Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Appellant's claim for exemption under 2009 Notification for 2008-2011 disallowed retrospectively as 2011 Notification amending exemption scope intended prospective application without express retrospectivity. Appellant not obliged to follow Rule 6(7B) option available to assessee, not Revenue. Profit on settlement part of taxable value upheld under amended 2011 Notification widening exemption scope. Profit on foreign exchange sale to EEFC account holders non-taxable being separate transactions without consideration flow. Appeal partly allowed by CESTAT.
Appellant's claim for exemption under 2009 Notification for 2008-2011 disallowed retrospectively as 2011 Notification amending exemption scope intended prospective application without express retrospectivity. Appellant not obliged to follow Rule 6(7B) option available to assessee, not Revenue. Profit on settlement part of taxable value upheld under amended 2011 Notification widening exemption scope. Profit on foreign exchange sale to EEFC account holders non-taxable being separate transactions without consideration flow. Appeal partly allowed by CESTAT.
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