Published on July 30, 2016 September 13, 2016 By Editor. according to their respective Numbers." NRI PROBLEMS. That is part of the infamous three-fifths clause, or … Thereafter, the petitioner by its letter dated January 30, 2015 intimated the respondent no.

when the goods cross the Customs frontier and any sale prior to such point is not liable to tax under GST. The Superintendent of Service Tax held the view that, such a service is exigible to tax. This is to apprise you regarding recent decision of CESTAT, Mumbai in the case of Nuclear Power Corporation of India Limited v.CCE, 2020-VIL-265-CESTAT-MUM-ST.In this case, the Tribunal held that drawings and designs imported from overseas supplier are exigible to Service Tax even if the same were subject to Customs Duty at time of import. value of SIM card/cash card was included in Case Briefs High Courts. Leave a comment. . However, it is made clear that above observations are made in the peculiar facts and circumstances of this case and cannot be simply applied in each and every type of waiver of the loan amount. Define exigible. Exigible definition: liable to be exacted or required | Meaning, pronunciation, translations and examples

The assessee, HSBC Bank which is a limited liability company incorporated, registered and a tax resident in Mauritius are a Foreign Institutional Investor …

Merely because the exception clause provides for only one situation does not mean the other situations would be taxable. Exigible definition is - liable to be exacted : requirable, demandable. Petitioner is engaged in cellular telephone business within State of Kerala. ‘Katana was simply trying to divest himself of any assets he saw as exigible under a Judgment.’ Origin Early 17th century from French, from exiger ‘demand, exact’, from Latin exigere (see exact ). Under the circumstances, though the assessee has got some benefit by way of waiver of the principal amount but the same cannot be termed as “Income” of the assessee exigible to tax. exigible definition: The definition of exigible is something that can be demanded or required.

. This levy is in addition to the sales tax payable on the final product, ... is exigible to purchase tax under Section 7-A of the Tamil Nadu General Sales Tax Act. The court held that since no income of the agent was exigible to tax in India, the question of deducting tax at source did not arise. It is settled law that an exemption may be out of abundant caution and cannot be interpreted to mean that the transaction was otherwise exigible to tax [See CIT v. Madurai Mills – 89 ITR 45 (SC)]. The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that India-Mauritius Double Taxation Avoidance Agreement (DTAA) or Interest Income from Foreign Currency loan and Securities would not be eligible to tax in India.. Wh. The Advance Ruling Authority has somehow still held that the said supply is exigible to GST. The petitioner had obtained legal advice which was of a contrary view than the Superintendent of Service Tax. A simple diagrammatic representation of the transaction is as follows: ... i.e.

This levy is in addition to the sales tax payable on the final product, thus resulting in a huge setback to manufacturers. In our view, the above observations of this Court in Transmission Corporation case (1999) 239 ITR 587 (SC) which are put in italics have been completely, with respect, misunderstood by the Karnataka High Court to mean that it is not open for the payer Company can make an application before the expiry of two years from the relevant date in such form and manner. If it is held that the interest is compensatory in nature and forms part of the compensation, the same may not be exigible to tax since both sides have proceeded on the basis that the compensation per se is not taxable. Hence, such levies are deemed to be consideration for supply exigible to GST [TS-1095-AAR-2019-NT]. "Direct tax" appears twice in Article I of the U.S. Constitution. The definition of “input tax” in relation to a registered person also includes the integrated tax charged on import of services.Yes company c an take refund of GST paid on import of services against supply of Zero rate supplies made. 3 that, it was not liable to pay Service Tax. Owners of intellectual property rights not based in India not exigible to tax under Income Tax Act, 1961 on income accruing from transfer of such right.