Department contended that such services, even when provided by foreign banks, fall under the category of banking and financial services as per the Finance Act, 1994. Therefore, they claimed that the service tax should be imposed on the appellant as the recipient of these services.
Orissa High Court rules GST appeals can’t be rejected due to non-supply of certified copies, stressing natural justice and adherence to proper procedure.
Insight into the Orissa High Court’s ruling in the case Gangadhar Chhatria Vs State of Odisha, emphasizing police investigation limitations under PMLA.
CESTAT pointed out that as the department had accepted the payment of service tax on output service, denying the CENVAT credit on input services, used for providing output service, was unjustified.
Exploring the ITAT Agra ruling on Sh. Akshat Doneria Vs ITO, clarifying that no penalty under s.271(1)(b) should be imposed if non-compliance arises from non-receipt of notice.
CIT(A) resolved the appeal, considering the TDS credit issue, on 08/05/2019. Therefore, PCIT can’t invoke s.263 revision proceedings for the same issue, per Explanation-1(c) to section 263(1) of the Act.
CBIC announces expansion of automatic Let Export Order (LEO) facility in ECCS through Circular 19/2023-Customs. Know new provisions and impact on ease of doing business
Check out Income Tax Notification 57/2023 issued by the Ministry of Finance, offering tax deduction relaxation for ship lease payments in International Financial Services Centre (IFSC). Understand the conditions and procedures for availing the deduction as a lessor or lessee.
Review of National Financial Reporting Authority’s action against CA Riya Agarwal under Companies Act 2013. Details of case and penalties inside.
CESTAT Chennai supports the sanctioning of a customs duty refund claim for K.I. International Ltd after thorough document verification. Learn more here.
