Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Health insurance services provided by the applicant to Tamil Nadu State Government (TNSG) are exempted from GST under Serial Number 40 of Notification No. 12/2017-Central Tax (Rate) dated 28th June 2017 and corresponding TNGST Notification, as the supply is made only to the Government with total premium paid by them. Reinsurance of the health insurance policy received from re-insurers located outside India is exempt under Serial No. 36A of the same notification. Reversal of input tax credit (ITC) is governed by Section 17(2) of the CGST Act, 2017 and Rule 42 of the CGST Rules, 2017, which the applicant can follow without requiring a ruling.
Health insurance services provided by the applicant to Tamil Nadu State Government (TNSG) are exempted from GST under Serial Number 40 of Notification No. 12/2017-Central Tax (Rate) dated 28th June 2017 and corresponding TNGST Notification, as the supply is made only to the Government with total premium paid by them. Reinsurance of the health insurance policy received from re-insurers located outside India is exempt under Serial No. 36A of the same notification. Reversal of input tax credit (ITC) is governed by Section 17(2) of the CGST Act, 2017 and Rule 42 of the CGST Rules, 2017, which the applicant can follow without requiring a ruling.
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