GST payable on Toll Reimbursements: AAR [Read Order]
The Authority for Advance Rulings (AAR), West Bengal has held that the reimbursement of toll charges will attract Goods and Services Tax ( GST ). The Authority noted that though there is no GST on
ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted disallowance made on account of depreciation on the right to collect annuity on toll roads. The assessee, M/s. Gorakhpur Infrastructure Co. Ltd. is engaged in
Interdepartmental Communication insufficient to Claim Exemption from Additional Toll: J & K & L HC [Read Order]
“Taxes and levies can be imposed or collected only by authority of law and exemption, if any envisaged therein, too, can be by authority of law.” - Jammu and Kashmir & Ladakh High Court The
Kerala Floods: NHAI waives Toll Fee till 26th August
National Highways Authority of India ( NHAI ) has waived off user fee at three toll plazas in Kerala in view of the unprecedented flood situation in the state. The waiver has been made on
Toll Tax in Highways: Telangana High Court asks to produce List of Exempted Dignitaries
While considering to grant an interim relief in connection with a writ petition filed by advocates D Vidyasagar and S Naresh, the Telangana High Court has directed the petitioners’ counsel to furnish the list of
Service Tax leviable on Collecting Toll Amount on behalf of Corporate Entity: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that the act of collecting toll amount on behalf of the corporate entity backed by Government is subject to service tax under
DND Flyover Toll Tax: SC refuses to stay Allahabad HC Order
The Supreme Court on Friday has refused to grant stay order to the Allahabad High Court order removing toll on the Delhi-Noida-Delhi (DND) flyway. The High Court decision was on a petition filed by the Federation
J & K Govt to abolish Toll Tax under GST regime
After implementing the Goods and Services Tax from 8th July 2017, Jammu and Kashmir is now also planning to abolish toll tax. “It goes against the spirit of GST. Most traders have sought the abolition
Service Tax not applicable on payments by NHAI to Toll Operators allowing Free access to Roads during Demonetisation period: CBIC [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that, Service Tax not applicable on payments by NHAI to toll operators allowing Free access to Roads during Demonetisation period. The CBIC Circular said
GST: Reimbursement of Toll Charge liable to include in the Value of Supply and are Taxable, rules AAR [Read Order]
The Tamil Nadu Authority for Advance Ruling ( AAR ) has held that reimbursement of toll charges is liable to include in the value of supply and is taxable under GST Act. The applicant, NTL
Toll Way Rights are Intangible Assets: ITAT allows 25% Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the tollway charges, being an intangible asset, are eligible for 25% depreciation under the Income Tax Act, 1961. The Assessing officer, while completing the
Collection of Toll Charges by sub-Contractor exempt from GST: AAR [Read Order]
The Authority for Advance Rulings (AAR), Madhya Pradesh has ruled that no Goods and Services Tax (GST) is payable on collection of toll charges by sub- contractors. The applicant was engaged in wholesale business, bonded
Toll Booths to Vanish in a year: Collection to be based on GPS Imaging
Union Minister Nitin Gadkari informed the Parliament on Thursday that Toll booths across the country will vanish within a year. "I want to assure the House that within one year, all physical toll booths in
Karnataka HC seeks Union’s response over Toll Tax Exemption for Farmers during COVID-19 [Read Order]
The High Court of Karnataka asks the Central Government whether an exemption can be granted to farmers from paying toll tax on highways for a limited period considering the necessity which has arisen due to
Depreciation allowable on Toll Collection Rights: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the depreciation under section 32 of the Income Tax Act, 1961 is allowable on toll collection rights as the same would be