Restaurant business transfers qualify for GST exemption as going concerns when operations can continue independently despite retained past liabilities...
Voluntary customs statements and seizure evidence support penalties for attempted export of red sanders where alleged retractions remain unsubstantiat...
For refund of accumulated input tax credit on exports, invoices issued during the relevant period for goods cleared under bond or a letter of undertaking are included in that period's zero-rated turnover, even if physical export occurs later. Section 31 and the time-of-supply provisions of section 12 of the CGST Act distinguish supply of goods for export from completion of actual export. Refund under rule 89(4) remains conditional on proof that the goods have actually been exported.
For refund of accumulated input tax credit on exports, invoices issued during the relevant period for goods cleared under bond or a letter of undertaking are included in that period's zero-rated turnover, even if physical export occurs later. Section 31 and the time-of-supply provisions of section 12 of the CGST Act distinguish supply of goods for export from completion of actual export. Refund under rule 89(4) remains conditional on proof that the goods have actually been exported.
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