The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai set aside penalty imposed on duty liability of input tax credit availed in respect of Electricity Cogeneration plant. The appellant, M/s.Sakthi Sugars Ltd who is engaged in manufacture of Sugar, Molasses and Industrial Alcohol is registered with the Department for manufacture of the final products….
Source Taxscan
Latest Posts in "India"
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
