kota fibres Case Solution No Further a MysteryServices Tax: Port companies ( viz. Testing & analysis assistance, Export certification assistance, Courier assistance, Disinfecting and fumigation service, Transportation Providers, CHA providers): Refund: Notification No. forty one/07 which gives for refund of assistance tax paid on company acquired by the exporter exclusively delivers in column 3 of your plan that when assistance has long been provided as per the penned settlement amongst the exporter and the buyer, refund of company tax is offered. Because the refund is admissible only in regard of products and services obtained According to the necessities of published settlement and topic to submission of duplicate of published agreement, the decrease authorities can not be identified fault with for requiring which the exact need to be furnished. Thus the declare of refunds in respect of tests & analysis support and export certification products and services and attraction in respect of these two products and services are rejected. (Para 3). The refund on courier products and services is denied on the bottom that IEC variety and export Bill quantities will not be obtainable while in the receipt issued because of the courier agency.
Cargo Managing Brokers: The loading is incidental to mining and transportation. The respondent can not be regarded as an agent within the context of rendering the provider of cargo managing. Departmental appeal turned down.
Irrespective of current developments, the precise aetiology with the disorder continues to be unidentified as well as the mechanisms of interaction between different pathogenic models which have been proposed continue to be being clarified. There isn't a pharmacological remedy that has proved to get efficacious in
Sarenga Fibers islocated while in the west of Calcutta and involved with generating synthetic fiber which might be applied as Uncooked content for the manufacture of sarees.
This mainly because of the fast development of the female population in India. In January 2001, the Handling director of the corporate Ms. Pundir realized that the organization is remarkably strike by a dollars shortage.
Cargo Managing Company: The expression 'cargo handling service' covers packing of cargo for all modes of transport and For the reason that Appellants have undertaken the exercise of packing and so on. to facilitate subsequent transportation from the cargo, They are really covered underneath the scope of 'cargo dealing with assistance'.
Support Tax: Cargo Managing support / Port solutions: Payment by primary contractor: The main case in the appellants is that they are not liable to pay the above mentioned tax, which was compensated by the principle contractors. They've got furnished statements indicating the particulars of payments of services tax for the above mentioned period of time by the primary contractors. These payments are in a similar class of expert services As well as in regard of exactly the same quantities collected because of the assessee from their customers in the course of the over time period.
one. Kota can be a case of the dysfunctional economical strategy, which is from sync Along with the company’s business enterprise system: fast revenue growth; seasonal product sales; obligatory within the location tax payments; limited financial institution help for credit score strains.
, are qualified input providers. Consequently, the appellant is rightly entitled for that input services tax credit taken and for refund thereof on export.
Cargo Dealing with Assistance: Demand on deceased father: Son continued the enterprise in the exact same identify and magnificence and hardly ever disputed service tax legal responsibility: Instructions issued for pre deposit.
This will adversely effect on the business enterprise since it will more worsen the organization`s liquidity placement by minimizing its available hard cash during the 12 months and boost the firm`s liabilities due to extended credit history time period. Under this circumstance, it truly is sensible that Kota Fibres rejects this memo because it may have an adverse impact on the outcome.
8. Distinguish amongst Earnings and Funds Flows or Profitability and Liquidity. An organization could possibly be profitable and nevertheless are unsuccessful for deficiency of money. That’s Kota’s issue. Profits (as Portion of revenues) are parked in accounts receivable or stock, they can not be used to fork out bills.
Statement of the Problems Kota is suffering from numerous troubles. To start with, the seasonal creation method implemented through the running director to prevent above creation and over stocking has resulted into a sequence of employing and layoffs yearly.
Subsequently of the present disaster that Guna Fibres is experiencing, the very first priority in deciding a training course of motion would be to employ the program have a peek at this website which will satisfy the bank immediately. On account of Guna Fibres reliance on their own line of credit rating this need to be restored for functions to carry on.