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...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Page of 4800
Press 'Enter' after typing page number.
261 to 280 of 96000 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The High Court held that the petitioner's failure to pass on the benefits of GST rate reduction from 01.01.2019 to the viewers by reducing ticket prices until 11.03.2019 constituted a default. Section 171 of the CGST Act mandates that suppliers pass on the benefit of tax rate reduction to end-users by reducing prices commensurately. Although the petitioner paid GST at the revised rates, the ticket prices remained unchanged until 11.03.2019, resulting in the government receiving higher GST revenue. The High Court found no illegality in the respondent authority's order and dismissed the writ petition.
The High Court held that the petitioner's failure to pass on the benefits of GST rate reduction from 01.01.2019 to the viewers by reducing ticket prices until 11.03.2019 constituted a default. Section 171 of the CGST Act mandates that suppliers pass on the benefit of tax rate reduction to end-users by reducing prices commensurately. Although the petitioner paid GST at the revised rates, the ticket prices remained unchanged until 11.03.2019, resulting in the government receiving higher GST revenue. The High Court found no illegality in the respondent authority's order and dismissed the writ petition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
