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...
The ruling pertains to the exemption from GST on pure services provided by a Goods Transport Agency (GTA) to an unregistered foreign entity. The applicant, a GTA-cum-Packing & Moving Company, claimed exemption under relevant notifications. However, the ruling clarified that the exemption is exclusively for services by a GTA to an unregistered person, where a GTA is defined as one issuing consignment notes for road transport of goods. As the applicant did not issue consignment notes, it was held ineligible for the exemption. Additionally, the applicant provided a bundle of services like customs clearance, loading/unloading, port handling, etc., individually charged, further disqualifying it from the exemption meant for pure GTA services. Consequently, the exemption was deemed inapplicable to the applicant's case.
The ruling pertains to the exemption from GST on pure services provided by a Goods Transport Agency (GTA) to an unregistered foreign entity. The applicant, a GTA-cum-Packing & Moving Company, claimed exemption under relevant notifications. However, the ruling clarified that the exemption is exclusively for services by a GTA to an unregistered person, where a GTA is defined as one issuing consignment notes for road transport of goods. As the applicant did not issue consignment notes, it was held ineligible for the exemption. Additionally, the applicant provided a bundle of services like customs clearance, loading/unloading, port handling, etc., individually charged, further disqualifying it from the exemption meant for pure GTA services. Consequently, the exemption was deemed inapplicable to the applicant's case.
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