Taxation-Indirect

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Records found : 13393 of 13393
Service Tax (Amendment) Rules, 2017 (12-Jan-2017)
Amend the Service Tax Rules, 1994  12-Jan-2017 read more
1. M/s. BrahMos Aerospace Private Limited, 2. M/s. BrahMos Aerospaceig Private Limited Branch at DRDL (PJ-10) VS 1. The State of Maharashtra, 2. State of Andhra Pradesh Rep. By its Principal Secretary Revenue Department, 3. State of Telangana represented by the Principal Secretary, Revenue Department, 4. The Commissioner of Sales Tax, 5. The Assistant Commissioner of Sales tax
The Bombay High Court noted that there is a fundamental error, in the understanding of the assessing officer, of the provisions of the Central Sales Tax Act, 1956. The instant Court had to elaborately analyse the provisions only for clearing certain doubts of the authorities, particularly in the State of Maharashtra. They have failed to notice the salient features of the Central Sales Tax Act, 1956. The understanding of the assessing officer that it is the movement of finished goods, which would be the determining and conclusive factor is legally flawed. It is untenable, inasmuch as the presumption that all the decided cases speak about and dealt with movement of finished goods from one State to another and not semi finished goods. It is this erroneous presumption that has resulted in a conclusion completely vitiated in law. There is non application of mind to very crucial and relevant factors, which govern the applicability of the Central Sales Tax Act to the inter- State trade and commerce. As such, the writ petition succeeded.  10-Jan-2017 read more
1. Vaishnav Transformer, 2. Vijay Kumar Jain, Proprietor Purity Cables VS Union of India & Anr
The Delhi High Court held that a rate contract need not be for supply of an unlimited quantity. A seller may have a limited supply capability or may agree to offer a limited quantity at a given price. Restricting the rate contract to only those sellers who can supply unlimited quantity would disentitle the departments from purchasing the item economically from a seller who is able to supply, only a limited quantity, at a lower rate. Thus, there can be situations, under a rate contract, where for the same item, there are multiple rates. This would not prejudice the departments because the departments would always be at liberty to place orders on the seller who is offering the lowest price for the item. As such, the writ petition was dismissed.  10-Jan-2017 read more
Ministry of Finance Press Release (09-Jan-2017) Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015
Direct Tax and Indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year  09-Jan-2017 read more
Ministry of Commerce and Industry Press Release (09-Jan-2017) Meeting of the Commerce and Industry Minister with Incubators and Accelerators
Smt. Nirmala Sitharaman, held a meeting with various incubators and accelerators to gather feedback, hear their concerns and address key challenges faced by them in the Startup ecosystem  09-Jan-2017 read more
The Commissioner, Commercial Tax, U.P. Lucknow VS S/S Jai Mata Di Cargo Services Pvt. Ltd.
The Allahabad High Court found no difficulty to hold that the goods in question originated for transportation from Ghaziabad were being carried by the respondent in a fraudulent manner under the cover of bogus invoices with fictitious TIN numbers printed thereon. The respondents downloaded TDF-1 by submitting false information, suppressing material information, identity and particulars of real owners of the goods, so as to give it colour of transportation of the goods from outside the State of Uttar Pradesh to outside the State of Uttar Pradesh under Section 52 of the U.P. V.A.T. Act, 2008, with intent to evade tax under the Act. Under the circumstances, seizure of the goods under Section 48 of the Act and demand of cash security by the Mobil Squad Authority does not suffer from any illegality. As such, the revision was succeeded.  09-Jan-2017 read more
Mumbai Municipal Corporation and the Maharashtra Municipal Corporations (Amendment) Ordinance, 2017 (08-Jan-2017)
Amend the Mumbai Municipal Corporation Act and the Maharashtra Municipal Corporations Act  08-Jan-2017 read more
Voluntary Amnesty Scheme for Entry Tax-2017 (30-Dec-2016)
Notifies the Voluntary Amnesty Scheme for Entry Tax-2017  06-Jan-2017 read more
Customs - Non Tariff Notification No: 02/2017-CUSTOMS (N.T) (06-Jan-2017) Further amend notification 63/94 dated 21st November 1994
Amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 63/94- CUSTOMS (N.T), dated the 21st November, 1994  06-Jan-2017 read more
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