- Tribunal : PepsiCo’s ‘Nimbooz’, ‘Slice’ and ‘Tropicana’ taxable as fruit drinks at 4%/5.5% KVAT, not 14%/14.5%
- SC : ‘Sharbat’ deriving identity from fruit content, is fruit drink; Applies common-parlance, essential-character test
- HC : Test report not invalid merely because samples tested in two labs; Upholds DRI seizure
- SC : Copy of SC-judgment quashing demand on 'Naphtha' predominantly used for fertilizer-production despite partial non-fertilizer use
- HC : Post-import lapses by importers don’t attract penalty on foreign exporter; Clarifies Department’s extra-territorial jurisdiction
Delhi Govt advises Chartered Accountants (CA) to carry strict and timely VAT Audit / Special Audit u/s 58 of DVAT Act to pre-empt Departmental Audit / Enforcement proceedings against dealers; Calls for faithful drafting of AR-1 Report to avoid any reference to disciplinary committee of ICAI; CA audit of dealers with gross turnover exceeding Rs 10 Cr in 2011-12 / subsequent FY mandatory in terms of Notification dated February 11, 2013
DVAT Circular No. 21 dated October 14, 2013
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