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There is no obligation to deduct tds on amounts paid as reimbursement of expenses. [Delhi High Court in the case of CIT vs. DLF commercial project corporation]
The cabinet approved changes suggested by a Rajya Sabha select committee to the GST constitution amendment bill, including compensating the states for five years for loss of revenue.
Specification of items and nature of business are not required in DVAT for the purpose of claiming input tax credit. DVAT appellate tribunal, in the case of [M/s Seth Durga Dass and Sons dated 17.08.2015]
Rajasthan high court in the case of CTO vs Penar Industries Ltd. held that exemption applicable to “execution of works contracts relating to buildings, bridges, roads and canals”, also extends to fixing profile safety steel barriers at hazardous locations on national highway, as the same are relatable to roads itself.
Cenvat credit on capital goods used in the construction/erection of plant is allowed. M/s Thiru Arooran Sugars vs. The custom, excise and service tax appellate tribunal, Honorable Madras High Court.
RBI has reviewed the guidelines on restructuring of advances given by NBFCs. In terms of the extant instructions, NBFCs may restructure loans, subject to the extant prudential norms on restructuring of advances, by way of revision of DCCO beyond the time limits and retain the ‘standard’ asset classification
The cabinet approved changes suggested by a Rajya Sabha select committee to the GST constitution amendment bill, including compensating the states for five years for loss of revenue.
Specification of items and nature of business are not required in DVAT for the purpose of claiming input tax credit. DVAT appellate tribunal, in the case of [M/s Seth Durga Dass and Sons dated 17.08.2015]
Rajasthan high court in the case of CTO vs Penar Industries Ltd. held that exemption applicable to “execution of works contracts relating to buildings, bridges, roads and canals”, also extends to fixing profile safety steel barriers at hazardous locations on national highway, as the same are relatable to roads itself.
Cenvat credit on capital goods used in the construction/erection of plant is allowed. M/s Thiru Arooran Sugars vs. The custom, excise and service tax appellate tribunal, Honorable Madras High Court.
RBI has reviewed the guidelines on restructuring of advances given by NBFCs. In terms of the extant instructions, NBFCs may restructure loans, subject to the extant prudential norms on restructuring of advances, by way of revision of DCCO beyond the time limits and retain the ‘standard’ asset classification