Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
AT, in a profiteering matter concerning the period 15.11.2017 to 30.06.2019, held that interest at 18% under Rule 133(3)(c) of the CGST Rules was not leviable since the investigation period did not substantially fall within the operative period of that provision. AT further held that no penalty was imposable as the statutory provisions enabling penalty came into force only in 2020, subsequent to the last date of the alleged profiteering. The concerned Commissioner was directed to submit a compliance report within four months, and the appeal was disposed of.
AT, in a profiteering matter concerning the period 15.11.2017 to 30.06.2019, held that interest at 18% under Rule 133(3)(c) of the CGST Rules was not leviable since the investigation period did not substantially fall within the operative period of that provision. AT further held that no penalty was imposable as the statutory provisions enabling penalty came into force only in 2020, subsequent to the last date of the alleged profiteering. The concerned Commissioner was directed to submit a compliance report within four months, and the appeal was disposed of.
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