Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
Validity Of assessment order passed - SEZ unit - Supply of services without charging GST since it was a zero rated supply - turnover inadvertently reported under the column taxable value in GSTR-1 - The High Court observed that while the supply was correctly identified as zero-rated in the GSTR-3B return, the inadvertent misreporting in the GSTR-1 return was acknowledged. The petitioner's submission was supported by evidence from the tax invoice. As a result, the assessment order was quashed, and the matter was remanded for re-consideration by the assessing officer.
Validity Of assessment order passed - SEZ unit - Supply of services without charging GST since it was a zero rated supply - turnover inadvertently reported under the column taxable value in GSTR-1 - The High Court observed that while the supply was correctly identified as zero-rated in the GSTR-3B return, the inadvertent misreporting in the GSTR-1 return was acknowledged. The petitioner's submission was supported by evidence from the tax invoice. As a result, the assessment order was quashed, and the matter was remanded for re-consideration by the assessing officer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
