The kota fibres Case Analysis Diaries

Assistance Tax: Port services ( viz. Testing & analysis company, Export certification assistance, Courier support, Disinfecting and fumigation services, Transportation Providers, CHA providers): Refund: Notification No. forty one/07 which supplies for refund of provider tax compensated on support acquired via the exporter specially presents in column 3 with the routine that when provider is furnished According to the composed settlement concerning the exporter and the customer, refund of assistance tax is on the market. Because the refund is admissible only in respect of services received as per the necessities of composed agreement and topic to submission of duplicate of penned settlement, the reduced authorities cannot be uncovered fault with for demanding which the exact same really should be offered. Thus the claim of refunds in regard of testing & analysis support and export certification providers and charm in respect of these two companies are rejected. (Para 3). The refund on courier products and services is denied on the ground that IEC number and export Bill quantities aren't obtainable during the receipt issued from the courier agency.

Due to consideration of growing Vitality demand, worldwide warming and character of solar power, the solar industry has experienced a fast improvement these several years. To start with Solar, as one of the dominant firms during the industry, is suspected and scrutinized by CFRA for intense accounting methods.

The most common limitations have been deficiency of Vitality and enthusiasm, and issues about well being, discomfort, and accelerating the degenerative process [142]. Great-good quality evidence is necessary so individuals with IBM might be confident their workout prescription will cause functional improvement with least adverse consequences.

(g) Away from total value of support delivered proportionate worth of products and substance supplied by the Company Provider

Support Tax: Cargo Managing solutions: Assert of deduction on account of payment designed to your deal labour, with the gross receipt: Taxable value: Service Tax is chargeable within the gross value of the solutions offered. Regardless that You can find an settlement to use unique deal labour, It's really a incontrovertible fact that this kind of labourers are being compensated via the appellants and they are becoming reimbursed for that assistance of Cargo Handling solutions furnished by them.

Optical fibre is usually a product which includes developed significantly over time. From guided transmission lights experiments to lasers and light emitting diodes (LED), also to dense wavelength-division multiplexing (DWDM), the realm less than which optical fibre can be utilized has expanded. One of the modern and generally used applications...

Equally, the corporate`s financial debt-to fairness ratio, presents One more avenue by which the organization can Increase its dollars readily available. The 2001 monetary projections absolutely handle this place and will Due to this fact be executed. There is certainly have to have for the corporation rethink before they embrace the 2001 projection as a strategy for producing earnings.

seven. A degree is raised by Airports Authority of India get redirected here (AAI) as to whether Provider Tax are going to be leviable in respect of managing of transhipment of export cargo from 1 Global carrier to a different international provider or from the domestic carrier to a world carrier.

Sorry, but copying textual content is forbidden on this website. If you need this or every other sample, you should register

From an analysis of the company’s money statements it'll check into key triggers of your weak liquidity position that Kota Fibers is Keeping. It may also include existing credit score standing even though evaluating it to your projected effects.

Kota and also other suppliers contend for the industry share by means of top quality solutions, competitive costs and appealing credit score phrases. Ms. Pundir functions as the taking care of director of Kota Fibers. Also, she is definitely the principal proprietor of this family members business enterprise along with 11 other shareholders.

Kota Fibers, Ltd engages in yarn output in Kota City, India. Textile millers make use of the yarn to help make regular attire (saris) for Girls in India. Kota Fibers continues to be in Procedure considering the fact that 1962 and has through the years confronted an once-a-year advancement rate of 15 %.

Transportation of Goods by road: Assistance tax paid out in dollars: Interest cannot be claimed as there was no ought to pay in dollars Cenvat credit history could have been utilized for payment of company tax.

Cargo Handling Support: The problem was if the products and services provided by the appellant to M/s. Regional Oilseeds Grower's Co-carried Operative Union Ltd., Alwar and M/s. Dhara Vegetable Oil Foods Ltd., Alwar for packing, labeling, loading and unloading in their finished goods while in the manufacturing unit premises of the services recipient and sum acquired thereon, is topic to services tax under the classification of cargo dealing with support or in any other case : when principal exercise is "manufacture" Based on Central Excise Tariff Act, 1975 it is not possible to carry the mentioned exercise completed by appellant shall be cargo handling.

Leave a Reply

Your email address will not be published. Required fields are marked *