"07 October 2015" Archive - Page 3

Analysis of CBEC clarification on chargeability of Service tax on GTA

CA Bimal Jain Background: Goods Transport Agency (“GTA”) has been defined to mean any person who provides service to a person in relation to transport of goods by road and issues consignment note, by whatever name called. In addition to transportation services, GTA also provides various ancillary services such as loading/ unloading, p...

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Posted Under: Service Tax |

Whether assessee is entitled to avail Input Tax Credit on purchase of DEPB Scrips?

Jagriti Plastics Limited Vs Commissioner of Trade & Taxes (Delhi High Court)

Jagriti Plastics Limited vs Commissioner of Trade & Taxes (Delhi HIgh Court),- Hon’ble Court noted that the price of the goods sold by the appellant included the component of customs duty paid at the time of their import and such component is reduced to the extent of usage of DEPB scrips by the company. ...

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SARFAESI Act, 2002- Legal Position Of Authorised Officer

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI ACT) was enacted by Government of India to enable banks and financial institutions to realise long-term assets, manage problems of liquidity, asset liability mismatches and improve by exercising powers to take possession of s...

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Posted Under: Service Tax |

Order becomes null if based merely on statements of witnesses without allowing assessee to cross-examine them: SC

Andaman Timber Industries Vs Commissioner of Central Excise, Kolkata-II (Supreme Court of India)

Andaman Timber Industries Vs. CCE (Supreme Court) Not allowing assessee to cross-examine statements of witnesses, which were made basis of demand, is a serious flaw which makes order nullity, as it amounts to violation of principles of natural justice. ...

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Posted Under: Service Tax |

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