Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
CBIC clarified mandatory GST registration requirements for commission agents under Section 24(vii) of CGST Act. Commission agents must register only when serving taxable principals and making taxable supplies. Agents representing agriculturists are exempt from mandatory registration since agriculturists supplying cultivation produce are not taxable persons under Section 23(1)(b). However, commission agents liable under reverse charge mechanism must mandatorily register per Section 24(iii). This corrigendum modifies Circular 57/31/2018-GST to clarify the dual conditions for mandatory registration and specific exemption for agents of agriculturists.
CBIC clarified mandatory GST registration requirements for commission agents under Section 24(vii) of CGST Act. Commission agents must register only when serving taxable principals and making taxable supplies. Agents representing agriculturists are exempt from mandatory registration since agriculturists supplying cultivation produce are not taxable persons under Section 23(1)(b). However, commission agents liable under reverse charge mechanism must mandatorily register per Section 24(iii). This corrigendum modifies Circular 57/31/2018-GST to clarify the dual conditions for mandatory registration and specific exemption for agents of agriculturists.
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