Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2018 (3) TMI 743

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n verified to ascertain the factum of reversal and also for comparison with proportion of sales vis-a-vis trading. Without such ascertainment it was inappropriate on the part of the lower authorities to arrive at a conclusion that CENVAT credit was wrongly availed. The matter is remanded back to the original authority to verify the submission of the appellant that CENVAT credit had been reverse .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... anufacturing of aseptic packaging paper besides trading in packaging material and packaging machinery; in March 2012 they had availed CENVAT credit of tax paid on advertisement services totalling ₹ 2,53,59,430/-. The jurisdiction authorities held them to be ineligible to avail the entire credit owing to commercial benefits derived from advertising for sale of traded goods. Accordingly,  .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ation to the information furnished during the hearing in relation to the form ST-3 returns for the relevant financial year. There is also a finding that the data in the said returns could not be co-related with the inadmissible CENVAT which appears to be a casual disposal of crucial submissions pertaining to disclosure of CENVAT credit availed and reversed. The disclosures made in the ST-3 returns .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates