Monday, June 11, 2018

Govt. issues clarifications on availability of CENVAT Credit on GTA Services under Excise

Govt. received representations seeking clarification on implementation of circulars of the CBEC in view of several judgments of Hon’ble Supreme Court . In order to bring clarity on the issue it has been decided that Circular no. 988/12/2014-CX dated 20.10.2014 shall stand rescinded from the date of issue of this circular.

from taxmann.com News https://ift.tt/2LF3lkc

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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