Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
The High Court held that the Central Board of Indirect Taxes and Customs (CBIC) cannot be directed to clarify the applicability of Goods and Services Tax (GST) on Battery Energy Storage Systems (BESS). GST is chargeable under the Central GST Act, State GST Act, and Integrated GST Act, and any contentious issue regarding its applicability must be resolved by referring to these statutes and rules. The statutes do not require CBIC to entertain queries from taxpayers or provide clarifications based on their queries. CBIC can issue orders, instructions, or directions for uniformity in implementation, but not clarifications on specific queries raised by taxpayers. The petition was dismissed as highly delayed, and any apprehensions about the terms and conditions should have been clarified during the Pre-Bid Meeting.
The High Court held that the Central Board of Indirect Taxes and Customs (CBIC) cannot be directed to clarify the applicability of Goods and Services Tax (GST) on Battery Energy Storage Systems (BESS). GST is chargeable under the Central GST Act, State GST Act, and Integrated GST Act, and any contentious issue regarding its applicability must be resolved by referring to these statutes and rules. The statutes do not require CBIC to entertain queries from taxpayers or provide clarifications based on their queries. CBIC can issue orders, instructions, or directions for uniformity in implementation, but not clarifications on specific queries raised by taxpayers. The petition was dismissed as highly delayed, and any apprehensions about the terms and conditions should have been clarified during the Pre-Bid Meeting.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
