In the matter of Commissioner of Central Excise, Mysore (Appellant) Versus TVS Motors Company (Respondent) QUESTION OF LAW BEFORE THE HON’BLE APEX COURT Whether the pre-delivery inspection charges (“PDI”) and after sales service charges (“ASS”) are to be included in the assessable value? BRIEF FACTS M/s TVS Motors Company Ltd. (hereinafter referred to as the … Continue reading The Hon’ble Supreme Court overruled the CESTAT Larger Bench decision in Maruti Suzuki Case and held that pre-delivery inspection charges and after sales service charges are not be included in the assessable value
GOVERNMENT MAY SCRAP 1% INTER-STATE TAX TO MOVE CLOSER TO GST
India may have moved closer to the much-awaited Goods & Services Tax (GST) with the government and opposition finding some common ground on crucial elements of the proposed levy. This follows PM Shri Narendra Modi and the ruling Bharatiya Janata Party reaching out to Congress in the search for a compromise to break the stalemate … Continue reading GOVERNMENT MAY SCRAP 1% INTER-STATE TAX TO MOVE CLOSER TO GST
Relaxation of additional fees and extension of last date of in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013
MCA vide General Circular No. 15/2015 has extended the last date of filing of Annual Filing Forms (MGT 7 and AOC-4) without additional fees till December 30, 2015. http://www.mca.gov.in/Ministry/pdf/General_Circular_No_15_2015.pdf
NO VAT ON ‘BRAND FRANCHISEE FEE’ IF EFFECTIVE CONTROL OVER BRAND IS NOT TRANSFERRED
The Hon’ble Karnataka High Court in the matter of State of Karnataka, Bangalore Vs. United Breweries Ltd.(UBL) [STRP Nos. 384/2014 & 01-03/2015] has held that no VAT is leviable on ‘brand franchisee fee’ in case of manufacture of beer as the manufacturer (CBUs) do not get effective control of the brand name for full commercial … Continue reading NO VAT ON ‘BRAND FRANCHISEE FEE’ IF EFFECTIVE CONTROL OVER BRAND IS NOT TRANSFERRED
FREQUENTLY ASKED QUESTIONS (FAQ) ON SBC
Q.1 What is Swachh Bharat Cess (SBC)? Ans. It is a Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015, called Swachh Bharat Cess, as Service Tax on all the taxable services at the rate of 0.5% of the value of taxable service. Q.2 … Continue reading FREQUENTLY ASKED QUESTIONS (FAQ) ON SBC
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