Electricity network contributions remain revenue expenditure where ownership and maintenance stay with the electricity board, supporting business prof...
Commission expenditure linked to pharmaceutical marketing income qualifies as business deduction when recipient identity, genuineness and business pur...
Profiteering - supply of “Sanitary Napkins” - It's an admitted fact that the rate of tax on the product was reduced from 12% to NIL w.e.f. 27.07.2018 without the benefit of ITC - it was by found DGAP that the Respondent had increased his base price inspite of reduction in the rate of tax - directed to reduce the price of the product and also pay profiteered amount and SCN for penalty
Profiteering - supply of “Sanitary Napkins” - It's an admitted fact that the rate of tax on the product was reduced from 12% to NIL w.e.f. 27.07.2018 without the benefit of ITC - it was by found DGAP that the Respondent had increased his base price inspite of reduction in the rate of tax - directed to reduce the price of the product and also pay profiteered amount and SCN for penalty
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