Indirect Tax Weekly Digest | 22 September 2020

Read more about Indirect Tax Legislative, Judicial updates and Foreign Trade Policies in The Indirect Tax Weekly Digest by BDO in India.

This edition of the weekly digest highlights:   

• AAR, Karnataka - Landfilling pit is not plant and machinery but a civil structure;
• AAR, Gujarat - The value of land in case of sale of residential property shall be 33.33% of the consideration, even if the actual cost of land is ascertainable;
• AAR, Karnataka - Monthly rent and notional interest on renting services will form part of taxable value.

We hope you find it useful and an interesting read.