Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
AAR held that the Applicant's supply of pre-packaged and labelled rice (≤25 kg) for export is taxable under the IGST scheme at 5% if the Applicant opts for that route, provided the packages satisfy the notification's "pre-packaged & labelled" definition. Supplies to an exporter on a bill-to/ship-to basis and supplies to an exporter's factory are likewise taxable at 5%, but the concessional rate of 0.1% (0.05%+0.05%) under the relevant notifications is available for such supplies subject to their terms and conditions. The erstwhile restriction precluding IGST payment where concessional benefits were availed has been removed, so procuring at 0.1% does not bar exporting under IGST 5%.
AAR held that the Applicant's supply of pre-packaged and labelled rice (≤25 kg) for export is taxable under the IGST scheme at 5% if the Applicant opts for that route, provided the packages satisfy the notification's "pre-packaged & labelled" definition. Supplies to an exporter on a bill-to/ship-to basis and supplies to an exporter's factory are likewise taxable at 5%, but the concessional rate of 0.1% (0.05%+0.05%) under the relevant notifications is available for such supplies subject to their terms and conditions. The erstwhile restriction precluding IGST payment where concessional benefits were availed has been removed, so procuring at 0.1% does not bar exporting under IGST 5%.
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