Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
CESTAT upheld the service tax demand against a non-banking financial company for collection of receivables, classifying the service under "banking and other financial services" rather than "collection agency services". The Tribunal confirmed the Principal Commissioner's jurisdiction to issue show-cause notices, validated the tax assessment using weighted average method, and determined that the collection charges constituted taxable consideration. While rejecting additional claims regarding liquidity facility taxation, the Tribunal found the valuation method reasonable and dismissed both the appellant's and Revenue's appeals, maintaining the original tax assessment.
CESTAT upheld the service tax demand against a non-banking financial company for collection of receivables, classifying the service under "banking and other financial services" rather than "collection agency services". The Tribunal confirmed the Principal Commissioner's jurisdiction to issue show-cause notices, validated the tax assessment using weighted average method, and determined that the collection charges constituted taxable consideration. While rejecting additional claims regarding liquidity facility taxation, the Tribunal found the valuation method reasonable and dismissed both the appellant's and Revenue's appeals, maintaining the original tax assessment.
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