Saturday, February 16, 2019

Supply received on consignment basis for further supply is ‘clearing & forwarding agents services': CESTAT

GST/Excise/ST/VAT : Where a principal, under an agreement entered into with assessee, supplied products to assessee on consignment basis and assessee sold them to customers, activity undertaken by assessee would fall under category of 'clearing and forwarding agent service'

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000186141/supply-received-on-consignment-basis-for-further-supply-is-‘clearing-forwarding-agents-services-cestat.aspx

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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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