Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: ACCOUNTING STANDARDS :: form 3cd :: VAT Audit :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company
 
 
« General »
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman
 Filing income tax returns is not enough, you need to link Aadhaar with PAN before deadline ends
 If you don't link Aadhaar, PAN by Aug 31, your ITR won't be processed

Reliance Infra gets SC relief on dues to Tata Power
June, 03rd 2008

Reliance Infrastructure Ltd, the Anil Dhirubhai Ambani Group (ADAG) firm, on Monday received some relief when the Supreme Court directed Tata Power, which is yet to receive Rs 56 crore from Reliance towards energy charges, not to take any coercive step to recover the amount.

A vacation bench comprising justices C K Thakker and Lokeshwar Singh Panta issued notices to Tata Power and asked it to file its reply in ADAGs petition within a month.
Reliance has challenged the Appellate Tribunal for Electricitys order on May 12 holding that Tata Power was entitled to recover charges for energy supplied to Reliance at Rs 2.09 per unit. The balance outstanding dues on account of the difference between Rs 2.09 per kwh and Rs 1.77 per kwh and shortfall in minimum off-take of energy should be released to Tatas within four weeks along with delayed payment charges at the prevailing prime lending rate fixed by SBI for short borrowing and not at the rate of 24% per annum as directed by the MERC, the tribunal said.

The appellate tribunal had said that the issue relating to take or pay should be examined after the apex courts decision in another pending appeal relating to the similar issue, as to whether or not Tata was a distribution licensee and whether or not Reliances offer of rebate to its consumers to prevent them from moving away from it was tenable in law.

In a similar petition last year, the apex court  had directed Tatas to refund 50% of the Rs 451.35 crore to Reliance that it had paid as standby charges for electricity supply in Maharashtra and pay the rest as bank guarantee.

Earlier, Reliances counsel Abhishek Manu Singhvi argued that for entire Maharashtra, except Borivali, Reliance has been paying Rs 1.77 per unit, while in the case of Borivali, the rate fixed by Tatas is Rs 2.09 per unit.

Reliance said that it was supposed to pay at the rate of Rs 3.5 crore per month to Tata as standby energy charges and the remaining Rs 8 crore was to be paid in the form of difference of 32 paise per unit, which is paid for Borivali.

During the proceedings, Tatas counsel assured the court that it wouldnt take any coercive step against Reliance for the recovery of Rs 56 crore till the next date of hearing.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions