Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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The AAAR upheld the rejection of the appellant's claim regarding the classification of supply and applicable GST rate on plastic toys, as well as the entitlement to ITC on debit notes issued in 2020-21 for transactions in 2018-19. The authority found that the appellant failed to disclose all material facts as mandated under Section 104 of the CGST Act, 2017, constituting suppression and misrepresentation. Consequently, the Advance Ruling was declared void for non-compliance with statutory disclosure requirements. The appeal was dismissed, affirming that applications for advance ruling must meet the threshold under Section 98(2) and fully disclose relevant facts to enable proper adjudication.
The AAAR upheld the rejection of the appellant's claim regarding the classification of supply and applicable GST rate on plastic toys, as well as the entitlement to ITC on debit notes issued in 2020-21 for transactions in 2018-19. The authority found that the appellant failed to disclose all material facts as mandated under Section 104 of the CGST Act, 2017, constituting suppression and misrepresentation. Consequently, the Advance Ruling was declared void for non-compliance with statutory disclosure requirements. The appeal was dismissed, affirming that applications for advance ruling must meet the threshold under Section 98(2) and fully disclose relevant facts to enable proper adjudication.
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