The Kerala AAR held that while ITC on purchase of used vehicles is barred under the margin scheme, credit on repairs, refurbishment, and other business expenses remains admissible.
The ruling examined whether GST applies to centage charges collected for PMC services rendered to Government and local authorities. It held that such consultancy services qualify as pure services linked to constitutional functions and are exempt from GST, subject to conditions.
The issue was whether revision under section 263 was valid for multiple expense claims. The Tribunal held that since the Assessing Officer had examined issues and adopted a plausible view, revision was unsustainable.
The Authority held that treatment of psoriasis, dermatitis, fungal infections, and similar conditions constitutes healthcare services by a clinical establishment and is exempt from GST under the relevant notification.
The competition regulator dismissed allegations that restrictive turnover criteria in a hospital tender violated competition law. It held that procurement terms aligned with policy guidelines do not, by themselves, establish anti-competitive conduct.
The case examined the correct tax rate for a trust formed exclusively for employees’ benefit. The Tribunal held that such trusts are taxable at normal AOP rates under section 164(1)(iv).
The dispute concerned whether reimbursements from an associated enterprise justified a transfer pricing adjustment using the profit split method. The Tribunal set aside the adjustment, directing a fresh FAR analysis before determining ALP.
RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer responsibilities.
The draft policy proposes a detailed scoring framework to empanel CA firms and LLPs for government audits based on capacity, experience, audit quality, and professional credentials. It aims to ensure transparency, objectivity, and merit-driven selection while discouraging non-compliance and poor performance.
The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate reforms to ensure timely and fair processing.
