Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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Despatch money received under FOB export contracts for completing cargo loading before stipulated laytime was treated as a contractual incentive or commercial adjustment, not consideration for port services. Taxable value requires a direct nexus between an amount and a service rendered to another person. As loading was incidental to the export sale contract and there was no separate quick-loading service agreement or privity with the vessel owner, the despatch amount was not liable to service tax. The related service-tax demands were set aside, and consequential interest and penalties could not survive.
Despatch money received under FOB export contracts for completing cargo loading before stipulated laytime was treated as a contractual incentive or commercial adjustment, not consideration for port services. Taxable value requires a direct nexus between an amount and a service rendered to another person. As loading was incidental to the export sale contract and there was no separate quick-loading service agreement or privity with the vessel owner, the despatch amount was not liable to service tax. The related service-tax demands were set aside, and consequential interest and penalties could not survive.
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