No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]
In M/s Anil Enterprises v. CCE, the Customs, Excise, and Service Tax Tribunal ( CESTAT ) ruled that non-accounting of raw materials would not attract penalty since the Assessee is not the manufacturer or dealer
Input Tax Credit cannot be granted If Registration of Selling Dealer was cancelled: Kerala HC [Read Judgment]
A two-judge bench of the Kerala High Court has held that the Input Tax Credit cannot be granted to a dealer when the registration of the selling dealer was cancelled by the department after the
No Penalty to be imposed for Mismatch of 2A & 2B if purchasing dealer is Bonafide: Delhi VAT Tribunal [Read Order]
The Delhi VAT Tribunal ruled that no penalty can be imposed for mismatch of 2A & 2B if the purchasing dealer is Bonafide. The appellant, M/s Honeywell Automation India Ltd. has assailed the order of
No recovery of Credit from first stage dealer: CESTAT quashes Excise Duty Demand [Read Order]
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed excise duty demand as there was no recovery of credit from the first stage dealer. Alleging that the said additional customs
IPT Claim cannot be Disallowed on Ground of Non-Payment of Tax by the Selling Dealer: Madras HC [Read Order]
In M/s.Vijay Galaxy v. CTO, the Madras High Court has held that a claim for input tax credit cannot be denied by the department by mere ground that the selling dealer has not paid tax.
No Service Tax Incentives to Car Dealer for Providing Space to Bank Representatives to process Loans: CESTAT [Read Order]
In Rohan Motors Ltd v. CCE, Meerut, the Delhi bench of the Customs, Excise and Service Tax , Appellate Tribunal (CESTAT) held that an automobile dealer not liable to pay service tax in respect of
No Service Tax Leviable on Amount retained by Car Dealer in respect of RTO Registration Fees: CESTAT [Read Order]
The Delhi bench of the CESTAT recently held that the department cannot demand Service Tax on the amount retained by Car dealer in respect of RTO registration fees. In the instant case, the appellant, M/s
Bank can be treated ‘Dealer’ for acting as Financier and Selling Hypothecated Goods: Kerala HC [Read Judgment]
The Kerala High Court in the case of H.D.F.C Bank Ltd, Kochi held that the appellant, financier Bank is liable to include sale consideration from the transaction of re-possession of hypothecated vehicle and effecting transfer
Gold Coins and White Goods to Dealers on Achieving Sales Target are “Supply”, ITC Allowable: KAAR [Read Order]
The Bangalore bench of Karnataka Authority for Advance Ruling (KAAR) held that the distribution of gold coins and white goods to the dealers upon their achieving the stipulated lifting of the material/ purchase target during
Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the profit element from bogus purchases made through the hawala dealers are subject to income tax. The assessee, Dhanesh Mulji Gala engaged
Description of Goods in Dealers’ Invoice and Inward Notes Insufficient to Suspect availment of Fraudulent Credit: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Chennai has held that the allegation of availment of fraudulent credit cannot be made only on the basis of the description of the goods
Dealer cannot avail Benefit of Compounding If the same was not opted before Commencement of AY: Madras HC [Read Judgment]
In the case of State of Tamil Nadu vs Tvl.J.Hanumaiah Chetty and Co, Madras High Court recently held that dealer cannot avail the benefit of compounding under the Tamil Nadu VAT Act if the same
CBDT issues Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers [Read Guidelines]
The Income Tax Department has issued the Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers. In accordance with Press release dated 20th July 2021 issued by Central Board of
NAA imposes Penalty on Dealers for increasing Base Price of Dettol despite GST Rate Reduction [Read Order]
The National Anti-Profiteering Authority (NAA), while imposing a penalty on a dealer who did not pass the GST rate reduction benefit to the customers, ruled that the benefit of tax reduction should be passed on
4% VAT Applicable to Supply of Pat Pre-Form of Plastic Bottles to Dealers: Allahabad HC [Read Order]
The single bench of the Allahabad high court in a revision petition filed before it held that four percent Value Added Tax is applicable to supply of Pat Pre-Form of plastic bottles to dealers. The