Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Addition for sale of sarki khalli - as alleged assessee has not having any such stock - Goods were received 10 days prior from 17.2.2010 by Poonam Road Lines. So the assessee had stock of sarki khalli as on 17.2.2010 but since the bill was entered on 27.2.2010 there was a negative stock appearing in the quantitative details. The negative stock appeared since the Accountant entered the stock on 28.2.2010. Has it been made on 27.2.2010 there would have been no negative stock. This fact is discernable from the paper book. Thus in our considered view this is not a discrepancy and no addition was called for on account of sales without stock in hand. - AT
Addition for sale of sarki khalli - as alleged assessee has not having any such stock - Goods were received 10 days prior from 17.2.2010 by Poonam Road Lines. So the assessee had stock of sarki khalli as on 17.2.2010 but since the bill was entered on 27.2.2010 there was a negative stock appearing in the quantitative details. The negative stock appeared since the Accountant entered the stock on 28.2.2010. Has it been made on 27.2.2010 there would have been no negative stock. This fact is discernable from the paper book. Thus in our considered view this is not a discrepancy and no addition was called for on account of sales without stock in hand. - AT
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