The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), while setting aside the penalties under Section 78 of Finance Act, 1994 held that the commission or agency fee remitted to entities for handling vessels outside India are exempt from taxation. The appellant, M/s Bharat Petroleum Corporation Ltd. is among the leading oil and gas companies […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2DjHHmA
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