Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Where a registered person trades in second-hand motor vehicles and does not avail ITC on the purchase of such vehicles, GST is payable only on the margin under Rule 32(5) read with N/N 8/2018-CT (Rate). The restriction on ITC applies only to tax paid on purchase of the used vehicles themselves; it does not bar ITC on other inward supplies used in the course or furtherance of business, including repairs, refurbishment, spare parts, and common expenses, subject to Sections 16-21 and Rules 36-45 compliance. Supplies under the margin scheme with nil margin remain taxable (value becomes zero), not exempt, hence no reversal of common ITC under Rules 42/43. - AAR
Where a registered person trades in second-hand motor vehicles and does not avail ITC on the purchase of such vehicles, GST is payable only on the margin under Rule 32(5) read with N/N 8/2018-CT (Rate). The restriction on ITC applies only to tax paid on purchase of the used vehicles themselves; it does not bar ITC on other inward supplies used in the course or furtherance of business, including repairs, refurbishment, spare parts, and common expenses, subject to Sections 16-21 and Rules 36-45 compliance. Supplies under the margin scheme with nil margin remain taxable (value becomes zero), not exempt, hence no reversal of common ITC under Rules 42/43. - AAR
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
