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'Telecommunication Antenna for Base Transceiver' classifiable as telecom apparatus, not as machine part
January 16 2018
CBEC issues clarification with respect to classification of Telecommunication Antenna used at Base Transceiver Station / NodeB / e-NodeB in wireless or cellular networks; Says that same would fall und...View more
CBEC eases KYC verification norms for courier EXIM; Stipulates 'GSTIN' for registered cos.
January 15 2018
CBEC eases Know Your Customer (KYC) verification norms, says that in case of import or export through courier by an individual, either Aadhaar card or Passport or PAN card or Voter ID card shall suffi...View more

Maharashtra Govt. extends VAT Audit Report submission deadline to February 15
January 13 2018
Maharashtra Govt. extends deadline for submission of VAT Audit Report in e-Form 704 for the year 2016-17 to February 15,2018; Physical copy of acknowledgement and statement of Audit Report shall be su...View more
Rajasthan Govt. directs 'speaking' rectification orders by Assessing Authorities within stipulated time frame
January 11 2018
Rajasthan Commercial Tax Dept. directs all Assessing Authorities to pass a speaking rectification order, if detrimental to interest of dealer or if demand adjusted through excess ITC of any period, af...View more

CAG finds deficiency in service tax administration; Rs. 1.17 lakh Cr arrears pending recovery at FY17 end
December 22 2017
CAG’s report on compliance audit of CBEC contains 196 audit observations on Service Tax having financial implication of Rs. 352.86 Cr; Ministry / Department had, till September 2017, accepted 17...View more
CBEC allows INR transactions at Duty Free Shops to avoid foreign currency charges
December 19 2017
CBEC extends facility of payment in INR through INR debit cards / credit cards at Duty Free Shops, without any need for conversion of foreign currency; Directs such Shops to mandatorily display the pr...View more

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SC : Upholds HC's quashing of ITC disallowance to bona-fide purchaser for seller's default
January 11 2018
SC dismisses Revenue SLP, refuses to interfere with order of Delhi HC that held Section 9(2)(g) of Delhi VAT Act to the extent it disallows ITC to purchaser due to default of selling dealer in deposit...View more
SC : Dismisses Revenue SLP; Upholds transfer of unutilised credit upon shifting of factory 
January 13 2018
SC dismisses Revenue SLP, finds no ground to interfere with Madras HC ruling which allowed transfer of unutilized CENVAT credit under Rule 10 of CENVAT Credit Rules upon shifting of assessee's factory...View more

CESTAT : No Credit towards transportation security-guard service as buyer's premises not 'place of removal'
January 10 2018
CESTAT denies CENVAT credit on security guard service for safe delivery of goods from manufacturer’s factory to buyer’s premises; Rejects assessee’s contention that since delivery is...View more
HC : Allows imported raw-material MODVAT credit basis photostat copy of Bill of Entry
January 09 2018
HC reverses CESTAT order, allows credit in terms of Rule 57G of Central Excise Rules, 1944 on imported raw material on the strength of photocopy of Bill of Entry (BoE) where triplicate copy was lost d...View more

HC : Allows CENVAT credit of duty paid by EOU on inter-unit transfer
January 10 2018
HC upholds order of CESTAT that allowed CENVAT credit of duty paid by EOU on procurement of goods from sister unit, another EOU; Rejects Revenue contention that this was a case of inter-unit transfer ...View more