Service Tax: An exporter of goods is eligible for refund under Notification 41/2012-ST in respect of service tax paid on terminal handling charges, inland haulage service and other documentation charges for export goods.
Sunday 24 January 2016
Govt. notifies norms for appointment of Multi-Tasking Staff in various Debt Recovery Tribunals acros
DEBTS RECOVERY TRIBUNAL/INDIAN ACTS & RULES : Debts Recovery Appellate Tribunal, Kolkata (Multi-Tasking Staff) Recruitment Rules, 2016
Govt. establishes Centralized Registration Centre for processing name reservation requests under Cos
COMPANIES ACT, 2013 : Section 396 of The Companies Act, 2013 – Registration Offices - Establishment of A Central Registration Centre (CRC) Having Territorial Jurisdiction All Over India, for Discharging or Carrying out Function of Processing and Disposal of Applications for Reservation of Names
No disallowance if cash exceeding 20,000 is directly deposited in bank account of supplier
IT: No disallowance if cash exceeding 20,000 is directly deposited in bank account of supplier
HC dismissed winding up plea against respondent-co. as arbitral award had already been passed in fav
CL : Where arbitration award had already been passed in favour of respondent-company, winding up petition filed by petitioner to pay bona fide disputed debt was to be dismissed
SC denied to entertain revenue's appeal due to lower tax effect
IT: In view of fact that Department had not filed appeal even before High Court in a similar case, Revenue's appeal before Supreme Court in instant case had to be dismissed as issue involved low tax effect; however, question of law was left open
HC allows credit of outward transportation up to buyer's premises for destination based sales
Cenvat Credit : Where sales invoice showed that prices were inclusive of freight up to buyer's premises and sales was made on FOR destination basis, place of removal would be buyer's premises and, therefore, outward transportation services up to buyer's premises would be eligible for input service credit
Final order isn't sustainable if passed after one month of DRP's directions
IT/ILT : Where DRP gave directions on 24-9-2014 to Assessing Officer to pass order and such directions were received by concerned Assessing Officer on 28-10-2014, but assessment order was passed on 30-1-2015, beyond period of limitation as prescribed under section 144C, it was not sustainable
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