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...
The HC upheld the levy of GST and penalty on the petitioner for failing to generate and upload Part B of the E-Way bill, specifically the vehicle details, in violation of Section 129 of the GST Act and Rule 138 of the CGST Rules. The Court affirmed that the primary responsibility to generate Part B of FORM GST EWB-01 lies with the registered person initiating the movement of goods exceeding Rs. 50,000 in value. The petitioner's contention that the transporter was liable to complete Part B was rejected. The petitioner failed to generate Part B before transporting goods valued at Rs. 7,62,247 over 800 km, rendering the Part A invalid and non-compliant. The delay of three days in updating Part B was held as a substantial violation, not a minor error. Consequently, the impugned order imposing GST and penalty was affirmed, and the petition was dismissed.
The HC upheld the levy of GST and penalty on the petitioner for failing to generate and upload Part B of the E-Way bill, specifically the vehicle details, in violation of Section 129 of the GST Act and Rule 138 of the CGST Rules. The Court affirmed that the primary responsibility to generate Part B of FORM GST EWB-01 lies with the registered person initiating the movement of goods exceeding Rs. 50,000 in value. The petitioner's contention that the transporter was liable to complete Part B was rejected. The petitioner failed to generate Part B before transporting goods valued at Rs. 7,62,247 over 800 km, rendering the Part A invalid and non-compliant. The delay of three days in updating Part B was held as a substantial violation, not a minor error. Consequently, the impugned order imposing GST and penalty was affirmed, and the petition was dismissed.
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