Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Central Government empowers Principal Bench of Appellate Tribunal to assess impact of input tax credits and tax rate reductions on pricing of goods and services supplied by registered persons. This power is conferred u/s 171(2) read with Section 109(1) and second proviso to Section 109(5) of Central Goods and Services Tax Act, 2017, on recommendations of GST Council. Notification comes into force from 1st October 2024.
Central Government empowers Principal Bench of Appellate Tribunal to assess impact of input tax credits and tax rate reductions on pricing of goods and services supplied by registered persons. This power is conferred u/s 171(2) read with Section 109(1) and second proviso to Section 109(5) of Central Goods and Services Tax Act, 2017, on recommendations of GST Council. Notification comes into force from 1st October 2024.
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