Delayed judgment pronouncement alone does not invalidate Tribunal orders, while rectification cannot reopen evidence or negate confiscation-related pe...
Agricultural-land reinvestment qualifies when transfer consideration precedes replacement purchase, while unexamined claims may be reassessed on escap...
Bona fide public fixed-deposit explanations prevent concealment penalties where unexplained-credit additions lack independent evidence of undisclosed ...
Credit notes issued within the prescribed period for rejected or returned supplies reduce taxable turnover because the returned goods no longer form part of the supply. Verified by a Chartered Accountant's certificate, GSTR-1 statements and voucher register, the notes were deductible from gross turnover in determining adjusted total turnover under Rule 89(5) for an inverted duty structure refund of accumulated input tax credit. The Tribunal upheld the deduction and dismissed the Revenue's appeal.
Credit notes issued within the prescribed period for rejected or returned supplies reduce taxable turnover because the returned goods no longer form part of the supply. Verified by a Chartered Accountant's certificate, GSTR-1 statements and voucher register, the notes were deductible from gross turnover in determining adjusted total turnover under Rule 89(5) for an inverted duty structure refund of accumulated input tax credit. The Tribunal upheld the deduction and dismissed the Revenue's appeal.
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