Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Section 171 was applied to hold that any GST rate reduction must be passed on through a commensurate reduction in the consumer price, and the Tribunal found that cinema ticket prices were not reduced after the tax cut while the base price was increased. The State regulatory ceiling was treated as only a maximum price cap, not a bar on lowering prices, and the claim of cost escalation failed for want of proof. The maintenance charge collected with the ticket was held to form part of the ticket value for GST and anti-profiteering computation. The profiteered amount was directed to be deposited in the Consumer Welfare Funds with interest, but penalty was declined because the penal provision had not yet come into force.
Section 171 was applied to hold that any GST rate reduction must be passed on through a commensurate reduction in the consumer price, and the Tribunal found that cinema ticket prices were not reduced after the tax cut while the base price was increased. The State regulatory ceiling was treated as only a maximum price cap, not a bar on lowering prices, and the claim of cost escalation failed for want of proof. The maintenance charge collected with the ticket was held to form part of the ticket value for GST and anti-profiteering computation. The profiteered amount was directed to be deposited in the Consumer Welfare Funds with interest, but penalty was declined because the penal provision had not yet come into force.
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