Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Demand of interest u/s 50 - default in filing the Return - The High court acknowledged that while the liability to pay interest is automatic, the quantification cannot be unilateral. It must involve an arithmetic exercise where the taxpayer's objections are considered. Cited the “Mahadeo Construction” case to support the view that quantification of interest liability must involve a proper process, especially when disputed by the taxpayer.
Demand of interest u/s 50 - default in filing the Return - The High court acknowledged that while the liability to pay interest is automatic, the quantification cannot be unilateral. It must involve an arithmetic exercise where the taxpayer's objections are considered. Cited the “Mahadeo Construction” case to support the view that quantification of interest liability must involve a proper process, especially when disputed by the taxpayer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
