Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Service tax liability assessed on various services provided/received by the appellant. Regarding director sitting fees, demand upheld along with interest, no penalty imposed. Commission/brokerage received from shipping lines not taxable as business auxiliary service. Reimbursable expenses for cargo handling services like registration charges, port charges, not liable to service tax. Profit earned on ocean freight differential not taxable. As recipient of GTA services, appellant liable to pay service tax on transportation invoice where service tax mentioned payable by party. Services by local truck owners without consignment note not taxable as GTA service. Demands set aside except director sitting fees and one GTA invoice.
Service tax liability assessed on various services provided/received by the appellant. Regarding director sitting fees, demand upheld along with interest, no penalty imposed. Commission/brokerage received from shipping lines not taxable as business auxiliary service. Reimbursable expenses for cargo handling services like registration charges, port charges, not liable to service tax. Profit earned on ocean freight differential not taxable. As recipient of GTA services, appellant liable to pay service tax on transportation invoice where service tax mentioned payable by party. Services by local truck owners without consignment note not taxable as GTA service. Demands set aside except director sitting fees and one GTA invoice.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
