Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
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Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Section 171(1) requires GST rate reductions to produce a commensurate reduction in the price payable by cinema-ticket recipients; charging GST at the reduced rate alone is insufficient where the operator increases the pre-tax base price and retains the same cum-tax fare. Regulatory permissions concerning maximum or proposed ticket fares do not displace this independent anti-profiteering obligation, particularly without competent approval of enhanced rates. Profiteering may be quantified by retaining the pre-rate-reduction base price, applying the reduced GST rate to determine the commensurate price, and comparing it with actual ticket sales. Where recipients cannot be identified, the determined amount with applicable interest is deposited in the Consumer Welfare Funds; no penalty applied for the investigation period.
Section 171(1) requires GST rate reductions to produce a commensurate reduction in the price payable by cinema-ticket recipients; charging GST at the reduced rate alone is insufficient where the operator increases the pre-tax base price and retains the same cum-tax fare. Regulatory permissions concerning maximum or proposed ticket fares do not displace this independent anti-profiteering obligation, particularly without competent approval of enhanced rates. Profiteering may be quantified by retaining the pre-rate-reduction base price, applying the reduced GST rate to determine the commensurate price, and comparing it with actual ticket sales. Where recipients cannot be identified, the determined amount with applicable interest is deposited in the Consumer Welfare Funds; no penalty applied for the investigation period.
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