https://www.taxtmi.com/caselaws?id=758638 GST demand raised through DRC-07 and the Order-in-Original could not be sustained where the income in question arose from shares and was treated as outside GST coverage. The circular relied on in the document excluded share income from GST, and an audit-based assessment founded on that component was therefore unsustainable in law. On that basis, the demand was liable to be quashed, and the matter was remitted to the authority for fresh consideration after granting an opportunity of hearing. en-us Mon, 15 Apr 2024 00:00:00 +0530 Mon, 16 Sep 2024 16:46:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758638 GST demand raised through DRC-07 and the Order-in-Original could not be sustained where the income in question arose from shares and was treated as outside GST coverage. The circular relied on in the document excluded share income from GST, and an audit-based assessment founded on that component was therefore unsustainable in law. On that basis, the demand was liable to be quashed, and the matter was remitted to the authority for fresh consideration after granting an opportunity of hearing. Case-Laws GST Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758638