Solved Queries
Q795. Any Exemptions for Live Shows conducted as Charity or for religious institutes or Schools.Need notifications for the same
Ans: there is no exemption available for live show as such
Q794. DRC 01 ISSUED ASSESSING LIABILITY ON PURCHASES FROM CANCELLED DEALER. WILL IT BE LIABLE FOR PENALTY ALSO OR PAYMENT OF TAX AND INTEREST AS ASSESSED WILL BE SUFFICE.
Ans: in case tax is liable to reverse then interest and penalty will be applicable. Though one can take low penalty benefit
Q793. IS INPUT CREDIT ALLOWED CONSIDERING BUSINESS PROMOTION CUM ADVT. EXP. OR THE SAME WILL BE CONSIDERED AS GIFT
Ans: ITC is available on business promotion expenses except the gift/sample distributed
Caution: The above opinion is framed based on the limited information available and merely a personal opinion. We will not be responsible for any damage or loss in whatever manner consequent to any action taken on the basis of any content of this opinion. We suggest you take a detailed opinion for better clarity based on extensive information and research thereof.
