GST timing for Toll-Operate-Transfer concessions: concessionaires pay integrated tax when operation and maintenance expenses are charged to escrow acc...
Input tax credit conditions for concessional service rates permit limited same-line credits for hotels, catering, and electrically operated vehicle se...
Retrospective cancellation of a supplier's registration alone does not establish that supplies were fictitious or that the recipient was complicit, so input tax credit eligibility requires examination of invoices, e-way bills, transport records and other evidence against statutory conditions. The recipient bears the initial burden of proof, but the department cannot deny credit solely under section 155 or on the supplier's non-existence. Fraud-based demands require foundational facts and cogent material of fraud, wilful misstatement or suppression with intent to evade tax. If those elements fail, section 75(2) permits treatment under section 73 only where the original notice met the applicable section 73 limitation; eligibility must then be determined after hearing and evidence review.
Retrospective cancellation of a supplier's registration alone does not establish that supplies were fictitious or that the recipient was complicit, so input tax credit eligibility requires examination of invoices, e-way bills, transport records and other evidence against statutory conditions. The recipient bears the initial burden of proof, but the department cannot deny credit solely under section 155 or on the supplier's non-existence. Fraud-based demands require foundational facts and cogent material of fraud, wilful misstatement or suppression with intent to evade tax. If those elements fail, section 75(2) permits treatment under section 73 only where the original notice met the applicable section 73 limitation; eligibility must then be determined after hearing and evidence review.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
