Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
The notification exempts specified inter-State supplies of goods from integrated tax under the Integrated GST Act, superseding the earlier 2017 notification and coming into force on 22 September 2025. A detailed Schedule lists exempt tariff chapters/items-primarily live animals, meats, fish, dairy, eggs, many fruits, vegetables, cereals, seeds, feeds, salts, certain medical drugs (Annexure I), indigenous handmade musical instruments (Annexure II), and numerous other agricultural, food, religious and essential goods-with definitions for "unit container", "pre-packaged and labelled" and "Government entity" and an instruction to apply Customs Tariff interpretive rules where applicable.
The notification exempts specified inter-State supplies of goods from integrated tax under the Integrated GST Act, superseding the earlier 2017 notification and coming into force on 22 September 2025. A detailed Schedule lists exempt tariff chapters/items-primarily live animals, meats, fish, dairy, eggs, many fruits, vegetables, cereals, seeds, feeds, salts, certain medical drugs (Annexure I), indigenous handmade musical instruments (Annexure II), and numerous other agricultural, food, religious and essential goods-with definitions for "unit container", "pre-packaged and labelled" and "Government entity" and an instruction to apply Customs Tariff interpretive rules where applicable.
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