No withholding tax on discount on prepaid SIM cards, recharge vouchers: Supreme Court | Mumbai News – Times of India

[ad_1] MUMBAI: In a recent ruling, the Supreme Court (SC) clarified that discounts given on the print price of prepaid SIM cards and recharge coupon vouchers by telecom operators to distributors will not trigger withholding tax obligations under the Income-tax laws.The SC’s decision, which came in a batch of appeals with Bharti Cellular as the…

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CESAT classifies charter of aircraft as transport of passenger service – Times of India

[ad_1] MUMBAI: In a recent ruling, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench, classified aircraft charter as an air transport of passenger service, rather than a supply of tangible goods service.CESTAT’s decision was based on several factors, including the registration of the taxpayer with the Directorate General of Civil Aviation (DGCA)…

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