Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreBCAJ Brieficles are short-format, web-only articles on contemporary topics of professional importance that are open-for-all to read & share.
Explore BrieficlesExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn MoreMonthly mouth-piece of BCAS, the BCA Journal is a leading publication that has been in continuous circulation for more than 53 years. Over the years the BCAJ has become synonymous with high-quality & authentic content across fields of finance, accounting, tax & regulatory matters. The BCAJ has wide circulation across India & commands huge respect amongst the Chartered Accountants` community.
Learn MoreFor queries, collaborations, and insights to forge, Drop a line, share thoughts, inquiries galore, At BCAJ, your messages, we eagerly explore.
Learn MoreFacts:
The department contended to levy tax on the value of spare parts sold during rendering of services which were charged separately in the bill/ invoice and on which VAT/sales tax liability was also discharged.
Held:
Relying on the Board Circular dated 23-08-2007 and on the decisions of Ketan Motors Ltd. and Sudarshan Motors, the Hon. Tribunal allowed the appeal by way of remand and held that the cost of spare parts sold during the rendering of service cannot form part of the transaction value.