- Year of Publication: 2021
- ISBN: 0
Episode Duration:
60 minutes
Episode Background:
The Retrospective amendment proposed in the Budget, to overcome the effect of the Hon’ble Supreme Court Judgment in Calcutta Club Case, so as to make all Clubs and Associations liable to pay GST, has been one of the significant proposals under GST introduced in the Budget. The issue has got a long history, where the liability of clubs and associations has been a subject matter of litigation under the erstwhile Sales tax, VAT, Service tax regime, which was carried into the GST regime as well.
What shall episode cover?
To have a complete understanding of the issue, the rationale of the SC judgement in Calcutta Club case, its effect under Service Tax regime, both prior to and after negative list and the effect of the Budget proposals, Taxsutra is delighted to present to you a special episode on “The Calcutta Club Story” in association with Swamy Associates. In this episode, Advocate G. Natarajan (Senior Partner, Swamy Associates), has in detailed discussed following aspects:
- Earlier position of law prior to Article 366 (29A).
- Introduction of Article 366 (29A).
- SC judgement in Calcutta Club case.
- Impact of the judgement under VAT, Service Tax (pre-negative list and post negative list)
- Impact of the judgement under GST.
- The impact of the budget amendment.
- The way forward.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2021
- ISBN: 0
Episode Duration:
60 minutes
Episode Background:
The Retrospective amendment proposed in the Budget, to overcome the effect of the Hon’ble Supreme Court Judgment in Calcutta Club Case, so as to make all Clubs and Associations liable to pay GST, has been one of the significant proposals under GST introduced in the Budget. The issue has got a long history, where the liability of clubs and associations has been a subject matter of litigation under the erstwhile Sales tax, VAT, Service tax regime, which was carried into the GST regime as well.
What shall episode cover?
To have a complete understanding of the issue, the rationale of the SC judgement in Calcutta Club case, its effect under Service Tax regime, both prior to and after negative list and the effect of the Budget proposals, Taxsutra is delighted to present to you a special episode on “The Calcutta Club Story” in association with Swamy Associates. In this episode, Advocate G. Natarajan (Senior Partner, Swamy Associates), has in detailed discussed following aspects:
- Earlier position of law prior to Article 366 (29A).
- Introduction of Article 366 (29A).
- SC judgement in Calcutta Club case.
- Impact of the judgement under VAT, Service Tax (pre-negative list and post negative list)
- Impact of the judgement under GST.
- The impact of the budget amendment.
- The way forward.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
