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GST Council clears compensation bill but CGST, IGST & SGST bills pending
February 18 2017
GST Council at its meeting today clears draft compensation bill; Only certain provisions of CGST, IGST & SGST bills cleared, discussions to continue at next meeting on March 4, 5; Draft compensati...View more
SC admits Revenue SLP against HC's grant of exemption on inter-State LPG supply
February 17 2017
SC admits Revenue SLP against Gujarat HC decision which allowed CST exemption on inter-State sale of LPG for domestic use despite insertion of expression “by the consumers of the State” w....View more

SC admits Revenue appeal to decide credit eligibility of insurance for employees & overseas stock
February 17 2017
SC admits Revenue appeal against CESTAT order which allowed CENVAT credit of service tax paid on insurance premium of life insurance/ mediclaim policies taken for existing & retired employees as w...View more
No service-tax on transshipment goods transported to Indian Customs station from overseas
February 17 2017
Finmin TRU clarifies that no service tax is applicable on transportation of goods by vessel, intended for transshipment to any country outside India; As per Rule 10 of Place of Provision of Services R...View more

CBEC directs CAS-4 Certificate submission for captive consumption, by December 31 of next FY
February 17 2017
CBEC directs submission of CAS-4 Certificate of FY ending March 31st, by December 31st of next FY for purpose of calculating cost of captively consumed goods; For eg., for FY 2016-17, CAS-4 Certificat...View more
Revenue defends sales-tax on kerosene supply for N-paraffin extraction; Bombay HC reserves order
February 14 2017
Revenue Special Counsel V. A. Sonpal defends levy of sales tax on supply of kerosene for extraction of N-paraffin and subsequent return thereof, under erstwhile Bombay Sales Tax Act; Mr. Sonpal argues...View more

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HC : Airport operation & maintenance in joint-venture with AAI, not taxable as 'franchise service' 
February 21 2017
Delhi HC holds that upfront and annual fees payable by International Airports (assessees) to Airports Authority of India (AAI) under “Operations, Management and Development Agreements” (OM...View more
HC : Finds no transfer of property in consumable chemicals / solvents used for cleaning 
February 22 2017
HC holds that use of consumable chemicals / solvents in the process of cleaning does not amount to transfer of property in goods from assessee to Northern Railways (contractee) exigible to tax; Conseq...View more

HC : 'Capital Goods' definition under Credit Rules 'exhaustive', CENVAT inadmissible on 'Welding electrodes'
February 23 2017
HC allows Revenue’s appeal, ‘welding electrodes’ specified under Chapter Heading 8311 of Central Excise Tariff, not ‘capital goods’ under Cenvat Credit Rules (Rules), 200...View more
CESTAT : Upholds duty where machine imported under EPCG licence not installed, depreciation benefit unavailable 
February 20 2017
CESTAT dismisses assessee’s appeal, upholds duty demand on account of non-fulfilment of export obligation (EO) where capital goods i.e. digital printing machine, imported duty free under EPCG sc...View more

CESTAT : Duty payable on inter-unit transfer of goods by STP, absent requisite permission 
February 20 2017
CESTAT upholds levy of duty along with interest, where premises leased along with goods procured/imported duty-free, by a STP unit under 100% EOU scheme, to other STP unit on inter-unit transfer (IUT)...View more