Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
GST classification of biodiesel-HSD blends follows the Customs Tariff Act, 1975 and the HSN Explanatory Notes adopted for GST interpretation. Blends containing 70% or more petroleum oils fall under Heading 2710: B20, conforming to IS 16531, is classifiable under tariff item 27102020, while B30 falls under the residual tariff item 27102090 because no specific entry covers it. Blends containing less than 70% petroleum oils are excluded from Heading 2710 and fall under Chapter 38: B40, B50, B60 and B70 are classifiable under tariff item 38260000 as biodiesel and mixtures thereof.
GST classification of biodiesel-HSD blends follows the Customs Tariff Act, 1975 and the HSN Explanatory Notes adopted for GST interpretation. Blends containing 70% or more petroleum oils fall under Heading 2710: B20, conforming to IS 16531, is classifiable under tariff item 27102020, while B30 falls under the residual tariff item 27102090 because no specific entry covers it. Blends containing less than 70% petroleum oils are excluded from Heading 2710 and fall under Chapter 38: B40, B50, B60 and B70 are classifiable under tariff item 38260000 as biodiesel and mixtures thereof.
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