Input tax credit reversal is not required for the portion of premium excluded from taxable value under Rule 32(4) for taxable life insurance policies. Premium allocated to investment or savings is excluded under the valuation mechanism but does not become an exempt or non-taxable supply. The life insurance service remains taxable, and exclusion of consideration from taxable value does not change its tax character. Accordingly, the credit-reversal provisions applicable to exempt supplies do not apply to such excluded premium.

An omitted comparable may be considered in transfer-pricing proceedings where its actual comparability is established, as no estoppel prevents an assessee from seeking inclusion to determine the correct arm's length price. The Contract Manufacturing segment's arm's length price was to be recomputed under the Transactional Net Margin Method using single-year data after a merits-based Functions, Assets and Risks review of four additional companies, while retaining the original comparables. Depreciation and additional depreciation on interest capitalised under the DRP's direction were to be granted, and the claim for depreciation on earlier-year capitalised disallowances was to be examined and implemented after hearing the assessee.

Cheque-dishonour liability attaches to the drawer of an account maintained by that person; a non-signatory spouse of a sole proprietor cannot be treated as drawer merely through alleged control or marriage. Vicarious liability does not extend to a sole proprietorship because it lacks a legal identity separate from its proprietor. A statutory demand must substantially seek payment of the cheque amount, as a materially mismatched demand does not create a valid cause of action. Where an accused resides outside the Magistrate's jurisdiction, process requires the mandatory pre-summoning inquiry or investigation. Misdescription of the business and these foundational defects can render prosecution abusive; proceedings against other accused may continue independently.

Cheque-dishonour liability under Section 138 of the NI Act is personal to the drawer, account holder and signatory; a non-signatory spouse of a sole proprietor cannot be prosecuted merely on allegations of control. A sole proprietorship is not a company for Section 141, so vicarious liability cannot extend to persons other than the proprietor. A demand notice seeking only part of the cheque amount fails the requirement to demand the "said amount of money", preventing the cause of action from arising. Further, process against an accused residing outside the Magistrate's jurisdiction requires a mandatory prior inquiry or investigation. Suppression of the concern's sole-proprietorship status was treated as abuse of process. Proceedings against the spouse were quashed, while trial against other accused continued.

Faceless assessment requires complete and properly linked e-Sanchit uploads with the Bill of Entry to support correct self-assessment, classification, valuation and duty claims. Importers should provide clear goods descriptions, technical particulars, catalogues, end-use information, value documents and manufacturer details where relevant. Exemption claims must be supported by documents demonstrating compliance with applicable conditions. Required registrations, certificates, licences and import-monitoring information should be completed before filing. Query responses must be specific and exhaustive, while provisional assessment requests must state the reason. Additional documents may be required depending on the goods and assessment needs.

West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.

Interest or dividend income derived by a co-operative society from investments with another co-operative society qualifies for deduction under section 80P(2)(d). The exclusion of co-operative banks from claiming deduction under section 80P(4) does not change their character as co-operative societies for a depositor co-operative society's claim under section 80P(2)(d). Where conflicting non-jurisdictional High Court views exist, the favourable interpretation supports deduction of interest earned by a co-operative credit society on investments or fixed deposits with co-operative banks.

The special procedure requires specified machine particulars in FORM GST SRM-I, with mandatory machine numbers and final-packing machine details. Where electricity consumption data is unavailable, it may be calculated and certified by an eligible practicing Chartered Engineer, with the certificate uploaded with the form. Goods without MRP must report sale price in FORM GST SRM-II. The procedure excludes SEZ units and specified manual packing operations, while applying to manufacturers, job workers and contract manufacturers; a principal manufacturer bears compliance responsibility where the job worker or contract manufacturer is unregistered.

Faceless customs assessment requires complete, legible supporting documents to be uploaded in e-Sanchit and linked to the relevant Bill of Entry through the Image Reference Number. Importers should provide clear goods descriptions, classification particulars, value-supporting records, manufacturer details where relevant, and documents establishing compliance with exemption conditions, registrations, certifications, licences and monitoring requirements. Query replies must be specific and comprehensive. The generally required document list is non-exhaustive, and further documents may be requested based on the goods and assessment needs.

Transactions in vouchers are outside GST supply: RBI-recognised prepaid vouchers used to settle obligations qualify as money, while other vouchers are actionable claims other than specified actionable claims. Principal-to-principal voucher trading for a margin is therefore not taxable. However, commission or fee earned by agents and distributors for voucher distribution, and consideration for ancillary services such as marketing, customisation or support, is taxable as a supply of services. Unredeemed voucher breakage is not taxable where no underlying supply occurs and no agreement provides for non-redemption charges.

Container scanning status verification is available through the Customs Scanning Division, Chennai online portal. Users may check whether a container has been selected for scanning, scanned, examined, and whether examined images have been uploaded. Verification requires the container number, Import General Manifest number and Import General Manifest date. Status is available only after the Import General Manifest is finalised by the Container Scanning Module of the National Customs Targeting Centre.

For online services supplied to unregistered recipients, the recipient's State name recorded on the tax invoice is deemed to be the address on record, making the recipient's location the place of supply. This requirement applies irrespective of supply value to online money gaming, OIDAR services, and all online services supplied through a supplier's own digital platform or an electronic commerce operator. Suppliers must obtain and record the recipient's State before supply and declare the recipient-based place of supply in FORM GSTR-1/1A. Omission of mandatory invoice particulars may attract penal action.

Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.

The public notice corrects the name of the entity authorised to handle international transshipment of LCL containers, substituting "All Cargo Logistics Limited" with "All Cargo Terminals Limited". The renewed permission for the container freight station continues on the same terms and for the previously specified validity period. No other content of the earlier public notice is altered.

Dual-energy solar cookers, all sprinklers including fire water sprinklers, and parts of poultry-keeping machinery are clarified as attracting 12% GST. Agricultural farm produce in packages exceeding 25 kilograms or 25 litres is excluded from "pre-packaged and labelled" supplies and does not attract 5% GST. Specified past-period issues are regularised on an "as is where is" basis. Regularisation for government-programme supplies of pulses and cereals requires a prescribed certificate and non-availment or reversal of Input Tax Credit.

A resolution plan unanimously approved by the Committee of Creditors may be approved where it satisfies mandatory requirements under the Insolvency and Bankruptcy Code, 2016 and the CIRP Regulations. The stated plan provided for resolution process costs, statutory minimum stakeholder payments, eligible resolution applicants, and management and implementation arrangements, and was approved with its addendum. Reliefs directly connected with the resolution process fell within the adjudicating authority's jurisdiction. However, approval of the plan did not automatically grant waivers, permissions, or approvals reserved for governmental, tax, regulatory, or other competent authorities; unidentified, future, and contingent reliefs were not accepted.

International transshipment of LCL containers handling permission for M/s. All Cargo Logistics Limited CFS has been renewed for a further one-year period, extending validity up to 10 September 2026. The CFS must comply with prescribed conditions and procedures under the applicable Board circular, Chennai Customs public notice, the Handling of Cargo in Customs Area Regulations, 2009, the Customs Act, 1962, and further public notices. Any lapse may result in withdrawal of permission without further notice.

Specified DRI & EO officers are empowered to perform Rajasthan GST functions across the State, including tax determination, return scrutiny, assessment, investigation, inspection, search and seizure, summons, recovery, penalties, detention and confiscation proceedings. Most powers require prior written permission of the Director General, while specified functions are vested directly in that office. DRI & EO officers cannot initiate action on the same issue where Commercial Taxes Department proceedings against the taxable person have already begun under the identified scrutiny, assessment, or tax-determination provisions.

The Inland Container Depot at Irungattukottai, Chennai, previously operated as M/s. Kerry Indev Logistics Pvt. Ltd., is renamed M/s. Indev Infra Private Limited for all Customs-related documentation. Its status as a Customs Area and the custodian arrangement remain unchanged, with the notice effecting only a change in name.

Refund claims concerning amounts collected under a constitutionally invalid levy or premium raise issues of unjust enrichment, restitution for payments made under a mistake of law, and the effect of a higher court leaving questions of law open. The material also addresses discretionary relief where a claimant approaches after delay, including whether delayed restitution claims should be entertained. These issues determine the availability and scope of recovery of unlawfully collected amounts without conferring a windfall on the claimant.