SC issues notice in
Revenue’s SLP, stays operation of Delhi HC’s interim order which had allowed
petitioner to utilize credit of ‘Clean Energy Cess’ paid on stock of coal
towards payment of Compensation Cess leviable in terms of GST Compensation
Rules r/w Notification No. 1/2017-Compensation Cess (Rate); Finding prima facie
merit in challenge to legislative competence of Parliament to enact
Compensation Act, HC had observed that power of Parliament to enact said Act
cannot be traced to Section 18 of Constitution (One Hundred and First
Amendment) Act, 2016; Accordingly, HC had barred additional payment on sale and
clearance of stocks of coal which have already suffered Clean Energy Cess,
while listing matter for hearing on October 26 : SC
Subscribe to:
Post Comments (Atom)
India-Mauritius DTAA Protocol Notified: Key Tax Implications
The Government of India has notified the amendment to the Protocol of the India-Mauritius Double Tax Avoidance Agreement (DTAA) on 13 Oct...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
In a recent informal guidance letter, SEBI clarified whether a cousin of a Promoter Group member qualifies as a person ‘related to promote...
-
Key features of File Validation Utility (FVU) version 3.3 FVU 3.3 will be applicable for quarterly TDS/ TCS statements pertaining to...
-
Facts The applicant („A‟) is a closely held Public Limited company incorporated in India in the year 1953. A‟s shareholder included A (...
-
CIT vs. The Instalment Supply Ltd (Delhi High Court) The assessee bought 1614 items of computer systems for Rs.40 lacs from HCL Hewlett ...
-
01. TDS u/s 194J is required to be done for Royalty also w.e.f 13-7-2006. 02. Royalty had been defined under explanation 2 of se...
-
Until now, 'Samaritans' is not how the Independent Directors are purported by Clause 49 in the Listing agreement. An Independ...
-
Facts Centrica India Offshore Private Limited (CIO), an Indian Company, is a wholly owned subsidiary of Centrica Plc, UK Centrica Plc a...
-
1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability ...
No comments:
Post a Comment