Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Page of 4792
Press 'Enter' after typing page number.
61 to 80 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that the petitioner is not entitled to ITC on electricity consumed for township maintenance, as such consumption is not in the course or furtherance of business under Section 16(1) of the CGST Act. ITC on exempt supply of DCS prior to 5-7-2022 was disallowed, as the sale of DCS was exempt and excluded from ITC eligibility. The amendment dated 5-7-2022, which excluded DCS from the aggregate value of exempt supplies, was held to be clarificatory in scope but not retrospective and thus does not entitle the petitioner to ITC before that date. ITC is a concession granted by statute and not a substantive right. Consequently, the appeals were dismissed, and the writ petitions were denied, affirming that the petitioner cannot claim ITC on township electricity consumption or on exempt DCS supplies before the amendment's effective date.
The HC held that the petitioner is not entitled to ITC on electricity consumed for township maintenance, as such consumption is not in the course or furtherance of business under Section 16(1) of the CGST Act. ITC on exempt supply of DCS prior to 5-7-2022 was disallowed, as the sale of DCS was exempt and excluded from ITC eligibility. The amendment dated 5-7-2022, which excluded DCS from the aggregate value of exempt supplies, was held to be clarificatory in scope but not retrospective and thus does not entitle the petitioner to ITC before that date. ITC is a concession granted by statute and not a substantive right. Consequently, the appeals were dismissed, and the writ petitions were denied, affirming that the petitioner cannot claim ITC on township electricity consumption or on exempt DCS supplies before the amendment's effective date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
