Latest Amendments and Recent News Views & Stories
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| Latest News Views and Stories |
| Availing credit on debit notes needs govt's clarity | | Revenue pressures usually start showing in the fag end of the financial years. Like every private or public organisation, government departments too seem to be under revenue collection and target pressures. Government appears to be using two ways of projecting higher revenues...more | | |
| Recent Important Judgement |
| STO 2010 CESTAT 188 | Service Tax: Goods Transport Operator’s Services: Refund:
The demand services tax on the assesses who are recipients of Goods Transport Operator’s services is required to be upheld in the light of the apex Courts decision in the case of Gujarat Ambuja Cements Ltd. Vs. UOI. The impugned order rejecting the refund claim of Rs. 15,88,185/ - is upheld...more | | |
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| STO 2010 CESTAT 189 | Service Tax: Tax with interest paid before SCN: Penalty:
Penalty cannot be sustained in the light of the Tribunal's orders in Santhi Casting Works Vs Commissioner of Central Excise, Coimbatore, M/s. U.B. Engineering Ltd. Vs Commissioner of Central Excise, Rajkot which has been followed in M/s. Volpak Systems Pvt. Ltd., Vs Commissioner of Service tax, Ahmedabad considering the provisions of Section 73(3) of the Finance Act,1994. The impugned order set aside in so far as it relates to penalty, and allow the appeal. (para 2,3)...more | | |
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| STO 2010 CESTAT 190 | Service Tax: Rent a Cab Service: Cenvat Credit:
Credit of service tax paid on services of Rent a Cab used for picking up and dropping of staff from the residence to the factory premises stands decided against the Revenue by the Tribunal's decision in the case of Commission of Central Excise, Nasik Vs. Cable Corporation of India Ltd. The impugned order is upheld and appeal rejected...more | | | Latest Amendments | | |
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