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 SC dismissed the Special Leave Petitions challenging the levy of GST on regulatory fees collected by CERC and DERC. The Court upheld the High Court's finding that the regulatory functions performed by these Commissions do not constitute "business" under Section 2(17) of the CGST Act. Consequently, revenue derived from such regulatory activities is not taxable under the CGST and IGST Acts. The distinction drawn between adjudicatory and regulatory functions was rejected as a basis for GST liability. The petitions lacked merit and were dismissed accordingly.
The SC dismissed the Special Leave Petitions challenging the levy of GST on regulatory fees collected by CERC and DERC. The Court upheld the High Court's finding that the regulatory functions performed by these Commissions do not constitute "business" under Section 2(17) of the CGST Act. Consequently, revenue derived from such regulatory activities is not taxable under the CGST and IGST Acts. The distinction drawn between adjudicatory and regulatory functions was rejected as a basis for GST liability. The petitions lacked merit and were dismissed accordingly.
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