Key Updates On Goods And Services Tax

The outset of the new financial year continues to witness new amendments and clarifications being brought in by the government under GST. Certain key developments are:

Advance Rulings/Writ Petition

• The Authority for Advance Ruling (AAR), Kerala has ruled that the recovery of food expenses from the employees for canteen services provided by the company would come under the definition of 'outward supply' and hence, it would be taxable under GST.
• In a writ petition, the Bombay High Court held that a one-time lease premium consideration on any lease or letting-out building, including commercial, industrial or residential complex for business, either wholly or partly, would qualify as supply under Section 7 of the CGST Act, 2017 and would attract GST.