#CA Bimal Jain
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Purchasing dealer need not reverse tax credit unless selling dealer issues credit note for post sales discount and revises his tax liability

Contract for Supplying Smart card with embedded requisite information is contact for labour and service and not for sale

Cenvat credit of Service tax on Group Insurance premium and mediclaim for existing/retired employees allowable

Cenvat credit admissible despite non-registration with Service Tax Department at the time of availing input services

Supply to high seas vessel is liable to VAT if any territorial nexus exist in State

No VAT on free supply of medicines – State Govt. not competent to levy tax on the basis of MRP or any other notional value

Transaction value cannot be rejected on the basis of a quotation which gives domestic retail sale price

Post-importation services could not be added to value of goods imported

Interest, depreciation and profit margin not to be considered for arriving at production cost

Question of foreign exchange realization not arises on export of free replacement of defective goods

No penalty on reversal of cenvat credit towards exempted goods after audit objection but before issuance of SCN

No service Tax on Vocational courses

Free warranty services provided by vehicle-dealers to vehicle-buyers out of their dealer's margin/handling charges is not liable to Service tax

If upon a misconception of legal position, assessee had paid tax which he was not liable to pay, then availing Cenvat credit of same cannot be termed as illegal
Explore the latest CA Bimal Jain updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
