Amount Paid as Cess on Green Leaf is Deductible from Composite Income: ITAT Kolkata [Read Order]
In a recent ruling, the Kolkata bench of the ITAT allowed the deduction claim of Tata Global Beverages Ltd, on account of the amount paid by them under the head “cess on green leaf”. The
Kerala Govt. extends Flood Cess Annual Return [Read Notification]
The Kerala Government has extended the Flood Cess Annual Return till March 15, 2022. As per the notification issued under G.O. (II No. 96/2019/TAXES dated 29th June, 2019 and published as S.R.O. No. 435/2019 in
GST: Kerala again postpones Flood Cess [Read Notification]
The Kerala Government has again postponed the implementation of Flood Cess on the goods and services supplied within the State to final customers to 1st August from July 1st 2019. As per the recommendation of
No Krishi Kalyan Cess on invoice raised on or before 31st May 2016 [Read Notification]
The Central Government has exempted Taxable Services for which Invoice Raised on or Before 31st May 2016 from Krishi Kalyan Cess. In a notification issued by the Ministry of Finance No. 35/2016 dated 23rd June
Composite Contract cannot be Artificially Bifurcated to Levy Service Value: CESTAT quashes Service Tax Demand [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed service tax demand and noted that the composite contract cannot be artificially bifurcated to levy service. The appellant (M/s.Walchandnagar Industries Ltd
GST Cess on Cars: Higher Rate is Applicable from Today
The increased GST cess on mid- sized, luxury and SUV cars will come into effect on September 11. Earlier, the Government had approved an ordinance that empowered the GST Council, consisting of Union and state
Decision in Unicorn Industries cannot have bearing on past final decisions: CESTAT allows Refund of Education Cess and S&H Education Cess [Read Order]
The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that decision in Unicorn Industries cannot have bearing on past final decisions and allowed the refund of Education Cess
CESTAT’s Order allowing Refund Claims for Education Cess attained Finality as Revenue failed to Challenge before Higher Authority: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh Bench held that the CESTAT’s Order allowing refund claims for Education Cess attained Finality as Revenue failed to Challenge before Higher Authority. The Tribunal has
Govt Notifies GST Compensation Cess Rules, 2017 [Read Notification]
The Central Government notified the Goods and Services Tax Compensation Cess Rules, 2017. The Government, in order to compensate the loss of the manufacturing States under the new indirect tax regime, has introduced a new
Relief to Qualcomm India: ITAT allows Deduction of Education Cess as it does not fall under Capital Expense and Personal Expenditure [Read Order]
In a major relief to Qualcomm India, Delhi Bench of Income Tax Appellate Tribunal (ITAT) allowed deduction of Education Cess as it does not fall under capital expense and personal expenditure. The assessee, Qualcomm India
Bengaluru residents to pay 2% Land Transport Cess along with their annual Property Tax from April 21
The Bruhat Bengaluru Mahanagara Palike (BBMP) has decided to levy a 2% land transport cess on property tax from April 1, 2021. The proposal, which was approved by the previous BBMP council in 2018, was
GST Compensation Cess on Vehicles Transporting up to 13 Persons; Transport Buses Get Relief [Read Notification]
The Central Government today amended its earlier notification dated 28.06.2017 which levies 15% GST Compensation cess on motor vehicles for the transport of 10 or more persons, including the driver. As per the amended version
Tractor Cess not leviable on part and Component of Tractor: CESTAT [Read Order]
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the tractor cess cannot be imposed on the parts and components of the tractor. Both the department and the
GST: Govt notifies Rates of Compensation Cess on Supply of Specified Services [Read Notification]
The Central Government notified the rates of compensation cess applicable to specified services under the new indirect tax regime. As per the notification, for the services like transfer of the right to use any goods
Centre releases Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against Cess collection of Rs. 95,444 cr
The Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to States. The total amount