Architect service, telephone expenses were input services and therefore Service Tax paid on said services is eligible as CENVAT Credit
Section 273B of the Act, squarely applies and since assessee has a reasonable cause for not getting books of account audited, he should not be visited by penalty u/s 271B
CESTAT find that since there is no intention of the appellant to evade any duty as the appellant have discharged the service tax and utilized the same though incorrectly but it was a revenue neutral situation as the appellant is otherwise entitled for the refund of the same amount. Hence, in absence of any mala fide penalty under section 78 is not imposable. Therefore, the penalty imposed under section 78 is set aside.
Penalty for failure to file declaration for commencement of business in e-form INC-20A within 180 days from the date of incorporation.
ROC, Hyderabad removed/ struck off from the Register of Companies name of 431 companies on this day of 17.04.2023 and the said companies stand dissolved – Public Notice STK-7 dated 17.04.2023 u/s 248(5) of the Companies Act, 2013 in respect of 431 companies in ROC, Hyderabad. Form No. STK — 7 PUBLIC NOTICE [Pursuant to […]
Lupin Limited Vs Commissioner of Central Tax & Customs (Appeal) (CESTAT Hyderabad) HC held that the appellant have rightly taken credit in view of Rule 2(l) of CCR which entitles a manufacturer to claim Cenvat credit on input services utilise in manufacture of dutiable taxable goods. HC further hold that there is no bar in […]
There is no dispute through Annexure-1 that the earlier assessment assessing the Petitioner’s building by the Sambalpur Municipal Corporation as it was then operating raising the holding tax to Rs. 1,19,858/- and the proposal for further assessment is only made by way of notice dated 22.2.2023 enhancing the holding tax from Rs.1,19,858/- to Rs. 3,12,609/- per annum.
Service Tax not payable on ‘Business Auxiliary Service’ provided to a foreign principal, which has been utilized outside India
If sales are not disputed, entire alleged bogus purchases cannot be disallowed and only the gross profit on the alleged purchases to be disallowed. No penalty under section 271(1)(c) is leviable on estimated additions.
Provisions of Section 9 of IBC mandates Operational creditor to file CIRP application against Corporate Debtor after expiry of 10 days from date of receipt of demand notice by Corporate Debtor,
