WebGSTR 2000/24: Goods and services tax: Division 129 – making adjustments for changes in extent of creditable purpose If you build new residential premises for sale, you're liable … WebJun 3, 2024 · Division 129 of the GST Act applies to circumstances where a developer, who constructs or develops property with the intention of selling as new residential …
Building and construction – residential premises
WebAll future legislative references are to provisions of the GST Act. Division 129. Division 129 applies where there has been a change in the extent of creditable purpose. Section 129-1 states that the extent to which an acquisition or importation is for a creditable purpose affects the amount of the resulting input tax credit entitlement. WebJul 6, 2024 · On the way, in Kerala, the officials under the GST Act, intercept the vehicle and detain the goods, for no e-way bill accompanies the consignment. After responding to the statutory notice and after suffering a penalty order under section 129 of the GST Act, both the dealer and the purchaser file this writ petition. taco flats burnet road
Division-129 Calculator — Tertiary Balance
WebFeb 4, 2024 · Vide the impugned judgment dated 29.11.2024, the Writ Petition was dismissed holding that the provisions under Section 129 (1) (b) applies to the transporter as person interested in the goods and therefore, Exts. P5 to P7 notices of detention do not suffer from any legal infirmity calling for interference. 4. WebApr 5, 2024 · The officer is also present before this court to enable the disposal of this petition even at this juncture. 2. The petitioner challenges an order of Goods detention under Section 129 (3) of the State Goods and Services Act, 2024 (in short 'SGST Act'), read with the relevant provisions of the CGST Act, 2024/IGST Act, 2024/GST(Compensation ... WebMay 20, 2024 · Section 129 provides that, in the case of contravention, the goods can be detained and the officer concerned can release the goods only on the payment of tax and a penalty which is equivalent to 100% of … taco flights