Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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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