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Customs excise and service tax appellate tribunal Mumbai rules “deferred sales tax discharged at net present value remains deductible from transaction value” — excise duty demand quashed where sales tax was never retained as consideration
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Customs excise and service tax appellate tribunal Mumbai rules “deferred sales tax discharged at net present value remains deductible from transaction value” — excise duty demand quashed where sales tax was never retained as consideration

Court's decision The Customs excise and service tax appellate tribunal allowed the appeal and set aside the demand of central excise duty, interest, and penalty. It held that sales tax…
Posted by Rawlaw December 14, 2025
sales tax
Posted inNews

Bombay High Court Holds Sales Tax Incentives for Industries in Backward Areas as Capital Receipts Not Taxable, Clarifies “Purpose Test” Over Form, Enabling Industries to Claim Exemption for Setting Up New Units

Court’s Decision The Bombay High Court (Nagpur Bench) held that sales tax incentives provided under Maharashtra Government’s industrial promotion schemes for setting up units in backward areas are capital receipts…
Posted by Rawlaw July 6, 2025

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