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Friday , July 29, 2016 | Updated : Jul 29, 20:32 IST
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NEWS FLASH
 
CBDT extends Income Tax Return Filing dates on all India basis to Aug 5, 2016 and for J&K taxpayers upto Aug 31, 2016 (See 'Order' in 'What's New') Implementation of revised pay - Allowances to continue until decision taken; zero DA from Jan 1, 2016 (See 'Pay Commission' in Pitara) Indian diplomatic missions in China caution traders about China's impex fraud Nitish govt to make prohibition law more stringent No law to scrap 15-yr-old diesel vehicles: Govt tells NGT No one will be denied of benefits for want of Aadhaar: Venkaiah Naidu Petro Investment Regions to create 34 lakhs jobs: Minister (See 'Mixed Buzz') Ease of doing business - Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. w.e.f 13.08.2016 - Amendment to Notification 52/2003- Customs dated 31.03.2003 (See 'Not 44 & Cir 35' in What's New) CBEC increases Tariff Value of Gold, Silver, All Oils & Brass Scrap (See 'NT-104' in What's New) CX - Legislature can enact laws to operate retrospectively and enforce an earlier invalid legislation - Rule 57F(4A) of CER, 1944 providing lapsing of credit was limb of rationalization & is not irrational: High Court (See 'Breaking News') Income Tax return-filing - Special arrangements for Saturday & Sunday (See 'Instructions' in Income Tax') CBDT issues Addl charge order for four CCITs (See 'Service News' in Pitara) CX - In view of retroamendment by FA, 2003 withdrawing benefit of area-based exemption to cigarettes and department initiating recovery proceedings very basis of rejection of petitioner's rebate claim that M/s NETCL had not actually paid any duty ceased to exist: High Court (See 'Breaking News') CAG's Objections on CENVAT Credit (See 'DDT' Column) Refund of Service Tax consequent to Sec 11C Notification 45/2010 - When eligibility of Notification itself is in dispute, limitation of six months u/s 11C is not applicable - Refund in such cases is governed by Sec 11B: CESTAT (See 'Breaking News') IRS Revolt - Jaitley Not Amused (See 'DDT') I-T - Whether payment of interest to FIs by way of debentures amounts to 'actual payment' for purpose of deduction u/s 43B - NO: HC (See 'Breaking News') ACC appoints B V Sudhakar as New Secretary, Department of Posts PM wants Niti Aayog to put on hat of innovative experiments in India Cus - Inordinate delay in processing actions under CBLR, 2013 - Nefarious Customs brokers, who ought to be punished, get benefit of lapses committed on account of delays and which is bad for the system: CESTAT (See 'Breaking News') ACC okays several key appointments; B P Sharma is new DoP&T Secretary (See 'Mixed Buzz') Cabinet okays abolition of Guidelines for JV by Defence PSUs (See 'Mixed Buzz') Resolution passed by Mumbai Income Tax officers against DoR - FM says it is insubordination; Action to be taken under Conduct Rules 291 babus on foreign postings; 5 overstayed tenure: Jitendra Singh Strategic Forces Command out of RTI ambit: DoPT Govt discussing every industry input on GST: DG (GST)
 
   
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DDT (Daily Dose of Taxation)

CAG's Objections on CENVAT Credit

With VIJAY KUMAR

CAG's Objections on CENVAT Credit
Published: July 29, 2016

View previous DDTs »

WHAT'S NEW
CUS
:
Not 44 NT 104 Cir 35
ADD
:
Not 35 SG 01 CVD01
EX
:
Not 26-29 NT 33-40 Cir 1045
S.TAX
:
Not 35-36 Cir 196  
I-T : Not 59-61 Cir 28 Order
DGFT
:
Not 17 PN 23 Cir 01
RBI
:
Cir 02    
BREAKING NEWS

New Delhi, July 29
CX - Legislature can enact laws to operate retrospectively and enforce an earlier invalid legislation - Rule 57F(4A) of CER, 1944 providing lapsing of credit was limb of rationalization & is not irrational: High Court

New Delhi, July 29
CX - In view of retroamendment by FA, 2003 withdrawing benefit of area-based exemption and dept. initiating recovery proceedings, very basis of rejection of rebate claim that M/s NETCL had not actually paid any duty ceased to exist: HC

Hyderabad, July 29
Refund of Service Tax consequent to Sec 11C Notification 45/2010 - When eligibility of Notification itself is in dispute, limitation of six months u/s 11C is not applicable - Refund in such cases is governed by Sec 11B: CESTAT

New Delhi, July 29
I-T - Whether payment of interest to FIs by way of debentures amounts to 'actual payment' for purpose of deduction u/s 43B - NO: HC

Mumbai, July 29
Cus - Inordinate delay in processing actions under CBLR, 2013 - Nefarious Customs brokers, who ought to be punished, get benefit of lapses committed on account of delays and which is bad for system: CESTAT

MIXED BUZZ

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THE COB (WEB)

Missing Gold - Indian Customs upkeeps its vaults with too many faults!

by SHAILENDRA KUMAR

Missing Gold - Indian Customs upkeeps its vaults with too many faults!
Published: July 28, 2016

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Shed inertia over public debt reformsby TIOL EDIT TEAM

Shed inertia over public debt reforms
Published: July 28, 2016

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ICE CUBES
by NARESH MINOCHA Drop Idea of New Financial Year; Focus on Tough Reforms

Drop Idea of New Financial Year; Focus on Tough Reforms
Published: July 15, 2016

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GUEST COLUMN

by SUMIT DUTT MAJUMDER

States' Demand For Their Exclusive 'Single Control' over 'Small Business' - An Analysis
Published: July 27, 2016

by B S V MURTHY

Taxpayer friendly administration; is problem only at cutting edge level?
Published: July 26, 2016

View previous Guest Column(s) »

ST se GST tak

by KARTHIK IVRN

Time of Supply - Model GST
Published: July 27, 2016

by R N JHA

GST - Waiting for monsoon saugaat
Published: July 27, 2016

View previous All ST se GST tak(s) »

 
 
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