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...
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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
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