It assess some money amount and some shares gift to below mentioned persons.
1.some money and some shares gift to wife
2 some money and some shares gift to son in law.
3.some money and some shares gift to own brother.
Question:
It assess above mentioned gift transactions taxable or exempted in it act
Hii Expert,
We have applied Refund on account of Supplies to SEZ unit/ SEZ Developer (with payment of tax) for the period of March 2020, first time department rejected with the reason of incomplete documents & issued memo & suggest file new refund application with proper documents. We have filed new application by 10/06/2021 & now department rejected application of refund with the reason "FROM 01.02.2019 GST REFUND ON ACCOUNT OF SUPPLYTO SEZ WITH PAYMENT OF TAX IS NOT ALLOWED AS PERTHE CENTRAL GOODS AND SERVICES TAX (AMENDMENT)ACT, 2018, DT. 29/08/2018" & issued show cause notice.
Is there any such amendment in sec. 54 of CGST act 2017 ??? We can not avail refund on account of supply to sez with payment of tax. ???
Pls clarify the same.
Thanks in advance.
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Cash amount and shares gift taxable or exempted