotels and eateries should cut rates on food items in their menu to reflect the benefit of being able to set off …

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