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...
Benefit of Exemption from CST - stock transfer or inter-state sale - The petitioner argued for the exemption of tax under Section 6A of the CST Act, contending that the movement constituted stock transfer. However, the respondent argued that the goods were tailor-made for specific customers, invoiced directly to them, and thus constituted inter-state sales taxable under Section 3(a) of the CST Act. The High Court upheld the respondent's argument, emphasizing the tailor-made nature of the goods and the direct invoicing to customers. Additionally, the court dismissed the petitioner's argument regarding the prospective applicability of Section 6A(3), affirming the jurisdiction and authority for revision under Section 9(2) of the CST Act.
Benefit of Exemption from CST - stock transfer or inter-state sale - The petitioner argued for the exemption of tax under Section 6A of the CST Act, contending that the movement constituted stock transfer. However, the respondent argued that the goods were tailor-made for specific customers, invoiced directly to them, and thus constituted inter-state sales taxable under Section 3(a) of the CST Act. The High Court upheld the respondent's argument, emphasizing the tailor-made nature of the goods and the direct invoicing to customers. Additionally, the court dismissed the petitioner's argument regarding the prospective applicability of Section 6A(3), affirming the jurisdiction and authority for revision under Section 9(2) of the CST Act.
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