Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Retention of seized cash under Section 132B cannot continue after completion of the searched person's assessment where no demand remains against that person. Subsequent reassessment proceedings against a non-searched assessee, without a warrant of authorisation, do not permit continued withholding of cash accepted as belonging to that assessee. The cash must be released after adjustment against the assessee's tax liability. Interest calculated on the amount must remain in an interest-bearing deposit pending determination of entitlement to interest by a Larger Bench. Pending disposal of the appeal, retention beyond tax adjustment was prohibited.
Retention of seized cash under Section 132B cannot continue after completion of the searched person's assessment where no demand remains against that person. Subsequent reassessment proceedings against a non-searched assessee, without a warrant of authorisation, do not permit continued withholding of cash accepted as belonging to that assessee. The cash must be released after adjustment against the assessee's tax liability. Interest calculated on the amount must remain in an interest-bearing deposit pending determination of entitlement to interest by a Larger Bench. Pending disposal of the appeal, retention beyond tax adjustment was prohibited.
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