Equipment using three-phase power, higher current ratings, larger dimensions, or heavier configurations may be exempt from compulsory registration if annual imports or production remain below 100 units per model.
Stakeholders identified persistent issues in GST registration, cancellations, and refund processing affecting MSMEs. The consultation recommended procedural simplification and stronger taxpayer safeguards.
ITAT Delhi confirmed disallowance of a Section 80GGC claim after relying on investigation findings that the political party operated as an accommodation entry provider. The ruling emphasizes substance over form in tax deduction claims.
The Supreme Court held that a later judgment modifying the legal position cannot, by itself, justify review of concluded cases. Relying on Order XLVII Rule 1 CPC, it dismissed the review petition and refused liberty to seek review.
The Tribunal ruled that non-deduction of tax pursuant to subsisting High Court directions cannot attract liability under Sections 201(1) and 201(1A). The key takeaway is that employers cannot be penalized for obeying judicial mandates.
The Court held that cancellation of GST registration through a non-speaking order violates the statutory requirement of recording reasons. The matter was remanded for fresh consideration in accordance with Rule 22 of the CGST Rules.
The Court held that the bank could not be penalized under Section 201 for complying with binding judicial directions that prohibited TDS on LTC payments during the relevant assessment year.
The Tribunal held that although foreign LFC reimbursements were ultimately held taxable, the bank could not be treated as an assessee-in-default for complying with a subsisting High Court direction restraining TDS deduction.
The Tribunal held that cash deposits linked to recorded cash sales could not be taxed again under Section 68, as doing so would amount to impermissible double taxation.
The Tribunal held that cash received from members and credited to their accounts could not be treated as unexplained income of the co-operative society under Section 68.
