M/s Honda Motorcycle & Scooter Vs CCE & ST (CESTAT Delhi) Conclusion: Cenvat credit is allowable on service tax paid on rent of infrastructural facilities as common facilities availed by assessee on rent basis were in ‘relation to the manufacture of goods’ and an integral part of the overall activity of manufacturing. . Held: In […]
Haryana Vat Act has changes in Vat Calculation formula on Disel and Petrol from 13/14 Dec 2018
Explore Amit Acharya’s case at ITAT Ahmedabad involving unexplained cash credit and disputed capital gains. Understand the key findings and decisions.
The Government of India vide its Order No. 1/2018 – Central Tax dated December 11, 2018 has issued an order for extension of due date for filing of annual return i.e. Form GSTR-9 to March 31, 2019. Further it also states that the electronic system for furnishing of Annual Return i.e. Form GSTR-9 is likely to be […]
In the instant case, the respondent is seeking enforcement of the liability of the petitioners created under Section 30 and 37 of the Negotiable Instruments Act, 1881 as the cause of action for the plaint is based on the dishonour of the said cheques. Since, the suit is not based on any contract between the parties, the bar under Section 69 (2) of the of the Indian Partnership Act,1932 would not apply.
In a case involving removal of inputs as such, CESTAT Ahmedabad has held that first-in first-out (FIFO) system must be applied and removal of inputs from the old stock of a manufacturer must be considered. t noted that that the quantity removed from time to time was carried forward from the old stock and the stock balance of the input was much more than the quantity cleared.
Clearance of goods covered by the RCR Order should not be disallowed merely because stickers have been affixed to the goods to display BIS Standard Mark.
Securities and Exchange Board of India (Mutual Funds) (Fourth Amendment) Regulations, 2018 come into force on the 1st day of April, 2019
Where the Standard Mark has not been affixed on the imported goods already having unique registration number from the BIS, such mark may be affixed by representative of the manufacturing unit having liaison office or branch office located in India, for clearance of goods from Customs.
They have made bogus billing and adjusted the amount without any transportation of the goods or sale of goods etc. Only paper transactions were done and amounts have been adjusted and wrongly claimed relief of more than Rs. 80 crores.
