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The government is all set to bring a one-time settlement policy for over 44,000 defaulters of various state taxes, including Value Added Tax and Central Sales Tax. According to information, the government is making a case to let off nearly…
The CESTAT, Chennai in the case of M/s. Bharat Heavy Electricals Limited v. The Commissioner of G.S.T and Central Excise [Service Tax Appeal No. 41500 of 2019 dated April 26,2023] held that recovery of liquidated damages from defaulting party cannot…
The CESTAT, Kolkata in M/s. BhootpurvaSainik Kalyan Sangh v. Commissioner of Central Excise & Service Tax [Service Tax Appeal No.566 of 2011 dated May 11,2023] held that, there should be mens rea to evade payment of service tax for demand…
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that reimbursable expenses are not includible in the taxable value of the service in terms of Rule 5(1) of the Service Tax (Determination of Value)…
Talking to The Tribune, advocate Arun Kanwal said the department has sent notices to 8,000 assesses, of which over 4,000 are in Ludhiana. “After VAT was scrapped and the GST regime came into existence, many industrialists changed their accountants and…
Jittery over the show-cause notices being issued by State Goods and Services Tax (SGST) department for value added tax (VAT) assessments as old as those from financial year 2016-17, the businessmen have asked chief minister Bhagwant Mann and finance minister…
It’s a bad news for the industry as Supreme Court has held that mere production of invoice and cheque payment is insufficient to claim ITC (Input Tax Credit). Expert say though this order is related with matter under Value Added…
The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that service tax is not applicable to the service of advertisement in print media. The two-member bench of Justice Dilip Gupta (President) and Hemambika M. Priya…
The CESTAT, Chennai in M/s Sundaram Finance Ltd. [Service Tax Appeal No. 646 and 647 of 2012 dated February 22, 2023] has set aside the orders passed by the Revenue Department levying service tax on Foreclosure Charges (“FC”) collected by…
The CESTAT, Ahmedabad in USV Private Limited v. Commissioner of Central Excise & ST, Daman [Final Order No. A/10198/2023 dated February 6, 2023] has set aside the order of the Revenue Department denying refund of Cenvat credit to the assessee.…