Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Admissibility of input tax credit - inward supply of services by way of License Fee Recovery (LFR) on leasing of pumps along with the equipment - The AAR concluded that the applicant, engaged in both taxable and exempt supplies, could only claim proportionate ITC based on taxable supplies. - The Authority ruled that the applicant could claim only proportionate ITC for leasing services based on taxable supplies, as per CGST Act provisions and rules.
Admissibility of input tax credit - inward supply of services by way of License Fee Recovery (LFR) on leasing of pumps along with the equipment - The AAR concluded that the applicant, engaged in both taxable and exempt supplies, could only claim proportionate ITC based on taxable supplies. - The Authority ruled that the applicant could claim only proportionate ITC for leasing services based on taxable supplies, as per CGST Act provisions and rules.
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