Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Scientific research institution approval is conditional on SIRO recognition, annual donation reporting, donor certification, and prescribed compliance...
Section 171 of the CGST Act requires suppliers to pass any GST-rate reduction to recipients through a commensurate reduction in prices. For cinema admission tickets, increased base prices and general commercial pricing considerations do not displace that obligation. A supplier must provide cogent evidence that the tax benefit reached viewers; failure to challenge the DGAP methodology or substantiate price increases supports a finding of non-passing. Non-reduction of first- and second-class ticket prices after the rate cut constituted contravention, requiring deposit of the profiteered amount with interest in consumer welfare funds; no penalty was imposed.
Section 171 of the CGST Act requires suppliers to pass any GST-rate reduction to recipients through a commensurate reduction in prices. For cinema admission tickets, increased base prices and general commercial pricing considerations do not displace that obligation. A supplier must provide cogent evidence that the tax benefit reached viewers; failure to challenge the DGAP methodology or substantiate price increases supports a finding of non-passing. Non-reduction of first- and second-class ticket prices after the rate cut constituted contravention, requiring deposit of the profiteered amount with interest in consumer welfare funds; no penalty was imposed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
