Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Under GST, a transit State may intercept, inspect and physically verify goods in movement, but that regulatory power does not extend to detention or penalty where the transaction neither originates in nor terminates in that State and no tax is payable there. Cross-empowerment under the State and Central Acts, read with the IGST framework, operates only between authorities dealing with the same State and taxable transaction; it does not authorise one State's GST officers to penalise an inter-State movement passing through its territory. A valid e-way bill and tax invoice, without any allegation of bogus documents or local supply, require only reporting of any documentation defect to the competent authorities in the relevant originating or destination State.
Under GST, a transit State may intercept, inspect and physically verify goods in movement, but that regulatory power does not extend to detention or penalty where the transaction neither originates in nor terminates in that State and no tax is payable there. Cross-empowerment under the State and Central Acts, read with the IGST framework, operates only between authorities dealing with the same State and taxable transaction; it does not authorise one State's GST officers to penalise an inter-State movement passing through its territory. A valid e-way bill and tax invoice, without any allegation of bogus documents or local supply, require only reporting of any documentation defect to the competent authorities in the relevant originating or destination State.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
