Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The case involves the Advance Ruling Authority (AAR) determining the applicability of the Margin Scheme u/r 32(5) of the CGST Rules, 2017 to goods such as used Iron Scrap, Lead Acid Batteries, Aluminium utensils, Steel utensils scrap, copper scrap, Brass utensils, waste plastic bags, and plastic PET bottles. The AAR held that these items do not qualify as Second Hand Goods as they are essentially scrap to be consumed or melted for manufacturing new items, thus changing their nature. Consequently, the applicant is deemed ineligible to operate under the Margin Scheme. As a result, the benefit of the Margin Scheme is not available for either intra-state or inter-state supply of goods due to the nature of the goods involved.
The case involves the Advance Ruling Authority (AAR) determining the applicability of the Margin Scheme u/r 32(5) of the CGST Rules, 2017 to goods such as used Iron Scrap, Lead Acid Batteries, Aluminium utensils, Steel utensils scrap, copper scrap, Brass utensils, waste plastic bags, and plastic PET bottles. The AAR held that these items do not qualify as Second Hand Goods as they are essentially scrap to be consumed or melted for manufacturing new items, thus changing their nature. Consequently, the applicant is deemed ineligible to operate under the Margin Scheme. As a result, the benefit of the Margin Scheme is not available for either intra-state or inter-state supply of goods due to the nature of the goods involved.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
