CBEC clarifies GST in respect of Certain Services like Bus Body Building, Tyre Retreading [Read Circular]
The Central Board of Excise and Customs (CBEC) has today clarified the applicability of Goods and Services Tax (GST) in respect of certain services such as bus body building, retreading of tyres, Priority Sector Lending
No Service Tax on IIM for collecting Participation Fee from Companies participating in Campus Recruitment till 2006: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that there cannot be any liability to pay service tax on the Indian Institute of Management ( IIM ), for
IGST Refund to Exporters: Govt Clarifies Issues on EGM related Errors [Read Circular]
The Central Board of Excise and Customs (CBEC) issued a clarification on the issue relating to delay in processing of IGST Integrated Goods and Services Tax (IGST) refund to exporters in due errors in Export
CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]
The Supreme Court, on Monday upheld the validity of the circular issued by the Central Board of Excise and Customs (CBEC), now CBIC, and held that the circular dated 1.7.2002 regarding valuation of when goods
Exporters having Remittance of 1 to 10 Cr of Export Turnover can avail the Facility of LUT under GST: CBEC [Read Circular]
The Central Board of Excise and Customs (CBEC) on Friday issued clarifications on issues related to furnishing of Bond/Letter of Undertaking for Exports. The circular stated that the Notification dated 7.07.2017 prescribing conditions to be
Amendment on Bill of Entry u/s 149 of Customs Act made before Final Assessment of Imported Goods is Valid: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) amendment on the bill of entry under section 149 of the Customs Act, 1962 made before the final assessment of
GST: CBEC Clarifies Export Refund Issues [Read Circular]
The Central Board of Excise and Customs (CBEC) today clarified certain issues relating to the export refund under GST. A circular issued by the Board, in this regard, deals with issues such as non-availment of
Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]
The Karnataka High Court has held that the absence of strict adherence to the ratio at the time of payment never leads to paying double tax. The respondent- M/s. Zyeta Interiors Pvt. Ltd., is a
No GST If Cash Calls are merely transaction in money: CBEC Clarifies application of GST on Joint Venture [Read Circular]
The Central Board of Excise and Customs (CBEC) last day clarified the liability to pay tax on the taxable services provided by the members of the Joint Venture (JV) to the JV and vice versa
GST: CBEC Clarifies Issues related to Job Work [Read Order]
The Central Board of Excise and Customs (CBEC) last day clarified the issues related to job work under the Goods and Services Tax (GST) regime. “Job work” means any treatment or process undertaken by a
Supreme Court elaborates on when the subsequent legislation be applied retrospectively [Read Judgment]
The Supreme Court held that for application of subsequent legislation retrospectively it is necessary to show that the previous legislation had any omission or ambiguity or it was intended to explain an earlier act. The
CBEC issues Revised Rates of Rebate of State Levies on Export of Garments and textile made-up articles under GST [Read Circular]
Following the roll out of Goods and Service Tax (GST), the Central Board of Excise and Customs (CBEC) released revised rates of rebate of state levies on export of garments and textile made-up articles which
CBEC issues Guidelines for Provisional Release of Seized Imported Goods Pending Adjudication [Read Circular]
The Central Board of Excise and Customs (CBEC) today issued guidelines for provisional release of seized imported goods pending adjudication under section 110 of the Customs Act, 1962. This is to ensure uniformity and to
Allegation of Failure to Follow Examination of Norms Prescribed under CBEC Circular While Allowing Conversion of Shipping Bill: CESTAT Dismisses Appeal [Read Order]
The Chennai bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) dismissed the appeal filed by the revenue department alleging that the commissioner failed to follow the examination of norms prescribed under the CBEC
CBEC Directs Officials to Follow its Instructions & Legal Provisions Strictly while Collecting Duty [Read Circular]
The Central Board of Excise and Customs ( CBEC ), on Thursday, directed its officials to follow its instructions and the legal provisions during physical verification of the premises and collection of duty. The Board