https://www.taxtmi.com/article/detailed?id=9185 Interpretation of statutory tax provisions prioritises legislative intent and ordinary meaning, with the General Clauses Act as a reference where wording is undefined. Taxes must be imposed only by clear statutory authority, requiring strict construction of charging provisions. Exemptions are construed strictly from the notification language, with ambiguity in exemptions favouring the revenue while ambiguity in charging provisions benefits the taxpayer. Equity and implied provisions have no role in tax interpretation; retrospective amendments raise constitutional and competence issues to be tested in courts. en-us Mon, 18 May 2020 09:38:33 +0530 Mon, 18 May 2020 09:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9185 Interpretation of statutory tax provisions prioritises legislative intent and ordinary meaning, with the General Clauses Act as a reference where wording is undefined. Taxes must be imposed only by clear statutory authority, requiring strict construction of charging provisions. Exemptions are construed strictly from the notification language, with ambiguity in exemptions favouring the revenue while ambiguity in charging provisions benefits the taxpayer. Equity and implied provisions have no role in tax interpretation; retrospective amendments raise constitutional and competence issues to be tested in courts. Articles Goods and Services Tax - GST Mon, 18 May 2020 09:38:33 +0530 https://www.taxtmi.com/article/detailed?id=9185