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)
-
Direct Tax · No change in the rate of corporate tax including surcharge & cess.
-
Buyback is an important provision related to Share Capital of a company. Rule 17 of the Companies Act set out norms for buyback...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
The Input Service Distributor (ISD) mandate, introduced in the Union Budget 2024, will take effect from April 1, 2025, as per amendments to ...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
The Union Budget 2025 introduces significant amendments to transfer pricing (TP) regulations under the Income Tax Act. These changes focu...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
The Income Tax Department has developed the latest JAVA base ITR Forms utility. ITR-1 (Sahaj) and ITR-4S (Subam) JAVA base utility has ...
-
Sr No Due Date Related to Compliance to be made 1 11.02.2025 GST ...
No comments:
Post a Comment