CENVAT Alert | Utilisation of credit of Cesses by service provider Dear Reader, This is to update you on a recent Notification No. 22/2015-CE (NT) dated October 29, 2015, amending the Cenvat Credit Rules, 2004. The said Notification allows an output service provider...
Cenvat Alert | Full sales tax deductible in case of Net Present Value (NPV) based sales tax incentive scheme Dear Reader,Till now, draft model laws on GST (which underwent revision once) was in public domain and served useful guide to industry to plan migration to the...
Excise Alert | Supreme Court judgment holding differential excise duty not payable on account of retrospective price increase Dear Reader, This is to update you on a recent ruling of the Supreme Court in the case of Hitkari Fibres Limited. In this case, the assessee...
Cenvat Alert | Supreme Court holds buyer’s premises can never be the place of removal Dear Reader, This is to update you on a recent ruling of the Supreme Court of India in the case of Ispat Industries Limited. In this case, the assessee obtained transit...
Judgement Update | Recent judgment of Supreme Court on Advance Authorization Dear Reader, This is to update you on a recent ruling of the Supreme Court in the case of CC vs Pennar Industries. Copy of the judgment has been attached for ready reference.To Read More,...
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