"19 October 2012" Archive

No need for one to one co-relation of CENVAT credit availed on input services towards payment of output services

Jyoti Structures Ltd. Versus Commissioner of Central Excise, Nasik (CESTAT MUMBAI)

Issue: Whether there is need for one to one co-relation of CENVAT credit availed on input services towards payment of output services? Facts: The appellants are manufacturer of transmission towers and also providing services of erection, commissioning & installation, management, maintenance or repair, testing, inspection of these towers e...

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Notification of Profession Tax – Amendment in Rules for Providing PAN & TAN

Notification No. PFT.10l2/CR-60/Taxation-3 (19/10/2012)

Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975 and to dispense with the condition of previous publication thereof under the proviso to sub-section (3) of section 27 of ...

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Filing of SLP against the vacation of stay of recovery proceedings granted by the Karnataka High Court in the case of Kingfisher Airlines

Letter (19/10/2012)

A Joint meeting of CBEC and CBDT was held on 10th Oct., 2012, under the Convenorship of Chairperson, CBDT regarding appropriate steps to be taken for recovery of taxes due from M/s. Kingfisher Airlines Ltd. (KFA). It was informed that the Karnataka High Court vide order dated 26-9-2012 have restrained the Department from making further re...

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Public Notice No. 27 (RE-2012)/2009-2014, Dated: 19.10.2012

Public Notice No. 27 (RE-2012)/2009-2014 (19/10/2012)

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in Appendix 5 of the Handbook of Procedures (Vol. I) with immediate effect....

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ITAT may order deeper investigation, if it is prima facie convinced that motive of the assessee was to avoid his tax liability lawfully due

Commissioner of Income-tax Vs J.B. Roy (Delhi High Court)

ITAT has chosen to disregard the plea of the Revenue for further investigation into the matter though there was sufficient material, which was referred to by the Assessing Officer, to suspect the motives of the assesses in claiming such huge expenditure by way of interest under Section 57(iii) of the Act....

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MVAT – Delegation of power of Section 57 to JCST and Notification of Section 35

Notification No. Sr. D.C. (A & R)/PWR/1006/2/(Adm.-3)ADM.-8 (19/10/2012)

In exercise of the powers conferred by sub-section (5) of section 10 of the Maharashtra Value Added Tax Act. 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State, Mumbai, hereby amends the Notification No. Sr. D.C. (A and R)/PWR/ 1006/ 2/Adm-3, dated 6th October 2007 as follows, namely,...

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New SIONs for export product ‘Aluminium Beverage Cans’ in Engineering Product Group

Public Notice No: 26(RE: 2012)/2009-2014 (19/10/2012)

Public Notice No: 26(RE: 2012)/2009-2014 Directorate General of Foreign Trade hereby notifies new SIONs in respect of the export product Aluminium Beverage Cans . The new entries would be as under:- ...

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FTP- Submission of physical copy of RCMC not mandatory wef 01.12.2012

Public Notice No. 25 (RE-2012)/2009-2014 (19/10/2012)

Details of RCMC would be made available (uploaded) by respective EPCs/Commodity Boards Development Authorities/other competent authorities. Accordingly, submission of physical copy of RCMC by the applicants will not be required. This will be with effect from 01/12/2012. PUBLIC NOTICE NO.25(RE-2012)/2009-2014 ...

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Extension of ban on export of edible oils till further orders

Notification No. 24 (RE-2012)/2009-2014 (19/10/2012)

Prohibition on export of edible oils has been extended till further orders. But, the same will not apply to relaxations/exemption as mentioned in para 3 & 4 above. Export of fish oil continues to be free as per Notification No. 60 dated 20.11.2008. Notification No 24 (RE – 2012)/2009-2014...

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DVAT- Review of Assessment of dealers on the basis of 2A & 2B data mismatch for 1st Quarter of 2012-13

The Department of Trade and Taxes had framed the assessment of quarterly return filing dealers for the Tax period First Quarter 2012-13, on the basis of mismatch in the data filed by the dealers in Annexure 2A and 2B online. This assessment was framed on the basis of data as on 21/09/2012 at 09.00 pm....

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Posted Under: Excise Duty |