International Tax Ruling


Condemns authority’s deviation from Court’s remand directions to re-consider assessment in denovo proceedings

HC upholds order of Commissioner setting aside order passed by Additional Commissioner and remanding the matter for de novo proceedings u/s 64(1) of Karnataka Value Added Tax Act, 2003 (KVAT Act) wher...View More

Quashes demand on remuneration paid to whole-time Directors, relationship akin to employer-employee

Mumbai CESTAT allows assessee’s appeal, sets aside demand under service tax on remuneration paid to Directors of the Company in accordance with Notification No. 45/2012-ST and Notification No.46...View More

CENVAT credit inadmissible on 'Deposit Insurance' to banking company, post April 2012

CESTAT disallows CENVAT credit to assessee, engaged in providing banking and other financial services in respect of service tax paid to 'Deposit Insurance and Credit Guarantee Corporation' (DICGC) for...View More

Quashes Commissioner's order in second appeal, Administrative Tribunal under Sales-Tax to dispose appeal

HC sets aside order passed by Commissioner of VAT upholding validity of assessment order and imposition of penalty under Section 10(d) r/w Section 10­A of Central Sales Tax Act, 1956 observing tha...View More

Absent conflicting views regarding seizure for non-TDF production, LB places matter before regular bench

Larger Bench finds no conflict between judgments of Prakash Transport Corporation and S.B. International in the matter pertaining to seizure of goods for non-production of Transit Declaration Form (TD...View More

'Warehoused goods' sale not in course of import/high-sea, liable to local tax

Bombay HC holds that a sale made by transfer of documents while goods (i.e. iron and steel coils) are in bonded warehouse do not qualify as‘sale in the course of import’, hence, not exempt...View More

‘Power Bank’ a kind of 'mobile charger', extends Exemption benefit to imported parts thereof

CESTAT dismisses Revenue’s appeal against order of Commissioner (Appeals) which held that parts/goods imported for manufacture of ‘power bank’ is entitled for benefit under Exemption...View More

Upholds Single Judge, differential tax rates on 'Ethyl Alcohol' and 'Rectified Spirit' justified

HC dismisses assessee’s writ appeal against order of Single Judge which held that State was justified in imposing differential rate of sales tax for ethyl alcohol (10%) and rectified spirit (20%...View More

Allows CENVAT on General Insurance, air travel agent service, excess refund claim

CESTAT extends CENVAT credit to assessee on General Insurance, Air Travel Agent, Storage and Warehousing, Banking & Financial Services, and Business Auxiliary Services (BAS), holds that said input...View More

Allows refund of unutilized CENVAT credit consequent to closure of business under Rule 5

CESTAT allows refund of unutilized CENVAT credit lying in balance consequent to closure of business in terms of Rule 5 of CENVAT Credit Rules, 2004 (CCR) while rejecting Revenue’s contention tha...View More