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...
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AAAR ruled that in a lumpsum turnkey EPC contract between Company A and Company B, the contract cannot be legally divided into separate parts despite high seas sale (HSS) of goods. The contract was deemed indivisible as the appellant was contractually obligated to provide both goods and services. While HSS transactions are neither supply of goods nor services under Schedule III of CGST Act, the value of imported goods sold on HSS basis must be included in the transaction value for GST calculation under Section 15. The AAAR rejected appellant's reliance on BSNL and Gannon Dunkerley precedents, affirming that the contract's integrated nature requires inclusion of HSS goods value in overall GST computation. Appeal dismissed.
AAAR ruled that in a lumpsum turnkey EPC contract between Company A and Company B, the contract cannot be legally divided into separate parts despite high seas sale (HSS) of goods. The contract was deemed indivisible as the appellant was contractually obligated to provide both goods and services. While HSS transactions are neither supply of goods nor services under Schedule III of CGST Act, the value of imported goods sold on HSS basis must be included in the transaction value for GST calculation under Section 15. The AAAR rejected appellant's reliance on BSNL and Gannon Dunkerley precedents, affirming that the contract's integrated nature requires inclusion of HSS goods value in overall GST computation. Appeal dismissed.
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