Interpretation of Total Turnover & Export Turnover under 10A - ...

High Court Calls for Consistent Calculation in Section 10A to Ensure Fair Tax Benefits for Exporters.

May 2, 2016

Case Laws Income Tax HC

Interpretation of Total Turnover & Export Turnover under 10A - there should be uniformity in the ingredients of both the numerator and the denominator of the formula - HC

View Source

← Previous Next →

Interpretation of Total Turnover & Export Turnover under 10A - ...

High Court Calls for Consistent Calculation in Section 10A to Ensure Fair Tax Benefits for Exporters.

May 2, 2016

Case Laws Income Tax HC

You may also like:

This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export...

Refund of service tax paid - export - Once it is not in dispute that the services are specified for refund purpose, and since Service Tax was actually paid on specified...

Can an exporter of goods opt to pay tax under composition scheme under GST?

The Public Notice issued by the Office of Principal Commissioner of Customs addresses the non-disbursal of Drawback to certain exporters due to their bank account...

Denial of rightful claim of refund of service tax being the Petitioner is an exporter - Under Section 2(20) of Customs Act the term ‘exporter’ would include any owner or...

Seeking amendment of shipping bill - Benefit of merchandise export from India Scheme (MEIS) - The Customs House, in fact, issued certificate of amendment. Thus, denial...

HC allowed the petition, holding that a manufacturer/exporter can claim one input-side benefit and one output-side benefit without constituting double benefit. The court...

Profiteering - restaurant service - reduction in rate of GST - every recipient/ customer is entitled to the benefit of the tax rate reduction by way of reduced prices...

The AT upheld penalties against appellants for violating FERA provisions by failing to ensure wheat flour exported under the "Repayment of State Rupee Credits" scheme...

DGFT has introduced an online module for filing Annual RoDTEP Return (ARR) on its portal for exporters who claimed RoDTEP benefits exceeding Rs. 1 crore in FY 2023-24....

Amendment in the Shipping Bills - it is not incumbent upon the exporter to prove an “intention” to claim drawback or other benefits. Section 149 of the Act enables an...

Revocation of Customs Broker License - risky exporters involved in IGST refund frauds - reliane placed on reports of the jurisdictional officer - it is not the...

ITAT adjudicated a tax dispute involving long-term capital gains (LTCG) and cost of acquisition determination. The tribunal directed the Assessing Officer (AO) to adopt...

The notice introduces two new functionalities for self-certification of electronic Bank Realization Certificates (eBRCs): a bulk upload facility and API integration. The...

Revocation of customs broker license and levy of penalty found unjustified. Alleged violations of Regulations 10(a), 10(b), 10(d) & 10(n) of CBLR, 2018 regarding...

Quick Updates: