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...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Sale of assets by NCLT-appointed liquidator for Company A in liquidation constitutes supply of goods/services under Section 7 of CGST Act 2017. AAR ruled that liquidator must obtain mandatory GST registration per Section 24 of CGST/WBGST Acts, following special procedures outlined in Notifications 11/2020-CT and 39/2020-CT. These notifications specifically address corporate debtors under IBC 2016 whose affairs are managed by IRP/RP during insolvency resolution. Decision aligns with previous AAR ruling that liquidator-conducted asset sales qualify as taxable supply requiring GST registration. The registration requirement applies from liquidator's appointment until completion of corporate insolvency process.
Sale of assets by NCLT-appointed liquidator for Company A in liquidation constitutes supply of goods/services under Section 7 of CGST Act 2017. AAR ruled that liquidator must obtain mandatory GST registration per Section 24 of CGST/WBGST Acts, following special procedures outlined in Notifications 11/2020-CT and 39/2020-CT. These notifications specifically address corporate debtors under IBC 2016 whose affairs are managed by IRP/RP during insolvency resolution. Decision aligns with previous AAR ruling that liquidator-conducted asset sales qualify as taxable supply requiring GST registration. The registration requirement applies from liquidator's appointment until completion of corporate insolvency process.
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