Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Export incentives under Drawback, RoDTEP and RoSCTL remain retainable only where export sale proceeds are realised within the FEMA time limit; if proceeds are not realised or are realised only partly, the corresponding incentive becomes recoverable with applicable interest from the scroll date. Exporters whose shipping bills are covered by the notice are asked to submit e-BRCs or supporting bank documents, or repay the ineligible or proportionate incentive amounts through ICEGATE online payment by the specified date. The notice also enables exporters to verify realisation status and seek rectification through the ICEGATE SB EDPMS facility, while failure to update realised proceeds may lead to recovery action treating them as non-realised exports.
Export incentives under Drawback, RoDTEP and RoSCTL remain retainable only where export sale proceeds are realised within the FEMA time limit; if proceeds are not realised or are realised only partly, the corresponding incentive becomes recoverable with applicable interest from the scroll date. Exporters whose shipping bills are covered by the notice are asked to submit e-BRCs or supporting bank documents, or repay the ineligible or proportionate incentive amounts through ICEGATE online payment by the specified date. The notice also enables exporters to verify realisation status and seek rectification through the ICEGATE SB EDPMS facility, while failure to update realised proceeds may lead to recovery action treating them as non-realised exports.
Note: It is a system-generated summary and is for quick reference only.
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