Indicators on kota fibres Case Analysis You Should Know

Manner of payment of tax: Appellants utilized Cenvat credit rating availed on service tax compensated on output services: Permissible, consequently, no doubt of demanding payment in income or requesting interest.

It is noted that the corporation had Beforehand declared significant dividend payments to its shareholders simply because Pundir thought that it absolutely was dangerous to go away extra cash to the corporation. In the same way the corporate would not value its workforce, the corporate prefers employ the service of persons in significant time, and firing them in very low seasons.

Cenvat credit score: Input Support: Canteen expert services: Volume recovered from the workmen or employees will have to be regarded and only proportionate amount of Assistance Tax attributable to the actual expenses incurred from the appellant shall qualify for availment of CENVAT Credit history.

three. A degree continues to be lifted regarding what would be the value of Service Tax in a case where by transport and cargo dealing with provider is provided inside a composite method. The evaluate of tax is the gross quantity billed through the cargo handling company from The shopper. Therefore, if lump sum total is billed for the two transportation and cargo dealing with, the tax will probably be payable on the entire sum.

GTA Services: Abetment: Consignment Take note did not point out declaration of transporter about non availment of Cenvat credit history: invoice described this sort of declaration and also showed invoice figures: Abetment admissible.

Checking out the fiscal forecast for the start of 2012 one can Plainly see that Guna Fibres is expected to get working at a net decline for the 1st quarter nevertheless still pays a dividend and continues to maintain exactly the same funds balance. At the same time Guna Fibres projects that it will be essential to boost their funding requires with the financial institution.

ten. 1A clarification continues to be sought as as to if Services Tax is payable on abandoned cargo which can be auctioned via the CFS as no services is rendered to anyone. In the case of auctioned items, the proceeds from the auction goes to start with to the cost of auction, then towards customs obligations after which you can towards the custodian of the goods.

Remain : The Fee gained with the exercise of stock brokerage prima facie cannot be brought under the heading of ‘Cargo Managing.

Cenvat Credit rating: Towers and pre-fabricated properties: Inputs: Bonafide belief: Appellants did not prove that on account of bonafide perception they took Cenvat credit score as they'd not taken Cenvat credit history on cement utilized for pre-fabricated properties: That's why, looking to the fact that the appellants don't have any case on limitation, directions issued for partial pre deposit. 

In addition, the demand from customers for saris gains An important Enhance from your countless festivals noticed because of the Indian populace and gets to an all time superior in the course of the most celebrated Competition of the yr, the Diwali. The implication is that Kota Fiber activities peak demand from customers of yarns at around late summertime and early fall, in the event the celebrations take place.

This could permit the business to cost decreased rates on its merchandise and obtain a bigger industry share. This might be the top strategy when compared with the present utilitarianism model of shedding some workforce as a means of preventing the corporate from heading bankrupt.

According to important source the posting, the availability of ships available equals the quantity of ships at present in the fleet moreover any new ships additional, minus any scrapings and sinking. As outlined by Show 2, you will find a limited amount of ships older than 24 yrs which happen to be more likely to be scraped. For all those ships underneath the age team...

It's clarified that no cargo handling services might be stated to are rendered in this sort of cases, as a result Support Tax is just not leviable.

Kota Fiber, Ltd was Started in 1962 as a little nylon fiber manufacturing enterprise in Kota, India. Correct from the start, the organization has preserved a high advancement rate and accomplishment In this particular line of small business. It sources Uncooked elements from domestic market place, which it processes into yarns and provides them to domestic textile mills. These millers, subsequently utilize the yarn to weave saris.

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