Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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Input tax credit benefits in ongoing real estate projects must be passed to all eligible purchasers, including those booking flats after GST where construction continued beyond its introduction. The benefit is project-specific, and renegotiated prices do not establish a commensurate reduction without transparent evidence. Unpassed amounts must be refunded to identified homebuyers rather than deposited in the Consumer Welfare Fund; excess benefit given to some purchasers cannot be set off against amounts due to others. Profiteering includes GST charged on an inflated base price. Interest accrues from each purchaser's last instalment payment until refund. Anti-profiteering penalties do not apply where the completed contravention predated the penalty provision's commencement.
Input tax credit benefits in ongoing real estate projects must be passed to all eligible purchasers, including those booking flats after GST where construction continued beyond its introduction. The benefit is project-specific, and renegotiated prices do not establish a commensurate reduction without transparent evidence. Unpassed amounts must be refunded to identified homebuyers rather than deposited in the Consumer Welfare Fund; excess benefit given to some purchasers cannot be set off against amounts due to others. Profiteering includes GST charged on an inflated base price. Interest accrues from each purchaser's last instalment payment until refund. Anti-profiteering penalties do not apply where the completed contravention predated the penalty provision's commencement.
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