Search Results for Tag : supplier

News

CESTAT, Chennai : Royalty Need Not be Included in Transaction Value if Not Paid to Foreign Supplier(29.04.2022)

Customs, Excise & Service Tax Appellate Tribunal, Chennai has ruled that royalty need not be incorporated in transaction value if not paid to a foreig.....

Tags : Customs, Excise & Service Tax Appellate Tribunal, royalty, foreign supplier

CESTAT: No Excise Duty on Goods Manufactured on Job Work Basis(18.05.2022)

Customs, Excise & Service Tax Appellate Tribunal, Ahmedabad has ruled that no excise duty on goods manufactured on job work basis from old and used go.....

Tags : Customs, Excise & Service Tax Appellate Tribunal, excise duty, job work, supplier

ITAT, Mumbai: Depreciation Allowable on Marketing Information and Non-Compete Fee(11.04.2022)

Income Tax Appellate Tribunal, Mumbai has observed that the depreciation is allowable on intangible assets such as marketing information comprising of.....

Tags : Income Tax Appellate Tribunal, depreciation, intangible, marketing information, Commercial information, Customer data, Distribution network, Suppliers contract, Non-compete fees

NAA Directs GST Officers to Collect Evidence Against Suppliers Denying GST Rate Cut Benefits(25.06.2021)

National Anti-Profiteering Authority (NAA) has directed Goods and Services Tax officers to collect evidence against suppliers denying GST Rate Cut ben.....

Tags : National Anti-Profiteering Authority, Suppliers Denying GST Rate Cut Benefits

SC: Party Who Was Not Supplier on Date of Entering Into Contract Can’t Seek Benefit Under MSMED Act(02.11.2022)

Supreme Court has held that a party who was not 'supplier' on the date of entering into contract cannot seek any benefit as the 'supplier' under the M.....

Tags : Supreme Court, MSMED, Supplier

SC Upholds Validity of Section 16(2)(c) of CGST Act, Says ITC Depends on Supplier's Tax Payment(28.07.2026)

Supreme Court upheld the constitutional validity of Section 16(2)(c) of the CGST Act, 2017, holding that a buyer can claim Input Tax Credit only if th.....

Tags : Input Tax Credit; Supplier; CGST

Notifications & Circulars

Price-Fixing Cartel amongst suppliers of Electric Power Steering Systems to automobile Original Equipment Manufacturers(15.08.2019)

The Competition Commission of India ('CCI') passed a final order with respect to cartelisation amongst NSK Limited, Japan ('NSK') and JTEKT Corporatio.....

Tags : Price-Fixing, Cartel, Suppliers

Judgments

Cannot interfere in free choice of buyer: CCI(28.06.2016)

The Competition Commission of India dismissed a complaint against a defence procuring department for ‘bid-rigging’, stating that the Commission “does .....

Tags : defence, procurement, furniture, supplier, bid-rigging