Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Petrol and diesel remain outside the levy of GST until formally notified for inclusion, so supplies incorporating these fuels cannot be treated as taxable under the GST framework; accordingly the composite supply doctrine does not apply where one element is petrol/diesel because all components must be taxable for a composite supply to arise. Until GST inclusion, petroleum products continue to be taxed under the pre GST regime (central excise and State VAT), and VAT paid on such fuel does not qualify as input tax credit under the CGST input tax credit provisions.
Petrol and diesel remain outside the levy of GST until formally notified for inclusion, so supplies incorporating these fuels cannot be treated as taxable under the GST framework; accordingly the composite supply doctrine does not apply where one element is petrol/diesel because all components must be taxable for a composite supply to arise. Until GST inclusion, petroleum products continue to be taxed under the pre GST regime (central excise and State VAT), and VAT paid on such fuel does not qualify as input tax credit under the CGST input tax credit provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
