Little Known Facts About kota fibres case study analysis.

On this being identified, the amount equivalent for the irregularly availed credit rating was paid back in money before the problem of exhibit-bring about see as well as small compensated services tax was also paid right after challenge of demonstrate-cause detect : Restoration of Desire and Imposition of Penalties upheld: Attraction turned down.

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which were being Utilized in relation to leasing of immovable home provider ended up held to get suitable enter assistance underneath Rule two(I) from the CENVAT Credit history Guidelines, 2004: Stay granted on prima facie case.

It is clarified that so long as the cargo is for export, no Company Tax on handling of these cargo is leviable. For domestic cargo, Service Tax are going to be relevant.

Cenvat Credit history: Stay: Appellant have taken CENVAT credit history on assistance tax compensated because of the sub-contractors with out including the worth of this sort of solutions in the value of services rendered by them to Reader's Digest: Instructions issued for partial pre deposit. 

Cenvat credit score: Enter services: GTA assistance tax compensated as receiver and tax credit rating availed: These credit permissible only for somebody giving output provider: According to the definition of output support beneath Rule three(four)(e) of Cenvat Credit rating Regulations, 2002 credit rating is barely obtainable for set off towards tax legal responsibility arising on giving output service.  

Analysis of strategic options one particular involves looking to see how removing dividends in 2012 and using Guna Fibre’s look at this site dollars balances to address net losses each and every month would allow the business to fulfill the primary standards determined higher than. Referring to show eight Take note which the values are adjusted therefore that Guna Fibres is now not having to pay a dividend and that dollars is getting used to include Web losses, altering Guna Fibres plan of keeping their cash balance in a INR 750K.

Cenvat credit score: Input Provider: Support tax paid out on 'hire-a-taxi company' for transportation of workers from Vashi railway station to the container freight station run through the appellant is surely an qualified input services below Rule two(one) of your Rule.

Cenvat Credit rating: Enter products and services: Products and services useful for development of immovable residence for renting: Other courts have held that Support Tax compensated about the companies which include development assistance, consulting architects provider, consulting engineers support, etc.

Renting of Immovable House Services: Remain: The appellant furnishing output service i.e. renting away from immovable house providers. If that be so, any input products and services in delivering these output services are going to be eligible for cenvat credit.

Cenvat credit score: Input Support: Appellant is just not seeking Cenvat credit score of input/ Input providers availed with the contractor even so the credit rating of companies availed by himself: On The premise of before judgment, keep granted.

According to the write-up, the provision of ships accessible equals the volume of ships presently from the fleet as well as any new ships added, minus any scrapings and sinking. Based on Exhibit two, you'll find a restricted amount of ships more mature than 24 yrs that happen to be likely to be scraped. For those ships beneath the age group...

Cenvat Credit score: Enter Company: Rent-a-cab: The appellants shall be suitable for your credit history of rent-a-cab provider provided, they can satisfy the rent-a-cab services has actually been utilized for transportation of workforce/officers or business connected people to their manufacturing facility/Workplace.

Specified the massive quantities of income declared to shareholders each year, they should contemplate re-investing Section of The cash within their business enterprise.

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