Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
The amusement park industry seeks revision of the current 18% GST on entry tickets to 5%, arguing the rate disproportionately burdens middle and lower middle-income visitors, restricts affordability, and undermines anticipated benefits from a newly adopted two-rate GST structure. The industry contends a reduced rate would align with recent GST cuts for budget hotel rooms, stimulate domestic tourism, increase park attendance, generate employment, and enable reinvestment in safety and infrastructure. The sector formally urges the GST Council to reconsider classification and rate treatment to advance consumer affordability and broader economic and social objectives.
The amusement park industry seeks revision of the current 18% GST on entry tickets to 5%, arguing the rate disproportionately burdens middle and lower middle-income visitors, restricts affordability, and undermines anticipated benefits from a newly adopted two-rate GST structure. The industry contends a reduced rate would align with recent GST cuts for budget hotel rooms, stimulate domestic tourism, increase park attendance, generate employment, and enable reinvestment in safety and infrastructure. The sector formally urges the GST Council to reconsider classification and rate treatment to advance consumer affordability and broader economic and social objectives.
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