The Financial Express

Taxation: Supplementary invoice and excise liability

Our company is engaged in the manufacturing and trading of engineering equipment. We have raised supplementary invoices on our customers on account of a price revision of goods, with retrospective ...
Tax Guru

Duty Paid Through Supplementary Invoices Must Be Treated as Pre-Deposit: CESTAT Kolkata

CESTAT remanded the excise valuation dispute after holding that the appellant's duty payment through supplementary invoices ...
The Financial Express

How to raise GST invoice: Here are 9 important facts to note

How to raise GST invoice: Sending invoices under the GST will not be a burdensome process. (Source: PTI) How to raise GST invoice: The Central Board of Excise and Customs and Commercial Department in ...
Business Recorder

FED in ST mode: Edible oil, steel sectors must follow Sections 8B and 23 of ST Act: FBR

The Federal Board of Revenue (FBR) has made it mandatory for two major sectors, ie, edible oil, vegetable ghee/cooking oil and steel/billet manufacturers, paying Federal Excise Duty (FED) in sales tax ...
Tax Guru

Confessional Statements Alone Insufficient for Excise Rule 26 Penalty: CESTAT Ahmedabad

CESTAT set aside Rule 26 penalties holding they were based only on statements without corroborative evidence and without specifying the applicable clause.