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...
The import policy for Chapters 74 and 76 is amended to require NFMIMS registration for copper and aluminium imports by submission of advance online information and payment of the prescribed fee, with the registration application now permitted up to final Customs clearance or 'Out of Charge'. The application may still be filed no earlier than 60 days before expected arrival, and the automatic registration number remains valid for 75 days. The change relaxes the timing of registration and facilitates import clearance.
The import policy for Chapters 74 and 76 is amended to require NFMIMS registration for copper and aluminium imports by submission of advance online information and payment of the prescribed fee, with the registration application now permitted up to final Customs clearance or 'Out of Charge'. The application may still be filed no earlier than 60 days before expected arrival, and the automatic registration number remains valid for 75 days. The change relaxes the timing of registration and facilitates import clearance.
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