The recent order by the Hyderabad bench of the Cestat is expected to bring greater clarity on the tax treatment of delayed payment charges recovered from broker’s client for share purchases, according to experts.
The assessee, a sugar mill, availed Cenvat credit on capital goods and inputs used for erection of a 24 MW power plant, part of whose electricity was captively consumed in manufacture of dutiable sugar and molasses, and surplus supplied to the State Electricity Board. Department denied credit relying on CBEC
The CESTAT, Hyderabad in the case of M/s Arunachala Logistics (P) Ltd. held that where the entire service tax liability has already been discharged by the service provider, any further demand on the service recipient under the RCM would
The CESTAT New Delhi in the case of Godfrey Phillips India Limited held that subscription and redemption of Mutual Fund units cannot be considered “trading of goods/securities” under Section 66D(e) of the Finance Act, 1994 as it lacks transfer of title, involves unit cancellation/relinquishment rather than sale/purchase to third party, and thus does not qualify as “exempted service”
The Hon’ble Supreme Court in the case of Commissioner of Central Excise & Service Tax held that Revenue’s appeal against CESTAT Kolkata’s finding of revenue neutrality in Steel Authority of India Limited’s (“SAIL”) inter-unit transfer of refractory materials was admitted, condoning delay and keeping the question of law open, as the Tribunal had set aside excise duty demands holding the transaction to be revenue-neutral.
The Hon’ble Supreme Court of India in the case of Commissioner Customs upheld the decision of the CESTAT holding that export of goods are governed by the conditions prescribed under the Foreign Trade Policy (FTP), not by the Food Safety and Standards Authority of India (FSSAI) standards
THE CESTAT, REGIONAL BENCH, of CHANDIGARH [COURT NO. I] in the Case of Ramesh Kumar Chaudhary V/s Commissioner of Service Tax, decided on 17-12-2024
Customs, Excise and Service Tax Appellate Tribunal, New Delhi issued Notification dated 01.10.2025 regarding e-filing of GSTAT
THE CESTAT, WEST ZONAL BENCH, MUMBAI Kanakia Spaces Reality Pvt. Ltd. V/s Commissioner of CGST & Central Excise, Mumbai, decided on 14-3-2024
The CESTAT, New Delhi in the case of M/s Vipul Motors Pvt. Ltd. v. Principal Commissioner of CGST& Central Excise, Jaipur-I[Final Order No. 50957–50958/2025, dated July 02, 2025] held that incentives/ discounts received by car dealers from manufacturers are not taxable under Business Auxiliary Service, being transactions on a principal-to-principal basis.
