Little Known Facts About kota fibres case study solution.

On this remaining pointed out, the quantity equal to the irregularly availed credit rating was compensated back again in income prior to the difficulty of show-bring about observe and the shorter paid out support tax was also paid out soon after difficulty of present-result in notice : Recovery of Fascination and Imposition of Penalties upheld: Enchantment rejected.

According to... Show one the following inferences is often drawn from your survey regarding herbal shampoo group:

Assistance Tax: Providers of Cargo Handling but segregated the services into Cargo Dealing with Services and Transportation Products and services (GTA products and services) and availed the advantage of abatement about the GTA expert services: Scope: There's an evidence which reveal that appellant experienced billed separately to the loading of timber logs inside the port place on for the Trailor or specially built vehicles and discharged the company tax legal responsibility and likewise discharged the assistance tax legal responsibility on transportation by street on the quantity been given in the importers. Through the invoices issued via the appellant it really is observed that for transportation of logs from port spot to importer's premises, appellant is indicating the quantity separately as transportation charges, on which just after acquiring payment, appellant discharged the services tax liability underneath reverse demand system.

It really is clarified that so long as the cargo is for export, no Services Tax on managing of these cargo is leviable. For domestic cargo, Company Tax will likely be applicable.

GTA Assistance: Abetment: Consignment note did not mention declaration of transporter about non availment of Cenvat credit rating: Bill described this kind of declaration and in addition confirmed Bill figures: Abetment admissible.

Cenvat credit rating: Input Company: Appellants performing investing exercise which isn't a taxable services: Credit rating not admissible: Appellants contending that they're also furnishing erection, commissioning or set up, repair services through guarantee time period and many others: Directions issued for partial pre deposit. 

The organization`s operations had arrive at a halt thanks to a number of overdraws from its checking account. Due to this fact, the business is suffering from lack of quick-phrase liquidity at a time in the event the textile sector`s seasonal peak in India has just began. To keep the company happening, Pundir seeks For extra funding from the financial institution.

Cenvat credit score: Input Assistance: Support tax compensated on 'hire-a-cab support' for transportation of workers from Vashi railway station for the container freight station operate via the appellant is definitely an eligible enter company underneath Rule 2(one) with the Rule.

(e) Services offered for official or private use of foreign diplomatic missions and relations of diplomatic missions.

Cargo Handling Services: Desire on deceased father: Son continued the business enterprise in precisely the same title and style and hardly ever disputed service tax liability: Instructions issued for pre deposit.

Whole of Company Tax leviable on Cargo handling solutions concerning agricultural generate or merchandise meant to be saved in chilly storage is exempted.

GTA Assistance: Abetment denied on the bottom that there was no endorsement about non availment of Cenvat credit score by transporter: Though there is not any endorsement around the consignment which the transporter has not availed CENVAT credit score but it's implied that when the transporter has not paid any service tax as precisely the same has been paid with the appellants as receiver of support, problem of availment of input/enter provider tax credit history would not occur.

one. The article source expert services delivered in relation to export cargo and passenger baggage are excluded from tax net.

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