Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Advance ruling addresses eligibility to claim input tax credit (ITC) on food and beverage services supplied as part of event management. The authority classifies event management as a composite supply with the principal supply being event management; food and beverages are ancillary elements. Because the outward supply is a taxable composite supply, ITC on inward food and beverage services is admissible provided the recipient holds a tax invoice complying with Section 16(2) and the supplier has charged the tax rate applicable to the principal supply. A single consolidated invoice suffices and re-invoicing with a margin does not defeat ITC entitlement.
Advance ruling addresses eligibility to claim input tax credit (ITC) on food and beverage services supplied as part of event management. The authority classifies event management as a composite supply with the principal supply being event management; food and beverages are ancillary elements. Because the outward supply is a taxable composite supply, ITC on inward food and beverage services is admissible provided the recipient holds a tax invoice complying with Section 16(2) and the supplier has charged the tax rate applicable to the principal supply. A single consolidated invoice suffices and re-invoicing with a margin does not defeat ITC entitlement.
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