Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
The High Court considered the issuance of notice u/s 74(1), 122(2), and 125 of the CGST Act, 2017 u/s Rule 142(1) of the CGST Rules, 2017 for unpaid tax on Reverse Charge Mechanism (RCM) on cotton purchase from agriculturist. The petitioner challenged jurisdiction but was allowed to make submissions on merits. The court found petitioner liable for GST on RCM basis as per Section 9(3) of the CGST Act. Revenue neutrality argument rejected due to non-100% export. Penalty u/s 122(2) upheld as petitioner failed to pay GST on RCM basis, deliberately violating Notification No. 43 of 2017. Court upheld the order for payment of Rs. 3,73,95,300/- with equal penalty. Petition dismissed.
The High Court considered the issuance of notice u/s 74(1), 122(2), and 125 of the CGST Act, 2017 u/s Rule 142(1) of the CGST Rules, 2017 for unpaid tax on Reverse Charge Mechanism (RCM) on cotton purchase from agriculturist. The petitioner challenged jurisdiction but was allowed to make submissions on merits. The court found petitioner liable for GST on RCM basis as per Section 9(3) of the CGST Act. Revenue neutrality argument rejected due to non-100% export. Penalty u/s 122(2) upheld as petitioner failed to pay GST on RCM basis, deliberately violating Notification No. 43 of 2017. Court upheld the order for payment of Rs. 3,73,95,300/- with equal penalty. Petition dismissed.
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