"14 August 2023" Archive

Service tax not leviable on penal interest and bounce charges

Bajaj Finance Ltd Vs Commissioner of Central Excise & GST (CESTAT Mumbai)

CESTAT set aside impugned order and held that the assessee is not receiving penal interest and bouncing charges as a consideration for tolerating an act. Thus, service tax cannot be demanded....

Tax Benefits: Deductions under section 24b, 80EE & 80EEA

Explore deductions under Sections 24b, 80EE, and 80EEA of the Income Tax Act, 1961, for interest on borrowed capital or housing loans. Understand eligibility, limits, and implications...

Posted Under: Service Tax |

SEBI Website Compliance: Stock Brokers & Participants

Explore SEBI's latest website compliance requirements for Stock Brokers and Depository Participants, effective from August 16, 2023. Learn about the key details they must publish, including basic information, contact details, complaint procedures, and more. Understand the implications for market participants and investors as SEBI takes si...

Posted Under: Service Tax |

Chairman CBIC’s Weekly Newsletter: 14/08/2023 Insights

DO No. 02/News Letter/CH(IC)/2023 14/08/2023

Explore Chairman CBIC's newsletter dated 14/08/2023, highlighting departmental updates, initiatives, achievements, and insights in the field of indirect taxes and customs....

Digital Personal Data Protection Act 2023: Privacy & Security

Explore the Digital Personal Data Protection Act 2023, a comprehensive legislation ensuring privacy and security in the digital realm. Uncover key highlights, implications for businesses, and the balance between innovation and privacy. Stay informed about India's significant step in safeguarding personal data and empowering individuals in...

Posted Under: Service Tax |

Intra-State E-way Bill Rules under GST for Gold & Precious Stones

Learn about the rules for generating e-way bills for intra-state movement of gold, precious stones, and jewelry. Key points, exemptions, and procedural aspects covered....

Posted Under: Service Tax |

SEBI mainstreams Online Dispute Resolution

SEBI published a Circular on 31 July 2023 on Online Dispute Resolution of Disputes in the Indian Securities Market making Online Dispute Resolution (ODR) the default mechanism for resolving almost all disputes arising out of transactions on the securities market....

Posted Under: Service Tax |

Demand sustained as rendering of Broadcasting Service disguised under cover of uplinking service

Coxswain Technologies Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai)

CESTAT Chennai held that agreement entered that the appellant is providing uplinking service for ‘SS Music channel’ and ‘Sur Sangeeth Channel’ is only a sham document. Appellant has disguised the rendering of Broadcasting Service under cover of uplinking service. Hence, service tax demand invoking extended period of limitation sus...

HC Validates Tax & Penalty for E-way Bill Reuse

Bright Road Logistics Vs State of Haryana (Punjab and Haryana High Court)

Analysis of Bright Road Logistics vs State of Haryana case where HC upheld tax penalty for reusing e-way bills with intent to evade tax. Learn about the verdict....

Segregation benefit allowable to EOU only when imported scrap contains impurities

Deep Recycling Industries Vs C.C.E. & S.T.-Rajkot (CESTAT Ahmedabad)

CESTAT Ahmedabad held that benefit of segregation can be allowed only if the imported scrap contained impurities like iron, rubber, plastic, steel etc....

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