Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The AAR ruled that goods supplied by the applicant, despite being a victim of fraud without receiving consideration, still constituted a "supply" under GST law. The authority determined that while fraud may vitiate a contract, it does not negate the statutory definition of "supply" under section 7 of the CGST Act. The facts established that goods were physically removed and received at the destination, as confirmed by the FIR. The AAR concluded that the transaction qualified as supply of goods under section 20 of the IGST Act read with sections 12 and 7 of the CGST Act, regardless of the fraudulent nature of the order.
The AAR ruled that goods supplied by the applicant, despite being a victim of fraud without receiving consideration, still constituted a "supply" under GST law. The authority determined that while fraud may vitiate a contract, it does not negate the statutory definition of "supply" under section 7 of the CGST Act. The facts established that goods were physically removed and received at the destination, as confirmed by the FIR. The AAR concluded that the transaction qualified as supply of goods under section 20 of the IGST Act read with sections 12 and 7 of the CGST Act, regardless of the fraudulent nature of the order.
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