Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Reverse charge of Goods and Services Tax (GST) on recovery agent services - Constitutional validity of Collection of Tax / GST under RCM - The Delhi High Court's judgment underscores the legislative discretion in tax matters, reaffirming the validity of the reverse charge mechanism within the GST framework. It illustrates the balance between legislative intent and constitutional mandates, ensuring that tax laws are applied equitably without disrupting the underlying objectives of the GST regime. By dismissing the petition, the Court reaffirmed that the mechanism of tax collection and the conditional provision of input tax credit do not, in themselves, constitute discrimination or arbitrariness under the Constitution.
Reverse charge of Goods and Services Tax (GST) on recovery agent services - Constitutional validity of Collection of Tax / GST under RCM - The Delhi High Court's judgment underscores the legislative discretion in tax matters, reaffirming the validity of the reverse charge mechanism within the GST framework. It illustrates the balance between legislative intent and constitutional mandates, ensuring that tax laws are applied equitably without disrupting the underlying objectives of the GST regime. By dismissing the petition, the Court reaffirmed that the mechanism of tax collection and the conditional provision of input tax credit do not, in themselves, constitute discrimination or arbitrariness under the Constitution.
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