GST timing for Toll-Operate-Transfer concessions: concessionaires pay integrated tax when operation and maintenance expenses are charged to escrow acc...
Input tax credit conditions for concessional service rates permit limited same-line credits for hotels, catering, and electrically operated vehicle se...
Show-cause notice and a meaningful opportunity to respond are required before an assessment can make an addition as unexplained money. Where proposed variations notified to the taxpayer differed from the unexplained-money addition ultimately made, and no notice addressed that proposition, the taxpayer was denied an opportunity of hearing in breach of natural justice. The assessment order and consequential penalty notices were quashed, while preserving the revenue's right to commence fresh proceedings in accordance with law.
Show-cause notice and a meaningful opportunity to respond are required before an assessment can make an addition as unexplained money. Where proposed variations notified to the taxpayer differed from the unexplained-money addition ultimately made, and no notice addressed that proposition, the taxpayer was denied an opportunity of hearing in breach of natural justice. The assessment order and consequential penalty notices were quashed, while preserving the revenue's right to commence fresh proceedings in accordance with law.
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TaxTMI 
TaxTMI 
