![Concept ‘Allowed Loss and Consumption’ would not Qualify as ‘Consideration’ for Levy of Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Service-Tax-Taxscan-..jpg "Concept ‘Allowed Loss and Consumption’ would not Qualify as ‘Consideration’ for Levy of Service Tax: CESTAT [Read Order]")
Concept ‘Allowed Loss and Consumption’ would not Qualify as ‘Consideration’ for Levy of Service Tax: CESTAT [Read Order]
In a recent case,  the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) New Delhi held that the concept of “allowed loss and...
![NAA Finds Builder guilty of not passing ITC Benefits to Flat Buyers [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Flat-Buyers-AAR-GST-Taxscan.jpg "NAA Finds Builder guilty of not passing ITC Benefits to Flat Buyers [Read Order]")
![Denial of Benefit of Rate Reduction to Buyers is Resorted to Profiteering: NAA finds Johnson and Johnson guilty [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/11/Johnson-and-Johnson-NAA-Taxscan.jpg "Denial of Benefit of Rate Reduction to Buyers is Resorted to Profiteering: NAA finds Johnson and Johnson guilty [Read Order]")
![Madras HC disallows Reassessment Proceedings merely on Change of Opinion [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/11/Reassessment-Madras-High-Court-Taxscan.jpg "Madras HC disallows Reassessment Proceedings merely on Change of Opinion [Read Judgment]")
![Mere admitted liability does not attract Section 79 of CGST Act: Madras HC quashes GST Department proceedings to Recovery of Tax [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/11/GST-Department-Madras-High-Court-Taxscan.jpg "Mere admitted liability does not attract Section 79 of CGST Act: Madras HC quashes GST Department proceedings to Recovery of Tax [Read Judgment]")
GSTN already Initiated Process of Transfer of 51% Equity of the Company held by Non-Government Institutions: Anurag Thakur
The GST Council in its 27th meeting held on 4th May, 2018 resolved that GSTN will be converted into a 100% Government-owned entity by transferring 51% equity shares held by the Non-Government...
Payment of Pension to Retired Employees is not Charity: Kerala HC denies Section 12AA Registration to GCDA [Read Judgment]
The Kerala High Court has ruled that, Payment of pension to the retired employees of the GCDA, in the discharge of the statutory obligation under Part III of the Kerala Service Rules, is not a charity...
![Payment of Pension to Retired Employees is not Charity: Kerala HC denies Section 12AA Registration to GCDA [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/11/Charity-GCDA-Kerala-High-Court-Taxscan.jpg "Payment of Pension to Retired Employees is not Charity: Kerala HC denies Section 12AA Registration to GCDA [Read Judgment]")
GSTAT: Delhi HC directs GST Council, Central Government to consider Formulation of Appropriate Amendments in CGST Act [Read Order]
The Delhi High Court has directed the Goods and Services Tax ( GST ) Council, the Central Government to consider the formulation of appropriate amendments in the Central Goods and Services Tax (CGST)...
![GSTAT: Delhi HC directs GST Council, Central Government to consider Formulation of Appropriate Amendments in CGST Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/GSTAT-Taxscan.jpg "GSTAT: Delhi HC directs GST Council, Central Government to consider Formulation of Appropriate Amendments in CGST Act [Read Order]")
CBIC issues Clarification on Job Work on Manufacturing Services on Physical Inputs Owned by Others [Read Circular]
The Central Board of Indirect Taxes and Customs ( CBIC ) has issued clarifications on the scope of the notification entry at item (id), related to job work, under heading 9988 of Notification No....
![CBIC issues Clarification on Job Work on Manufacturing Services on Physical Inputs Owned by Others [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/11/Job-Work-GST-Taxscan.jpg "CBIC issues Clarification on Job Work on Manufacturing Services on Physical Inputs Owned by Others [Read Circular]")
Capitalising Amounts by Transferring to Capital Account without Crediting to Profit and Loss Account attracts Penalty: ITAT [Read Order]
In a recent case, the Income Tax Appellate Tribunal ( ITAT ) Delhi upheld the view of Assessing officer(AO) that on one hand the assessee had made the borrowers and paid interest on such borrowers and...
![Capitalising Amounts by Transferring to Capital Account without Crediting to Profit and Loss Account attracts Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Capital-Asset-Taxscan.jpg "Capitalising Amounts by Transferring to Capital Account without Crediting to Profit and Loss Account attracts Penalty: ITAT [Read Order]")