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...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
The Advance Ruling Authority addressed the issue of GST levy on services provided by individual truck owners for transporting raw materials and finished goods. The Authority held that individual truck owners qualify as Goods Transport Agency (GTA) as they issue consignment notes containing required details. The e-way bill must include the Transport Document Number, which acts as a goods receipt number. Failure to issue the transport document renders e-way bill issuance impossible. The definition of GTA includes any person providing road transport services and issuing consignment notes. Therefore, individual truck owners are deemed GTAs, necessitating GST payment by the service recipient as per CGST Act 2017 and relevant notifications.
The Advance Ruling Authority addressed the issue of GST levy on services provided by individual truck owners for transporting raw materials and finished goods. The Authority held that individual truck owners qualify as Goods Transport Agency (GTA) as they issue consignment notes containing required details. The e-way bill must include the Transport Document Number, which acts as a goods receipt number. Failure to issue the transport document renders e-way bill issuance impossible. The definition of GTA includes any person providing road transport services and issuing consignment notes. Therefore, individual truck owners are deemed GTAs, necessitating GST payment by the service recipient as per CGST Act 2017 and relevant notifications.
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