Content ownership determines GST treatment of printed publications: customer-supplied text is a taxable printing service, owned content is exempt good...
Employee recoveries, input tax credit and notice pay recovery under GST: AAR distinguishes taxable supplies from non-taxable perquisites and penalties...
Rule 86A does not permit negative blocking of input tax credit in the electronic credit ledger by restricting credits that may arise in the future. The High Court notes that, following Rawman Metal & Alloys and subsequent consistent decisions, blocking may not exceed credit available in the ledger even where wrongful or fraudulent availment from non-genuine or non-existent suppliers is alleged. Orders producing negative blocking were quashed, while preserving the respondent's ability to take further action permitted by law, including restoring blocked credit where legally permissible.
Rule 86A does not permit negative blocking of input tax credit in the electronic credit ledger by restricting credits that may arise in the future. The High Court notes that, following Rawman Metal & Alloys and subsequent consistent decisions, blocking may not exceed credit available in the ledger even where wrongful or fraudulent availment from non-genuine or non-existent suppliers is alleged. Orders producing negative blocking were quashed, while preserving the respondent's ability to take further action permitted by law, including restoring blocked credit where legally permissible.
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