In the May 2022 edition of the newsletter, we talk about the GST implication on ‘Virtual Digital Assets’. Developments in the recent times have taken a limelight on GST implications on various transactions entered around virtual digital assets/crypto assets when the legality of crypto assets remains under a shadow of doubt in India. In this article, we also list the possible issues on VDA under GST law.
To summarise, in this newsletter we talk about the following:
- GST implication on ‘Virtual Digital Assets’
We take you through the facts of the case, provisions of the law and the ruling made by the concerned authority.
- Valuation Of Land In Construction Agreement – Munjaal Manishbhai Bhatt versus Union of India – Gujrat High Court
- Exemption Of Telecommunication Services Provided To Hyderabad Municipality – M/s. Bharti Airtel Limited – Appellate Authority for Advance Ruling, Telangana
Important Notifications and Circulars for the month of May 2022
Every newsletter shall include the calendar for the month. We have highlighted the GST due dates that you need to be aware of for your easy reference!