Commercial Taxes Dept. Cracks Down on GST Evasion by Coaching Institutes

1. Commercial Taxes Dept. Cracks Down on GST Evasion by Coaching InstitutesThe Enforcement Wing of Karnataka’s Commercial Taxes Department in Belagavi has uncovered a significant network operating numerous coaching institutes in the Vijayapura district, suspected of evading Goods and Services Tax (GST). Read More
2. Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]The Income Tax Appellate Tribunal (ITAT ) Kolkata  held that Income earned from providing It services to Indian Customers is taxable in India because the service is used in India.Read More
3. Transaction value of Silk Yarn can’t be  Rejected without Cogent Reason: CESTAT set aside Demand of Excise Duty [Read Order]The Chennai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the transaction value of silk yarn can’t be rejected without cogent reason and set aside the demand of excise duty on the enhanced value.Read More
4. ITC Cannot Be Denied Based Solely on GSTR 2A and GSTR 3B Discrepancies: Kerala HC directs Readjudication [Read Order]The Kerala High Court, based on the Calcutta High Court’s ruling in the case of Suncraft Energy Private Limited v. The Assistant Commissioner, State Tax, Ballygunge Charge, has ruled that, in the GST regime, the assessee cannot be refused the Input Tax Credit simply due to variations between GSTR 2A and GSTR 3B.Read More
5. Benefit of Excise Duty Exemption Allowable on Molasses Captively Consumed for Manufacture of Rectified Spirit: CESTAT quashes Excise Duty Demand [Read Order]The Chennai bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the benefit of excise duty exemption allowable on molasses captively consumed for the manufacture of rectified spirit and quashed the duty demand.Read More

1. Supreme Court upholds Income Tax Exemption granted on Dividend Income to Multi-State Cooperative Society with PE in Oman as per India-Oman DTAA [Read Order]

The Supreme Court has recently ruled that when an Indian entity’s establishment operates in Oman and holds a ‘Permanent Establishment’ status under the Double Taxation Avoidance Agreement (DTAA), any dividend income received by the Indian entity from this establishment will not be subject to taxation under Indian tax laws.

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1. Broadcasting Production Right doesn’t fall under the Ambit of Royalty under Article 12 of U.S. Treaty: ITAT grants relief to Fox International Channels [Read Order]The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while grating relief to Fox International Channels, held that broadcasting production rights doesn’t fall under the ambit of royalty under Article 12 of the United States Treaty. Read More
2. Non-compliance of Notices: ITAT imposes cost of Rs 5000 on Assessee [Read Order]The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) imposed a cost of Rs.5000/- on the assessee for non-compliance with the notices issued by the Commissioner of Income Tax (Appeal) [CIT(A)].Read More
3. Live Consignment pending without Justiciable Reason: CESTAT directs Re Adjudication [Read Order]The Kolkata bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) directed re-adjudication as the Live Consignment was pending without Justiciable Reason. Read More
4. Demand of Excise Duty on Waste Rubber Granules Beyond Period of Normal Limitation is not valid: CESTAT [Read Order]The Delhi bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the demand for excise duty on Waste rubber granules beyond the period of normal limitation is not valid. Read More
5. Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the government grants received in lieu of Financial Restructuring Plant (FRP) need not be reduced from the cost of capital assets. Read More