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 AAR refused admission of the applicant's advance ruling petition, holding the issue-classification of imported goods for customs duty and import IGST-is outside the statutory ambit of advance rulings under Section 95(a) of the CGST Act and thus non-justiciable before the State AAR. The Authority determined that it has jurisdiction only over GST consequences of outward supplies effected or proposed by the applicant, not inward supplies or customs assessment. The AAR directed that the Customs Authority for Advance Ruling is the appropriate forum to decide HSN classification at import and noted that the importer should seek redress before that authority if dissatisfied with the Bill of Entry classification.
The AAR refused admission of the applicant's advance ruling petition, holding the issue-classification of imported goods for customs duty and import IGST-is outside the statutory ambit of advance rulings under Section 95(a) of the CGST Act and thus non-justiciable before the State AAR. The Authority determined that it has jurisdiction only over GST consequences of outward supplies effected or proposed by the applicant, not inward supplies or customs assessment. The AAR directed that the Customs Authority for Advance Ruling is the appropriate forum to decide HSN classification at import and noted that the importer should seek redress before that authority if dissatisfied with the Bill of Entry classification.
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