Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
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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