Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
Valuation of taxable service under Section 67 requires the gross amount charged by the service provider as quid pro quo; amounts lacking nexus to the service cannot be included. Applying this principle, salaries paid by the hotel owner to the general manager and department heads were not sums charged by the foreign operator and hence not includible in the operator/management fee. Contractual provisions vesting hiring and termination rights in the owner, together with the owner's fulfilment of statutory employer obligations (PF contributions, Form 16), corroborated an employer-employee relationship with the owner, supporting exclusion of those salaries from taxable value.
Valuation of taxable service under Section 67 requires the gross amount charged by the service provider as quid pro quo; amounts lacking nexus to the service cannot be included. Applying this principle, salaries paid by the hotel owner to the general manager and department heads were not sums charged by the foreign operator and hence not includible in the operator/management fee. Contractual provisions vesting hiring and termination rights in the owner, together with the owner's fulfilment of statutory employer obligations (PF contributions, Form 16), corroborated an employer-employee relationship with the owner, supporting exclusion of those salaries from taxable value.
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