Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Belated filing of audit reports led the tribunal to remand claims for charitable exemption under sections 11 and 12 for reconsideration in light of the assessee's condonation application; the tribunal emphasised that denial of exemption does not permit taxing gross receipts without allowing expenditures incurred for charitable purposes. Where assessed as an association of persons on a commercial basis, income must be computed under the commercial method and expenditures allowable under the relevant provisions must be deducted against gross receipts. Separately, a penalty for receipt of sale consideration in cash was held unsustainable where the assessing officer did not record requisite satisfaction before initiating penalty proceedings and where cash consideration at registration did not attract the prohibition invoked.
Belated filing of audit reports led the tribunal to remand claims for charitable exemption under sections 11 and 12 for reconsideration in light of the assessee's condonation application; the tribunal emphasised that denial of exemption does not permit taxing gross receipts without allowing expenditures incurred for charitable purposes. Where assessed as an association of persons on a commercial basis, income must be computed under the commercial method and expenditures allowable under the relevant provisions must be deducted against gross receipts. Separately, a penalty for receipt of sale consideration in cash was held unsustainable where the assessing officer did not record requisite satisfaction before initiating penalty proceedings and where cash consideration at registration did not attract the prohibition invoked.
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