Latest Amendments and Recent News Views & Stories
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| Latest News Views and Stories |
| Govt should ensure they export goods not the taxes | | The trade between different countries is commonly known as international trade International trade is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout most of the history, its economic, social, and political importance has been on the rise in recent centuries....more | | |
| Recent Important Judgement |
| STO 2010 CESTAT 194 | Cenvat Credit: Credit taken on Debit Notes: Remand:
The debit note can be considered as a valid document taken for the purpose of extending credit to the assessees. Impugned order set aside and the case remanded to the adjudicating authority to examine whether the debit notes contain all the requisite particulars for the purpose of availing credit...more | | |
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| STO 2010 CESTAT 195 | Service Tax: Input Services: Cenvat Credit:
The definition of 'input service is wide enough to take in the services in question as they are certainly the activities relating to the business. In the decision of the Tribunal in ISMT Ltd. Vs. CCE, Aurangabad - STO 2009 CESTAT 1709 it was held that garden maintenance services are input services and credit on such service is admissible. Following the ratio of the above decision, the impugned order is set aside and appeal allowed. (para 2) ...more | | |
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| STO 2010 CESTAT 196 | Service Tax: Goods Transport Agency Service: Suppression: Penalty:
The department has not established that there was any suppression on their part so as to invoke the extended period of limitation against them for confirmation of the demand. Accept the contention of the assessees that they are not liable to penalty and accordingly set aside the penalty and allow the appeal....more | | |
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