Capital Goods Installed in Marine Terminal Facility Area Considered as Integral Part of Manufacturing Process & Eligible for CENVAT Credit: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai has held that Capital Goods installed in the Marine Terminal Facility (MTF) area are an integral part of the Manufacturing process and thus eligible for
DGFT initiates Suo Moto Anti Dumping Investigation on Imports of Fasteners from China PR [Read Notification]
The Directorate General of Foreign Trade (DGFT) vide Case No. AD-OI (15/2023) and notification no. F. No. 6/16/2023-DGTR has initiated the suo moto anti-dumping investigation on the imports of fasteners Originating in or exported from
DGFT Releases Clarification Regarding Implementation of Pre-import Condition Under Advance Authorisation Scheme [Read Notice]
The Directorate General of Foreign Trade (DGFT) vide Trade Notice no. 27/2023 issued on 26th September 2023 has released the clarification regarding the implementation of pre-import conditions under the Advance Authorisation (AA) scheme. This pertains
ICAI gets impleaded in ITAT Members Appointment Case, matter to be heard by Supreme Court soon [Read Order]
The Institute of Chartered Accountants of India (ICAI) has been impleaded in the Income Tax Appellate Tribunal (ITAT) Members appointment case. The earlier contempt proceedings, with respect to the case relate to appointments to the
Disallowance owing to State Government Grants towards Cost of Capital Assets: Supreme Court issues Notice to Maharashtra State Electricity Distribution Co. Ltd. [Read Order]
The Supreme Court has issued notice to the respondent, Maharashtra State Electricity Distribution Co. Ltd, in  an appeal preferred by the Pr. CIT with regard to the issue of disallowance owing to the state government
Failure to Establish Violation of Conditions under Sub-Rule (4B) of Rule 6 of Service Tax Rules: CESTAT quashes Service Tax Demand against IL & FS Transportation [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed service tax demand against IL & FS Transportation Networks Ltd, the appellant as the Revenue failed to establish violation of conditions
Activity of Service providing only for a particular Job cannot be Classified under Man Power Recruitment or Supply Service: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that activity of service providing only for a particular job cannot be classified under Man Power Recruitment Or Supply Service.
Revolutionising Finance: The Latest Accounting Applications You Need to Know About
Ensuring precise accounting records is essential for the financial well-being and regulatory adherence of any business. In the swiftly changing financial environment of today, the transformation of accounting procedures through digitalization has completely altered the
Merely Classifying  services under an incorrect head does not amount to Fraud or Suppression of fact: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that merely classifying  services under an incorrect head does not amount to fraud or suppression of fact. Based on survey
Innovative & Development Services in Pharma Exported to Germany not as Intermediary: P&H HC allows GST Refund [Read Order]
The Punjab and Haryana High Court, while allowing the Goods and Services Tax (GST) refund, held that innovation and development services in the pharma provided to a German company amounted to an export of services.
No Retrospective Effect on Amendment  under S. 54 of Income Tax Act Restricting Investment In India: Bombay HC [Read Order]
The Bombay High Court has held that the amendment under section 54 of the Income Tax Act, 1961 has no retrospective effect on restricting investment in India as the amended provision would come into force
Activity of Collection, Cleaning, Segregation and Stacking of Blasted Raw Magnesite is ‘Mining Services’ under Finance Act: CESTAT [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that the activity of collection, cleaning, segregation and stacking of blasted raw magnesite is ‘Mining Services’ under Finance Act, 1994. The
Confiscation of Immovable Property without Notice Compromises Integrity of Adjudication Process: CESTAT slams Customs Dept [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), slammed the Customs Department as the confiscation of immovable property was made without valid notice under the Customs Act, 1962 and the
VAT Credit cannot be treated as Pre-Deposit for GST Adjustments: Delhi HC directs Refund [Read Order]
In a recent ruling, the Delhi High Court has directed the authorities to issue a refund of Rs. 22 crores along-with interest as per Section 42 of the Delhi Value Added Tax Act, 2004 from
CESTAT confirms Service Tax Demand as Reasonable Cause for Delayed Payment not Proved u/s 80 of Finance Act [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), confirmed the service tax demand as reasonable cause for delayed payment not proved under Section 80 of Finance Act, 1944. It was