Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Page of 4894
Press 'Enter' after typing page number.
641 to 660 of 97867 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Refund of unutilised input tax credit under an inverted duty structure extends to packing materials, labels, cartons and plastic containers used to market packaged tea. Section 54(3)(ii) treats such materials as inputs and does not distinguish between principal and ancillary inputs; comparison of bulk tea and packaged tea without considering packaging inputs is therefore incorrect. Circular No. 135/5/2020-GST addresses credit accumulation caused by a rate reduction on the same goods at different times and does not apply where bulk and packaged tea bear the same tax rate. Administrative circulars cannot add to or curtail the statutory refund entitlement.
Refund of unutilised input tax credit under an inverted duty structure extends to packing materials, labels, cartons and plastic containers used to market packaged tea. Section 54(3)(ii) treats such materials as inputs and does not distinguish between principal and ancillary inputs; comparison of bulk tea and packaged tea without considering packaging inputs is therefore incorrect. Circular No. 135/5/2020-GST addresses credit accumulation caused by a rate reduction on the same goods at different times and does not apply where bulk and packaged tea bear the same tax rate. Administrative circulars cannot add to or curtail the statutory refund entitlement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
