Charitable sports promotion: sponsorship receipts alone did not defeat registration where funds supported tournaments and player development activitie...
Overdue associated-enterprise receivables: debt-free status defeated notional-interest adjustment, while employee stock-option costs qualified as busi...
Retrospective assessment-limitation amendments validate final orders while contemporaneous segment data governs transfer-pricing comparability and tol...
Transfer pricing adjustments must track international transactions, while unsupported AMP adjustments and unsuitable manufacturing comparables require...
Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise r...
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Packing materials, labels, cartons and plastic containers used to market packaged tea qualify as inputs used in the course or furtherance of business and may generate refundable accumulated input tax credit under the inverted duty structure. The refund analysis does not distinguish between principal and ancillary inputs, and identical GST rates on bulk and packaged tea do not exclude credit arising from higher-taxed packing materials. The rate-reduction circular concerning accumulation caused by GST-rate changes on the same goods does not apply where accumulation arises from packing materials, and it cannot restrict a refund otherwise available under the statute. The refund sanction was sustained and the Revenue appeal was dismissed.
Packing materials, labels, cartons and plastic containers used to market packaged tea qualify as inputs used in the course or furtherance of business and may generate refundable accumulated input tax credit under the inverted duty structure. The refund analysis does not distinguish between principal and ancillary inputs, and identical GST rates on bulk and packaged tea do not exclude credit arising from higher-taxed packing materials. The rate-reduction circular concerning accumulation caused by GST-rate changes on the same goods does not apply where accumulation arises from packing materials, and it cannot restrict a refund otherwise available under the statute. The refund sanction was sustained and the Revenue appeal was dismissed.
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