Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Page of 4798
Press 'Enter' after typing page number.
481 to 500 of 95957 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC allowed the petition, finding the applicant entitled to transitional input tax credit under Section 140(3) of the KSGST Act for computers and laptops used in providing services. Though these items were used for rendering services and thus excluded from the definition of "capital goods" under Section 2(x) of the KVAT Act, they still qualified for transitional credit under Chapter XX of the KSGST Act. The Court determined that despite the petitioner not being registered under the existing KVAT law, they satisfied the first limb of Section 140(3), making them eligible for input tax credit on these items that were used in their service operations.
The HC allowed the petition, finding the applicant entitled to transitional input tax credit under Section 140(3) of the KSGST Act for computers and laptops used in providing services. Though these items were used for rendering services and thus excluded from the definition of "capital goods" under Section 2(x) of the KVAT Act, they still qualified for transitional credit under Chapter XX of the KSGST Act. The Court determined that despite the petitioner not being registered under the existing KVAT law, they satisfied the first limb of Section 140(3), making them eligible for input tax credit on these items that were used in their service operations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
