Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
A professional body has submitted comprehensive recommendations to improve GST administration, urging fixed reply periods for pre-notice intimations, mandatory virtual hearing compliance, dual electronic/physical service of notices, reliance on portal records (with limited physical submissions), a unified case-tracking ID and draft/save features, separate adjudication and portal access for personal penalties, and strict adherence to conveyance detention procedures. It also seeks operational fixes for ITC distribution, enhanced GSTR-2B functionality, automatic restoration of ITC after withdrawn cancellation, clearer registration jurisdiction and amendment workflows, legacy-proceedings migration on reorganization, streamlined integrated company-GST onboarding, online TDS cancellation, faceless/time-bound refunds, and e-way bill fields for ultimate recipients.
A professional body has submitted comprehensive recommendations to improve GST administration, urging fixed reply periods for pre-notice intimations, mandatory virtual hearing compliance, dual electronic/physical service of notices, reliance on portal records (with limited physical submissions), a unified case-tracking ID and draft/save features, separate adjudication and portal access for personal penalties, and strict adherence to conveyance detention procedures. It also seeks operational fixes for ITC distribution, enhanced GSTR-2B functionality, automatic restoration of ITC after withdrawn cancellation, clearer registration jurisdiction and amendment workflows, legacy-proceedings migration on reorganization, streamlined integrated company-GST onboarding, online TDS cancellation, faceless/time-bound refunds, and e-way bill fields for ultimate recipients.
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