The Delhi High Court recently accepted that the interest received on borrowed funds, which were temporarily held in interest bearing deposit, is a part of the capital cost and is required to be credited to Capital Work In Progress. The Division Bench of Acting Chief Justice Vibhu Bakhru and Justice Swarana Kanta Sharma observed that if the interest is earned …
The Gujarat High Court has ruled that the surplus drawback resulting from the utilization of the Cenvat Credit facility was repaid along with interest, and thus, the refund of Integrated Goods and Services Tax paid on goods and services for exported goods, classified as zero-rated supplies, is deemed eligible. The petitioner, ADF Foods Ltd., challenged the inaction on the part …
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The White House called out congresswoman Marjorie Taylor Greene on …
Ripped-off workers have been compensated more than $40 million in stolen or lost wages recovered by the Fair Work Ombudsman over the past year. Key points: More than half the Fair Work Ombudsman's legal actions involved the fast food, restaurant and cafe sector Wages were stolen from a record 18,000 employees last year with courts imposing fines of $4.4 million …
