Pooja Gogia’s Post

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Senior Manager | Indirect Taxation @ H N A & Co LLP

I was ablazed upon hearing one of Margaret Thatcher's quoted poem - "Oh, you have no enemies, you say? Alas! My friend, the boast is poor. He who has mingled in the fray of duty, that the brave ensure, must have made foes! If you have none, small is the work that you have done..." Well similar were my thoughts when i read recent circulars issued by CBIC. The below are the thoughts; 1. As we were digesting the concept of regularisation on as is basis, the council proposed a legalization of the concept. Till the time we digested it, now CBIC has decided to make regulations subject to ITC denials. Where lies the power? 2. Some experts once discussed the concept that whether transfer of development rights is a continuous supply of services? Those experts used to switch off the thought the same movement considering the catastrophe it would create. Well, it appears CBIC didn't think of these implications while saying transfer of spectrum license as continuous supply merely because it was being paid in installments. It's a judicial mishap to consider nature of supplies as continuous merely by payment methods. 3. ITC of ducts and manholes is allowed for optical fiber cables. Well and good but what about the ITC of pipelines outside the premises. If such ITC is blocked how can ITC of infrastructure for optical fiber cables installed outside premises be allowed. Treatment of equals as unequals? Constitution ringing some bells? Well, mistakes have been made. CBIC has gathered foes. Let there be light before the courts.

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