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Lead Acid Batteries can’t be treated as uncharged for valuation in absence of Evidence

July 19, 2023 324 Views 0 comment Print

The case at hand pertains to the valuation of Lead Acid Batteries and the determination of whether these should be valued under Section 4 or Section 4A of the Central Excise Act, 1944. The core question revolves around the charging status of the batteries and where the charging occurs.

Oxygen and Acetylene Gas Eligible for CENVAT Credit: Rajasthan High Court

July 19, 2023 591 Views 0 comment Print

The Rajasthan High Court in J.K. Cement Works Vs Commissioner Central Excise case, decides that Oxygen and Acetylene Gas, used in repairs and maintenance, can be claimed as CENVAT Credit.

GST: HC condoned delay & Allows Filing of Delayed statutory Appeal

July 19, 2023 2883 Views 0 comment Print

Review of a notable GST appeal case by Madras High Court, where delay in appeal filing was allowed. An important legal precedent for GST disputes.

Shifting of Transmission Lines for NHAI classified under Service Head 998631, 18% GST

July 18, 2023 1605 Views 0 comment Print

Transmission Line shifting for NHAI classified under Service Head 998631, attracts 18% GST (CGST 9% + SGST 9%). GST is levied on the transaction value as per Section 15 of CGST Act, 2017.

Clarification on Applicability of E-Invoice for Supplies to Government Departments

July 17, 2023 10080 Views 0 comment Print

Circular No. 198/10/2023-GST issued by the Central Board of Indirect Taxes & Customs (CBIC) addresses the issue regarding the applicability of e-invoice under rule 48(4) of the Central Goods and Services Tax (CGST) Rules, 2017 for supplies made to Government Departments, establishments, agencies, local authorities, and PSUs registered for tax deduction at source. The circular […]

Clarification on ITC Availability for Warranty Replacement

July 17, 2023 13215 Views 0 comment Print

Read Circular No. 195/07/2023-GST from CBIC clarifying the availability of Input Tax Credit (ITC) for warranty replacement of parts and repair services. Understand GST liability and ITC reversal requirements in warranty scenarios. Ensure compliance with the provisions of the CGST Act.

Income Tax Rules 1962 Amendment: IFSC Proposals in Finance Act 2023

July 17, 2023 1575 Views 0 comment Print

Stay updated with the latest amendment to the Income Tax Rules 1962 regarding proposals related to International Financial Services Centers (IFSC) in the Finance Act 2023. Understand the key changes and their implications.

MahaRERA Directs Verification of Commencement Certificates/Occupation Certificates

July 17, 2023 1089 Views 0 comment Print

Maharashtra Real Estate Regulatory Authority (MahaRERA) issues a directive for verification of Commencement Certificates/Occupation Certificates submitted by promoters. Read the latest update and its implications.

SAD Exemption Ineligible for Importer Violating Import Policy & Exemption Notification Terms

July 17, 2023 228 Views 0 comment Print

Analysis of the CESTAT Bangalore order in the case of DLF Southern Towns Pvt Ltd vs. Commissioner of Customs where violation of import policy led to confiscation and penalty.

ITAT Remands Interest Calculation on Income Tax Tax Refund to AO

July 16, 2023 903 Views 0 comment Print

Kapilaben Kanjibhai Patel Oral Specific Deferred Family Trust Vs ITO (ITAT Ahmedabad)- Case involves calculation of interest on income tax refund under Section 244A of Income Tax Act. ITAT remands matter back to Assessing Officer for proper verification and calculation.

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