Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
AAR holds that the Applicant, though previously issuing tax invoices from its regular registration and distributing common input tax credit (ITC) under Rule 54(1A), must, with effect from 1 April 2025, obtain registration and operate as an Input Service Distributor (ISD) to receive and distribute invoices/ITC of common input services. The AAR determines that amendments to Sections 2(61) and 20 of the CGST Act mandate transmission of common input service invoices and distribution of the corresponding ITC only through the ISD mechanism; prior practice up to March 2025 is recognised but future receipt and distribution must comply with ISD registration and prescribed ISD procedures.
AAR holds that the Applicant, though previously issuing tax invoices from its regular registration and distributing common input tax credit (ITC) under Rule 54(1A), must, with effect from 1 April 2025, obtain registration and operate as an Input Service Distributor (ISD) to receive and distribute invoices/ITC of common input services. The AAR determines that amendments to Sections 2(61) and 20 of the CGST Act mandate transmission of common input service invoices and distribution of the corresponding ITC only through the ISD mechanism; prior practice up to March 2025 is recognised but future receipt and distribution must comply with ISD registration and prescribed ISD procedures.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
