Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Inserts rule 31D in the CGST Rules, 2017 to prescribe a deemed valuation method for specified goods (including pan masala and specified tobacco and nicotine-inhalation products): the value of supply is the declared retail sale price (maximum price on the package, inclusive of all taxes and levies) reduced by the applicable GST computed by a prescribed back-calculation formula, with special rules for multiple prices, altered prices, and area-wise prices, thereby fixing the taxable value on an RSP basis for those goods. Amends rule 86B to provide that a registered person other than a manufacturer is exempt from rule 86B only for such specified goods where the supplier has discharged tax on the RSP basis, thereby limiting relaxation from the electronic credit ledger restriction for those supplies. These changes apply from 1 February 2026.
Inserts rule 31D in the CGST Rules, 2017 to prescribe a deemed valuation method for specified goods (including pan masala and specified tobacco and nicotine-inhalation products): the value of supply is the declared retail sale price (maximum price on the package, inclusive of all taxes and levies) reduced by the applicable GST computed by a prescribed back-calculation formula, with special rules for multiple prices, altered prices, and area-wise prices, thereby fixing the taxable value on an RSP basis for those goods. Amends rule 86B to provide that a registered person other than a manufacturer is exempt from rule 86B only for such specified goods where the supplier has discharged tax on the RSP basis, thereby limiting relaxation from the electronic credit ledger restriction for those supplies. These changes apply from 1 February 2026.
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