Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
IGST on raw sugar actually imported under the Advance Authorisation Scheme and converted once to the Tariff Rate Quota Scheme must be paid at the port of import through reassessment of the relevant bill of entry. The assessment group must cancel the existing out-of-charge order, reassess the bill of entry to levy tax, and generate an electronic challan in the Customs EDI System. After payment, a notional out-of-charge order must transmit IGST payment details to GSTN. Interest on the IGST payment is waived. Input tax credit remains available only subject to applicable CGST Act eligibility and conditions. Payment through the Voluntary Payment Challan module is prohibited for this process.
IGST on raw sugar actually imported under the Advance Authorisation Scheme and converted once to the Tariff Rate Quota Scheme must be paid at the port of import through reassessment of the relevant bill of entry. The assessment group must cancel the existing out-of-charge order, reassess the bill of entry to levy tax, and generate an electronic challan in the Customs EDI System. After payment, a notional out-of-charge order must transmit IGST payment details to GSTN. Interest on the IGST payment is waived. Input tax credit remains available only subject to applicable CGST Act eligibility and conditions. Payment through the Voluntary Payment Challan module is prohibited for this process.
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