Company Tax: Port products and services ( viz. Testing & analysis service, Export certification service, Courier provider, Disinfecting and fumigation provider, Transportation Expert services, CHA expert services): Refund: Notification No. 41/07 which delivers for refund of service tax paid on assistance been given because of the exporter particularly delivers in column three from the agenda that when service has actually been offered as per the created agreement involving the exporter and the customer, refund of company tax is accessible. Because the refund is admissible only in regard of expert services acquired According to the necessities of penned arrangement and matter to submission of duplicate of published agreement, the lessen authorities can not be located fault with for necessitating that the same must be offered. Therefore the claim of refunds in regard of testing & analysis provider and export certification expert services and enchantment in respect of both of these services are rejected. (Para three). The refund on courier products and services is denied on the ground that IEC quantity and export invoice quantities usually are not offered while in the receipt issued from the courier company.
For the reason that appellant has discharged the Provider Tax liability on both equally these companies, the issue of leviablity of Service tax entire sum beneath just one taxable provider of Cargo handling is not stainable in legislation.
Even with this amazing enhance, there are a number of economic problems that needs to be taken under consideration when assessing the forecast. For example, depending on the corporate`s complete belongings turnover which tells how successful the business is using its assets to produce gross sales, Kota`s total belongings turnover ratio is suboptimal.
.. process for that Wolf Motors dealership network? Suggestions for Wolf Motors if you want to have the ability to composition their provider connection system are: ❖ They ought to think about a centralized components administration technique to study, compute and make the choices on what will be acquired for every of your 4 dealerships in lieu of allowing Just about every vendor to...
Cenvat Credit rating: Use of cenvat credit for discharging assistance tax exactly where the providers obtained as input expert services rather than for output solutions: Remain granted: Matter remanded back again to the initial authority.
Services Tax: Cargo Managing Products and services: Limitation: Penalty: The audit because of the Section on prior instances didn't point out this problem even though they have been amassing prices for the duration of these types of time period also, the Appellant didn't have any intention to evade the impugned tax.
Cenvat Credit rating: Service tax compensated by commission agents: appellant is qualified for the benefit of credit rating of Assistance Tax paid out to your agent who experienced promoted income in their solutions.
7. A degree has long been raised by Airports Authority of India (AAI) as as to if Service Tax will be leviable in regard of dealing with of transhipment of export cargo from 1 international provider to a different Worldwide carrier or from the domestic carrier to a world carrier.
Cargo Handling Company: Respondent is engaged in loading, unloading and shifting of sugar baggage from ground of mill dwelling to godown, from 1 godown to another. This activity will not fit in the definition of cargo dealing with assistance.
Query No. one: What is the current scenario? Why did the organization operate out of cash? Exactly what are the achievable effects for the organization?
9. One more stage lifted pertains to cases wherever the CFS provides a complete offer level, which incorporates transportation and handling in respect of imported laden containers from Port to CFS.
eight. Distinguish concerning Income and Funds Flows or Profitability and Liquidity. A corporation could possibly be financially rewarding and still fail for absence of money. That’s Kota’s issue. Gains (as Component of revenues) are parked in accounts receivable or inventory, they can't be accustomed to pay back charges.
Cargo Handling Company: Neither in the display induce see nor in the impugned order You can find any finding which the appellants were being engaged in loading of coal with the railway siding. Just bringing the coal to railway siding would not be coated by Cargo Handling Services.
Cargo Managing Services: The issue was whether the companies supplied by the appellant to M/s. Regional Oilseeds Grower's Co-carried Operative Union Ltd., Alwar and M/s. Dhara Vegetable Oil Foods Ltd., Alwar for packing, labeling, loading and unloading of their completed items inside the manufacturing facility premises of your service receiver and amount received thereon, is subject to service tax underneath the category of cargo managing company or in Recommended Reading any other case : when principal activity is "manufacture" As outlined by Central Excise Tariff Act, 1975 it can be impossible to hold which the reported action carried out by appellant shall be cargo dealing with.