Indirect Tax Digest | 16 February 2024
Indirect Tax Digest | 16 February 2024
HIGHLIGHTS
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Madras High Court - Unless the validity of the Duty Credit Scrips is challenged by the Issuing Authority, Directorate of Revenue Intelligence is not empowered to issue a Show Cause Notice for recovery of customs duties under Section 28AAA of the Customs Act, 1962.
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AAAR, West Bengal - Input Tax Credit in respect of construction of an immovable property (other than those pertaining to re-construction, renovation, additions, alterations or repairs of an immovable property) is restricted irrespective of whether such expenses are capitalised in the books of accounts.
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AAR, Uttar Pradesh - Assignment of leasehold rights is a supply of services leviable to GST @18%.
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CESTAT, Chennai - Incentives received from suppliers for achieving sales targets cannot be treated as consideration received for promoting sales and hence, not leviable to service tax.
We hope you find it useful and an interesting read.
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