Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Characterisation of payments under Annual Maintenance Contracts for computers, DG sets, elevators and telecommunication services was determinative for TDS treatment. The tribunal found that routine periodic repair and upkeep under AMCs constitute payment for work/maintenance (works contract) and thus attract TDS accordingly; such payments do not qualify as managerial, professional or fees for technical services. Consequently, the assessee was not chargeable as an assessee in default and the demand under default provisions was set aside, with the assessing officer directed to delete the addition.
Characterisation of payments under Annual Maintenance Contracts for computers, DG sets, elevators and telecommunication services was determinative for TDS treatment. The tribunal found that routine periodic repair and upkeep under AMCs constitute payment for work/maintenance (works contract) and thus attract TDS accordingly; such payments do not qualify as managerial, professional or fees for technical services. Consequently, the assessee was not chargeable as an assessee in default and the demand under default provisions was set aside, with the assessing officer directed to delete the addition.
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