Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Self-assessed GST liability is discharged only when amounts credited to the Electronic Cash Ledger are debited and appropriated towards the relevant liability through the return. Mere deposit in the ledger before the return due date does not constitute payment or prevent interest under Section 50(1); interest accrues until actual debit, notwithstanding unsubstantiated technical difficulties. Recovery of the resulting interest after issuance of notice and consideration of objections does not breach principles of natural justice. The challenge to the interest demand and recovery proceedings was dismissed.
Self-assessed GST liability is discharged only when amounts credited to the Electronic Cash Ledger are debited and appropriated towards the relevant liability through the return. Mere deposit in the ledger before the return due date does not constitute payment or prevent interest under Section 50(1); interest accrues until actual debit, notwithstanding unsubstantiated technical difficulties. Recovery of the resulting interest after issuance of notice and consideration of objections does not breach principles of natural justice. The challenge to the interest demand and recovery proceedings was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4912 
