24 February 2020

Search Results for Tag : Levy


Provisions of Income Tax Act are not applicable, when situs of trademarks and intellectual property rights and owners thereof are not located in India(25.07.2016)

Situs of the owner of an intangible asset would be the closest approximation of the situs of an intangible asset

Petitioner (CUB Pty. Limited.....

Tags : Situs, Intangible assets, Levy


Amount of surcharge under Section 5A of OST Act to be levied before deducting amount of entry tax paid by a dealer(28.10.2016)

Respondents are engaged in sale and purchase of Motor Vehicles and are registered dealers under Orissa Sales Tax Act, 1947 ('OST Act') as well as unde.....

Tags : Surcharge, Entry tax, Levy


Penalty not imposable in absence of determination of duty(04.11.2016)

Appellant is a dealer for dealing in plastic granules and also as have manufacturing unit for manufacturing PP bags. During course of audit, it was no.....

Tags : Penalty, Levy, Validity


Interest would be payable from date on which CENVAT credit is wrongly taken or utilized(03.11.2016)

Appellant is engaged in manufacture of electronic connector harness and other IT products availed CENVAT credit of duty paid on inputs and capital goo.....

Tags : CENVAT credit, Interest, Levy


Applicant is not chargeable to capital gains tax in India as control and management of affairs of company, particularly all financial affairs were situated only in Mauritius(08.08.2016)

Applicant had acquired 9,931,638 shares (representing about 8.12% – holding) in Tech Mahindra Limited, India (“TML”) which is listed on Bombay stock e.....

Tags : Capital gains, Levy, Country


There should be a finality attached to the issue once it stands decided by the higher Courts on merits(05.12.2016)

Appellant was Ruler of the princely State of Kota. He owned extensive properties which, included two residential palaces known as "Umed Bhawan Palace".....

Tags : Levy, exemption, Entitlement


Continuing link of Appellant with equipment and facilities is infrastructural support and covered by definition of 'Support Services of Business or Commerce'(15.03.2017)

Present appeal against Order-in-Original wherein demand of service tax of Rs. 1,02,21,578.00 along with interest and imposition of equivalent penalty .....

Tags : Demand, Levy, Penalty


For levy of service tax, a specific amount has to be agreed between service recipient and service provider(27.11.2018)

The Appellant 'Premium Real Estate Developers', New Delhi is a partnership firm and is in the business of real estate trade. The issue involved in thi.....

Tags : Transaction, Tax, Levy


If a legal fiction is introduced that legal fiction must be taken to the logical end(28.02.2019)

Present appeals filed under Section 35L of the Central Excise Act, 1944 (Excise Act) question the correctness of the Final Order passed by the Tribuna.....

Tags : Assessment, Duty, Levy


Simultaneous penalties under Section 76 as well as 78 of Finance Act cannot be imposed(26.02.2019)

The Respondents are engaged in providing advertising services by displaying the advertisement of their clients on bus back panels, bus shelters etc., .....

Tags : Demand, Penalty, Levy


Items or goods which cannot be fitted into broad entries into schedule of taxing statute are only required to be taken to residuary entry(08.03.2019)

The Appellants had approached the writ Court by filing Writ Petition. In the said writ application, the taxability of a widely known drink "Frooti" ma.....

Tags : Product, Classification, Levy thereof


A thing is a part of the other, if other cannot function without it(26.03.2019)

In facts of present case, the Respondent is engaged in the business of trading of spare parts of mining machinery, steel wire ropes, standard wires, w.....

Tags : Goods, Classification, Rate of tax, Levy


Supply of tangible goods will fall under the taxable services only when right to possession and effective control is not transferred(02.05.2019)

In facts of present case, during the course of audit it was noticed that, Appellant has recovered rent charges towards rents of gas cylinders obtained.....

Tags : Tax, Levy, Validity


A tax on sale or purchase of goods includes a tax for transfer of right to use goods(04.12.2019)

The question involved in the appeal is whether it is open to the State of Karnataka to levy Sales Tax in view of the Time Charter Agreement dated 8th .....

Tags : Agreement, Transaction, Tax, Levy


Benefit extended under Customs Act waiving customs duty cannot be taken as waiver of sales tax under state and central laws(21.01.2020)

The admitted factual position in the present cases is that, after importing foreign made cigarettes, the Appellants stored the same in the customs bon.....

Tags : Sales tax, Levy, Legality


Notifications & Circulars

Direct Tax Dispute Resolution and Equalisation Levy effective 1 June 2016(31.05.2016)

The Direct Tax Dispute Resolution Scheme 2016 under Chapter X of the Finance Act 2016 came into effect on 1 June 2016. Declarations in respect of tax .....

Tags : direct tax, dispute resolution, equalisation levy, finance act, 2016


Schemes for Rebate of State and Central Taxes and Levies (RoSCTL) and Additional Ad-hoc Incentive for export of garments and made-ups(19.02.2020)

1. Government had notified the scheme for Rebate of State Levies (RoSL) to mitigate the incidence of State VAT and other State taxes on export of garm.....

Tags : Schemes, Levy, Rebate


Levy of GST on Priority Sector Lending Certificates (PSLC)(12.09.2018)

Representations have been received requesting to clarify the following:

(i) Mechanism for discharge of tax liability on trading of Priority .....

Tags : Levy, GST, PSLC


TRAI releases Consultation Paper on "Methodology for levy of Spectrum Charges for provision of Satellite based Services using Gateway installed in India under 'sui-generis' category"(10.10.2018)

1. The Telecom Regulatory Authority of India (TRAI) has today released a Consultation Paper on "Methodology for levy of Spectrum Charges for provision.....

Tags : Consultation Paper, Levy, Spectrum Charges


Charges on digital transactions(11.04.2017)

Digital financial transactions are a part of the Government's strategy to create histories of transactions, including the associated credit, and there.....

Tags : Digital transactions, Charges, Levy


Central Government hereby directs that the whole of the duty of excise payable under Section 3 of Central Excise Act, 1944 on Heena Powder and Paste shall not be required to be paid(24.04.2017)

Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-.....

Tags : Duty, Non-Levy, Heena Powder


No additional levy on use of cards at petrol stations says Petroleum Minister(09.01.2017)

MoS (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on di.....

Tags : Cards, Usage, No additional levy


CCI imposes penalties on cement companies for bid-rigging(19.01.2017)

The Competition Commission of India ('CCI') has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies .....

Tags : Penalty, Levy, Cement companies


Non-payment of service tax by way of advancement of Yoga provided by entities registered under section 12AA of Income-tax Act, 1961(26.09.2016)

Whereas, the Central Government is satisfied that in the period commencing on and from the first day of July, 2012 and ending with the 20th day of Oct.....

Tags : Yoga, Advancement, Levy, Non-payment


Amendment in Notification number 157/1990-Customs, dated the 28th March, 1990(05.10.2016)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied th.....

Tags : Notification, Amendment, Goods, Export, Levy


Central Government hereby imposes anti-dumping duty on specified goods at the rate equal to the amount as specified(29.11.2016)

Whereas, in the ’’matter of "Axle for Trailers" (hereinafter referred to as the 'subject goods'), falling under tariff item 8716 90 10 of the First Sc.....

Tags : Duty, Goods, Levy


Central Government hereby imposes on subject good an antidumping duty at the following rate(17.08.2016)

In matter of "Cold-Rolled flat products of alloy or non-alloy steel", falling under Headings 7209, 7211, 7225 and 7226 of First Schedule to Customs Ta.....

Tags : Anti-dumping duty, Levy


Service tax on freight forwarders on transportation of goods from India(12.08.2016)

Board has received representations regarding service tax on freight forwarders on transportation of goods from India. In terms of rule 10 of Place of .....

Tags : Freight forwarders, Goods, Transportation, Levy



Equalisation Levy of 6 % to Come in Force from Tomorrow(31.05.2016)

Equalisation levy of 6 per cent on services pertaining to cross border digital transactions will come into effect from June 1.

Tags : Equalisation levy , cross border digital transactions


#GST Rollout: Govt Amends Provisions relating to Composition Levy under CGST & UTGST Act(29.06.2017)

Central Government has notified that manufactures of ice-cream, pan masala and tobacco cannot opt for composition levy under Central Good and Services.....

Tags : Central Government, GST, Composition Levy


#GST Rollout: Govt Amends Registration Rules(29.06.2017)

Central Government has notified amendments made to Registration Rules under CGST, which says that registration granted to a tax payer can be cancelled.....

Tags : Central Government, GST, Composition Levy


Kerala HC Stays GST Levy on TCS Amount Collected by Vehicle Dealers(22.01.2019)

Kerala High Court has stayed the levy of Goods and Services Tax (GST) on the amount collected by them as Tax Collected at Source (TCS) from vehicle pu.....

Tags : Kerala High Court, GST Levy on TCS Amount Collected by Vehicle Dealers


Gujarat HC Quashes Circular Levying GST on DISCOMS for Bundled Services(24.01.2019)

Gujarat High Court has struck down a part of a circular issued in March last year by the Central Board of Indirect Taxes and Customs (CBIC), which had.....

Tags : Gujarat High Court, Circular Levying GST on DISCOMS


Madras High Court: Error in Short-Levy of Service Tax Can be Ratified by Assessee(13.02.2020)

Madras High Court has held that in the case of an error in short-levy of service tax, for the purposes of ratifying, the Assessee is left with two opt.....

Tags : Madras High Court, Short-Levy of Service Tax


Top Story

RBI imposes monetary penalty on five Prepaid Payment Instrument (PPI) Issuers(03.05.2019)

The Reserve Bank of India has imposed monetary penalty on five PPI Issuers for non-compliance of regulatory guidelines in exercise of its powers under.....

Tags : Penalty, Levy, PPI issuers



Parameters for Splitting of GST Revenue Between Centre and States(11.08.2015)

Under the proposed General Sales Tax regime, the Centre would levy and collect Central Goods and Services Tax, and States would levy and collect the S.....

Tags : general sales tax, levy, apportion