Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Clarifications issued on applicability of GST Reverse Charge Mechanism (RCM) for services provided by directors to companies and taxability of food/beverages supplied in cinema halls. Services by directors in personal capacity like renting immovable property are not subject to RCM. Only services rendered in director's official capacity attract RCM. Supply of food/beverages in cinema halls qualifies as restaurant service taxable at 5% GST, except when bundled with cinema exhibition as composite supply, where the bundled rate applies. Difficulties in implementation to be brought to notice of Pr. Commissioner, Trade and Tax.
Clarifications issued on applicability of GST Reverse Charge Mechanism (RCM) for services provided by directors to companies and taxability of food/beverages supplied in cinema halls. Services by directors in personal capacity like renting immovable property are not subject to RCM. Only services rendered in director's official capacity attract RCM. Supply of food/beverages in cinema halls qualifies as restaurant service taxable at 5% GST, except when bundled with cinema exhibition as composite supply, where the bundled rate applies. Difficulties in implementation to be brought to notice of Pr. Commissioner, Trade and Tax.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
