Daily Archives: August 29, 2015

Refund claim of service recipient can not be withheld

Refund claim of service recipient can not be withheld due to non furnishing of NOC from service provider Q  Can the Refund claim of service recipient be withheld due to non-furnishing of NOC from service provider ? Facts of the Case :  Appellant, a buyer of flat, made security deposit with builder on 10-12-2007 towards contingent… Read More »

Ease of Doing Business in India by CBEC

Ease of Doing Business in India by CBEC (Central Board of  Excise and Custom) Ease of Doing Business In line with the objectives to facilitate trade and improve ease of doing business, the following measures have been taken by CBEC during last one year: SERVICE TAX • Reduction in number of levies: Education Cess and… Read More »

No interest payable on delayed refund of fine or penalty

Q : Assessee paid duty, fine and penalty under protest . On assessee becoming entitled to refund thereof, Tribunal directed Commissioner to pay interest at 12 per cent on “amount of refund .Whether interest on delayed refunds is payable on duty  only or on fine and penalty also ? Interest on delayed refunds would be payable to… Read More »