Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
AAR held that supplies of frozen poultry (CTH 0207) sold to institutional or industrial consumers bearing the declaration "not for retail sale," whether procured directly from the manufacturer, an importer, or a wholesale dealer, constitute supplies for consumption by qualifying institutions and, where supported by a verifiable documentary trail and exclusive non-resale use, fall outside the GST concept of "pre-packaged and labelled" goods and thus qualify for the notified exemption. The ruling is strictly conditional: failure to comply with the statutory declaration, documentary evidence, or diversion to non-institutional/retail use means the goods retain the character of pre-packaged labeled frozen meat and attract GST at 5% under the relevant rate notification.
AAR held that supplies of frozen poultry (CTH 0207) sold to institutional or industrial consumers bearing the declaration "not for retail sale," whether procured directly from the manufacturer, an importer, or a wholesale dealer, constitute supplies for consumption by qualifying institutions and, where supported by a verifiable documentary trail and exclusive non-resale use, fall outside the GST concept of "pre-packaged and labelled" goods and thus qualify for the notified exemption. The ruling is strictly conditional: failure to comply with the statutory declaration, documentary evidence, or diversion to non-institutional/retail use means the goods retain the character of pre-packaged labeled frozen meat and attract GST at 5% under the relevant rate notification.
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