Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
AAR ruled on GST classification for veterinary and agricultural services. The ruling determined that commission charges for marketing and selling birds are not exempt under Service Accounting Code 9986, but classified under Heading 996111. Veterinary services provided by the company, including diagnostic and healthcare advice to livestock, qualify for GST exemption under Entry 46 of Notification 12/2017. Laboratory testing services were classified under SAC 998346 and do not receive GST exemption. The decision clarifies that the services are primarily commercial wholesale trade activities rather than direct agricultural support services, thus impacting their tax treatment.
AAR ruled on GST classification for veterinary and agricultural services. The ruling determined that commission charges for marketing and selling birds are not exempt under Service Accounting Code 9986, but classified under Heading 996111. Veterinary services provided by the company, including diagnostic and healthcare advice to livestock, qualify for GST exemption under Entry 46 of Notification 12/2017. Laboratory testing services were classified under SAC 998346 and do not receive GST exemption. The decision clarifies that the services are primarily commercial wholesale trade activities rather than direct agricultural support services, thus impacting their tax treatment.
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