#CA Bimal Jain
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CBEC notifies All Industry Rates (AIR) of Duty Drawback w.e.f. 22.11.2014

Service tax in respect of same transaction cannot be demanded again for payment under different category

Doctrine of unjust enrichment applies to pre-deposit amount & can be substantiated by CA certificate

Imparting computer education in schools along with providing computers/ accessories is a Works contract and liable to Sales tax

Cenvat credit taken on inputs cannot be denied merely because original manufacturer of inputs is not traceable

Cenvat credit allowable on Capital goods used initially in the manufacturing of exempted goods

Utilization of credit for payment of duty which was not required to be paid is effectively reversal of credit

Penalty not warranted when importer was not having any knowledge of mis-declaration of goods

Refund of excess duty paid cannot be denied merely on the ground of non-production of original invoices

Transaction value cannot be rejected on mere doubt, without any reasonable & justifiable evidence

Harmonization of Rules, formats & fees in all SEZs

Digitalization of applications/permissions by SEZ Units/ Developers

Cenvat credit allowable on Capital Goods acquired on lease basis from a Company which is not a financing Company

Interest on delayed refund claim U/s. 11BB also applicable on refund of accumulated Cenvat credit
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.
