Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Gross GST collections rose 9.1% year-on-year to Rs 1.89 lakh crore in September, about 1.5% higher than August, with net GST at Rs 1.60 lakh crore (5% y/y growth); gross domestic tax revenue grew 6.8% to Rs 1.36 lakh crore and import tax increased 15.6% to Rs 52,492 crore, while GST refunds jumped 40.1% to Rs 28,657 crore. Rate rationalisation reforms effective September 22, which cut rates on 375 items, are reflected in collections and appear to have boosted demand in the latter part of the month. Industry analysts noted that pre-cut anticipation and post-cut consumption effects largely balanced overall GST receipts.
Gross GST collections rose 9.1% year-on-year to Rs 1.89 lakh crore in September, about 1.5% higher than August, with net GST at Rs 1.60 lakh crore (5% y/y growth); gross domestic tax revenue grew 6.8% to Rs 1.36 lakh crore and import tax increased 15.6% to Rs 52,492 crore, while GST refunds jumped 40.1% to Rs 28,657 crore. Rate rationalisation reforms effective September 22, which cut rates on 375 items, are reflected in collections and appear to have boosted demand in the latter part of the month. Industry analysts noted that pre-cut anticipation and post-cut consumption effects largely balanced overall GST receipts.
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