https://www.taxtmi.com/manuals?id=6711 The term consumption denotes the use of goods resulting in diminution or destruction of their utility, comprising active use causing immediate destruction (e.g., eating, wearing, burning fuel) and passive enjoyment or keeping that produces gradual decay and loss of utility; it captures both destructive employment of industrial products and gradual utilisation that reduces value over time. en-us Fri, 03 Jan 2025 17:20:00 +0530 Thu, 19 Jun 2025 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6711 The term consumption denotes the use of goods resulting in diminution or destruction of their utility, comprising active use causing immediate destruction (e.g., eating, wearing, burning fuel) and passive enjoyment or keeping that produces gradual decay and loss of utility; it captures both destructive employment of industrial products and gradual utilisation that reduces value over time. Manuals Indian Laws Fri, 03 Jan 2025 17:20:00 +0530 https://www.taxtmi.com/manuals?id=6711