Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
The petitioner's obligation under the contract was to source non-standard goods, as per KINFRA's designs and specifications, from vendors outside the state for incorporation in the works contract in Kerala. Even though the goods initially entered Kerala before being incorporated, breaking the chain of movement, this did not alter the inter-state nature of the transaction as the goods were specifically sourced from outside for the contract. The mere intervening event of the goods entering Kerala could not render it an intra-state sale. Therefore, the petitioner was not liable to pay tax under the KGST Act on the inter-state supply of goods for the works contract execution in Kerala. The High Court allowed the revisions, setting aside the Appellate Tribunal's orders and answering the questions of law in favor of the assessee against the revenue.
The petitioner's obligation under the contract was to source non-standard goods, as per KINFRA's designs and specifications, from vendors outside the state for incorporation in the works contract in Kerala. Even though the goods initially entered Kerala before being incorporated, breaking the chain of movement, this did not alter the inter-state nature of the transaction as the goods were specifically sourced from outside for the contract. The mere intervening event of the goods entering Kerala could not render it an intra-state sale. Therefore, the petitioner was not liable to pay tax under the KGST Act on the inter-state supply of goods for the works contract execution in Kerala. The High Court allowed the revisions, setting aside the Appellate Tribunal's orders and answering the questions of law in favor of the assessee against the revenue.
Note: It is a system-generated summary and is for quick reference only.