Amounts Collected towards Local Area Development, which form part of value of lease/rental services Taxable under Forward Charge Mechanism: AAR [Read Order]

The Authority for Advance Ruling (AAR) ruled that the amount collected towards the Local Area Development Fund part of the value forms of supply of rental/lease services are taxable under a forward charge mechanism. The applicant, Karnataka Solar Power Development Corporation Limited is a joint venture company of Solar Energy Corporation of India, Government of […]

The post Amounts Collected towards Local Area Development, which form part of value of lease/rental services Taxable under Forward Charge Mechanism: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2V7wZFo