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No service tax liability on interest free security deposits

The Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) in the matter of Marwadi Shares & Finance Ltd Vs. C.C.E. & S.T.-Rajkot {Service Tax Appeal No.13222 of 2014} has ruled that no service tax payable on interest free refundable security...

Refund of ITC when Duty drawback is claimed

The Madurai Bench of honourable Madras High Court has thrown light in case of ITC refunds when the duty drawback is claimed by the assessee. The court in the matter of Numinous Impex (I) Pvt. Ltd. Versus The Commissioner of Customs has held that the refund of Input...