Abatement data requirements: submissions must include supporting accounts and segment-specific actuals to enable committee review. Requests for increases in excise duty or service tax abatement must be accompanied by complete supporting books of account and representative information covering different industry sections. Submissions should describe trade sale patterns, margins and discounts, and include calculations based on recent actuals for varied industry segments. Trade and industry associations should advise members to comply with these requirements to enable the Advisory Committee on Abatement to decide expeditiously.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Abatement data requirements: submissions must include supporting accounts and segment-specific actuals to enable committee review.
Requests for increases in excise duty or service tax abatement must be accompanied by complete supporting books of account and representative information covering different industry sections. Submissions should describe trade sale patterns, margins and discounts, and include calculations based on recent actuals for varied industry segments. Trade and industry associations should advise members to comply with these requirements to enable the Advisory Committee on Abatement to decide expeditiously.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
