Tribunals are here to stay as they play an important role in the sphere of the adjudication of disputes- says Law Minister Shri D.V.Sadanada Gowda The valedictory session of Platinum Jubilee Celebrations of Income Tax Appellate Tribunal (ITAT) here in New Delhi today witnessed addresses from the Union Minister of Finance, Corporate Affairs and Information … Continue reading Government looking into Parthasarathi Shome Committee Recommendations to simplify Tax Administration-says Finance Minister Shri Arun Jaitley
Month: January 2016
Jai Hind! Jai Bharat!
BOARD CIRCULAR WOULD PREVAIL OVER EDUCATION GUIDE
As we know for the period prior to 01.07.2010, the construction service provided by builder/developer was not taxable. However, for the period after 01.07.2010, construction service provided by builder/developer is taxable. The Ministry of Finance, Department of Revenue vide Circular No. 151/2/2012-ST dated 10.02.2012 examined the tripartite business model wherein three parties are involved i.e. … Continue reading BOARD CIRCULAR WOULD PREVAIL OVER EDUCATION GUIDE
MONETARY LIMIT FOR FILING APPEALS REVISED BY CBEC
In order to reduce the volume of litigation, the Central Board of Excise & Customs (“CBEC”) vide Instruction F. No. 390/Misc./163/2010-JC, dated 17th December, 2015 has revised the monetary limits for filing appeals by the Department before CESTAT/High Courts and Supreme Court. The revised monetary limits for filing appeals by the Department are as under: … Continue reading MONETARY LIMIT FOR FILING APPEALS REVISED BY CBEC
Supreme Court upheld the CESTAT decision in the case of M/s Nestle India Limited that since the exemption Notifications would apply and what has to be determined under the said Notification is excise duty payable in India, such duty could only be arrived at by applying Rule 8 in case of captive consumption
In the matter of COMMISSIONER OF CENTRAL EXCISE …APPELLANT VERSUS M/S NESTLE INDIA LIMITED …RESPONDENT Brief Facts M/s Nestle India Limited (hereinafter referred to as “the Respondent”) is a 100% EOU engaged in the manufacture of instant tea falling under Chapter 2101.20 of schedule to the Central Excise Tariff Act, 1985. The present … Continue reading Supreme Court upheld the CESTAT decision in the case of M/s Nestle India Limited that since the exemption Notifications would apply and what has to be determined under the said Notification is excise duty payable in India, such duty could only be arrived at by applying Rule 8 in case of captive consumption
Abott Law Office 