Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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CESTAT determined that the technology assistance provided by the Research Center to its Division does not constitute a taxable service. The tribunal found that the Forsoc Technology Center (FTC) is an integral part of the appellant's organization, and the R&D expenditures cannot be considered a taxable service payment to the holding company. Consequently, the service tax demand for the period from April 2010 to March 2012 was set aside, with the principle of consistency applied to subsequent periods. The appellate authority ruled in favor of the appellant, effectively exempting the transaction from service tax liability.
CESTAT determined that the technology assistance provided by the Research Center to its Division does not constitute a taxable service. The tribunal found that the Forsoc Technology Center (FTC) is an integral part of the appellant's organization, and the R&D expenditures cannot be considered a taxable service payment to the holding company. Consequently, the service tax demand for the period from April 2010 to March 2012 was set aside, with the principle of consistency applied to subsequent periods. The appellate authority ruled in favor of the appellant, effectively exempting the transaction from service tax liability.
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