- 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
MVAT monthly returns for periods April 2016 to February 2017 may be filed upto April 10; Returns for quarters April – June 2016 and July – September 2016 can also be filed upto April 10; Also, the facility to upload returns for March 2017 and quarters for October to December 2016 and January to March 2017 is made available to dealers; Accordingly, March return can be filed upto April 30, October – December 2016 return by April 21 and January – March 2017 return by May 10
MVAT Trade Circular No. 9T of 2017 dated April 1, 2017
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