Packing-material input credits support inverted-duty refunds for packaged tea, while rate-reduction and concessional-supply circulars remain inapplica...
Government road-restoration services for commercial pipeline work attract reverse-charge GST, while portal-issued proceedings remain valid without a p...
Failure to account for goods requires tax determination by treating them as supplied under statutory assessment provisions. Excess or unaccounted stock identified during a business-premises survey should therefore be assessed under those provisions rather than subjected directly to confiscation or a fine in lieu of confiscation. On that basis, confiscation proceedings and the consequential tax, penalty and fine were unsustainable, and the original order remained set aside while the revenue challenge failed.
Failure to account for goods requires tax determination by treating them as supplied under statutory assessment provisions. Excess or unaccounted stock identified during a business-premises survey should therefore be assessed under those provisions rather than subjected directly to confiscation or a fine in lieu of confiscation. On that basis, confiscation proceedings and the consequential tax, penalty and fine were unsustainable, and the original order remained set aside while the revenue challenge failed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
