Latest Amendments and Recent News Views & Stories
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| Latest News Views and Stories |
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| Radical change in the definition of Input and Input services | | Confusion and lack of clarity are the moot cause of majority of the litigations. The trade and industry constantly seek advice from experts and professionals. In the manufacturing sector somebodies final product is another's input. The same goes for the service sector too Countless litigations are pending at various courts for determining as to whether input or input services are eligible for Cenvat Credit...more | | |
| Recent Important Judgement |
| STO 2010 CESTAT 221 | Clearing & Forwarding Service : Limitation :
As per Board's Circular there was confusion over inclusion of reimbursable charges: Prima facie case made out: Stay granted...more | | |
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| STO 2010 CESTAT 222 | Security Service Provider :
Contention that services provided to Government agency was not taxable accepted as bonafide belief : Service Tax and interest confirmed : Penalties set aside...more | | |
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