Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
The Karnataka Commercial Taxes Dept. issued Circular No. GST-38/2024 clarifying multiple GST rate and classification issues based on the 55th GST Council meeting recommendations. Key clarifications include: (1) pepper of genus Piper attracts 5% GST, and agriculturists supplying dried pepper are GST-exempt; (2) agriculturists supplying raisins are GST-exempt; (3) ready-to-eat popcorn with salt/spices attracts 5-12% GST depending on packaging; (4) autoclaved aerated concrete blocks with >50% fly ash content fall under HS 6815; and (5) amended compensation cess for utility vehicles applies from 26.7.2023, with specific criteria for engine capacity, length, and ground clearance.
The Karnataka Commercial Taxes Dept. issued Circular No. GST-38/2024 clarifying multiple GST rate and classification issues based on the 55th GST Council meeting recommendations. Key clarifications include: (1) pepper of genus Piper attracts 5% GST, and agriculturists supplying dried pepper are GST-exempt; (2) agriculturists supplying raisins are GST-exempt; (3) ready-to-eat popcorn with salt/spices attracts 5-12% GST depending on packaging; (4) autoclaved aerated concrete blocks with >50% fly ash content fall under HS 6815; and (5) amended compensation cess for utility vehicles applies from 26.7.2023, with specific criteria for engine capacity, length, and ground clearance.
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