Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
AAR held that the R&D activity performed by the applicant for a Government research institution under a grant-in-aid arrangement constitutes a "supply" under Section 7 of the CGST Act, notwithstanding absence of IP transfer, because the activity was performed for consideration. Although Notification No. 08/2024 inserts an exemption for R&D services funded by grants to specified notified institutions, the applicant failed to establish notification under clauses (ii)/(iii) of s.35(1) of the Income-tax Act; consequently the services do not fall within Entry Nos. 3 or 3A of Notification No. 12/2017. The partial manufacture of samples does not engage Articles 243G/243W functions. The supply is taxable and the applicant is liable to discharge GST at the applicable rate.
AAR held that the R&D activity performed by the applicant for a Government research institution under a grant-in-aid arrangement constitutes a "supply" under Section 7 of the CGST Act, notwithstanding absence of IP transfer, because the activity was performed for consideration. Although Notification No. 08/2024 inserts an exemption for R&D services funded by grants to specified notified institutions, the applicant failed to establish notification under clauses (ii)/(iii) of s.35(1) of the Income-tax Act; consequently the services do not fall within Entry Nos. 3 or 3A of Notification No. 12/2017. The partial manufacture of samples does not engage Articles 243G/243W functions. The supply is taxable and the applicant is liable to discharge GST at the applicable rate.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
