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...
Transitional cash refund of unutilised CENVAT credit requires compliance with statutory conditions and proof that the underlying input-service credit is admissible. The prescribed period for revising an ST-3 return under Rule 7B is treated as mandatory; late-fee provisions under Rule 7C, applicable to returns under Rule 7, do not regularise a delayed revision. A Board circular on deemed filing for reverse-charge invoices does not extend beyond that context. Eligibility also requires primary invoices, proof of payment and satisfactory explanations for credit claimed on excluded services, including rent-a-cab and outdoor catering. In remand proceedings, examination of the revised-return time-limit may remain within the transitional refund requirements.
Transitional cash refund of unutilised CENVAT credit requires compliance with statutory conditions and proof that the underlying input-service credit is admissible. The prescribed period for revising an ST-3 return under Rule 7B is treated as mandatory; late-fee provisions under Rule 7C, applicable to returns under Rule 7, do not regularise a delayed revision. A Board circular on deemed filing for reverse-charge invoices does not extend beyond that context. Eligibility also requires primary invoices, proof of payment and satisfactory explanations for credit claimed on excluded services, including rent-a-cab and outdoor catering. In remand proceedings, examination of the revised-return time-limit may remain within the transitional refund requirements.
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