Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
Sections 69 and 132 of the CGST Act are addressed in relation to regular bail for allegations of fraudulent invoices, wrongful input tax credit, falsified records and shell entities. Arrest requires recorded reasons to believe tax evasion or the specified conditions under section 132. The absence of those reasons in the arrest authorisation and memo, together with omission of the applicable tax-evasion threshold relevant to conviction, is treated as indicating suspicion rather than concrete material. These deficiencies support release on regular bail, subject to furnishing a bond and sureties.
Sections 69 and 132 of the CGST Act are addressed in relation to regular bail for allegations of fraudulent invoices, wrongful input tax credit, falsified records and shell entities. Arrest requires recorded reasons to believe tax evasion or the specified conditions under section 132. The absence of those reasons in the arrest authorisation and memo, together with omission of the applicable tax-evasion threshold relevant to conviction, is treated as indicating suspicion rather than concrete material. These deficiencies support release on regular bail, subject to furnishing a bond and sureties.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
