June 2023

M/s. Gargo Traders Vs JC, Commercial Taxes, by The High Court of Calcutta UNDERLYING ISSUE The petitioner made purchase in November 2018 when suppliers registration was active subsequently authority has cancelled his retrospectively from October 2018. Authority has denied the claim of ITC made by petitioner. DEPARTMENT ALLEGATION The supplier from whom the petitioner claimed […]

SC Judgement in the matter of M/s Edelweiss Financial Services FACTS OF THE CASE M/s Edelweiss Financial Services Limited issued a corporate guarantee without any consideration. The Revenue claimed that the assessee did not fulfill their service tax liability as a provider of banking and financial services. The adjudicating authority concluded that commission received from