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 HC dismissed the writ appeal challenging Section 16(2)(c) of the CGST/SGST Act, which requires an assessee claiming input tax credit to ensure the supplier has paid the output tax. However, the court extended the time granted by the Single Judge by one month for the appellant to claim benefits under two specified circulars and to raise additional issues related to errors in Form GSTR-3B before the adjudicating authority. If the appellant approaches the assessing authority within this extended period highlighting the irregularities, the authority must consider the application under the liberty granted and adjudicate expeditiously. The remainder of the Single Judge's findings were upheld, and the writ appeal was disposed of accordingly.
The HC dismissed the writ appeal challenging Section 16(2)(c) of the CGST/SGST Act, which requires an assessee claiming input tax credit to ensure the supplier has paid the output tax. However, the court extended the time granted by the Single Judge by one month for the appellant to claim benefits under two specified circulars and to raise additional issues related to errors in Form GSTR-3B before the adjudicating authority. If the appellant approaches the assessing authority within this extended period highlighting the irregularities, the authority must consider the application under the liberty granted and adjudicate expeditiously. The remainder of the Single Judge's findings were upheld, and the writ appeal was disposed of accordingly.
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