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Wednesday , August 31, 2016 | Updated : Aug 30, 23:37 IST
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NEWS FLASH
 
Revenue Secretary says GST implementation may be delayed by six months if Trade & Industry ask for it Advancing budget presentation to January-end - FM says it's a good case and issue is under active consideration of Govt Govt agrees to hike min wage to Rs 350/- per day but Trade Unions demand more; Strike called on Friday ST - Regional Connectivity Scheme - 90% abatement of taxable value of tickets notified (See Notifn 38 in 'What's New') President awards Tenzing Norgay Award to Biswas, ACIT (See 'Mixed Buzz') Distribution of LED Bulbs under Ujala - Gujarat crosses 2 Crore mark 20 More APAs entered into & a few with 'Rollback' provision (See 'TII Brief' in Taxindiainternational) Sovereign Gold Bonds - Applications to be accepted from Thursday for 5th Tranche (See 'Mixed Buzz') Telangana + Haryana take tally of States ratifying GST Bill to 11; West Bengal appears to be sulking Cus - Notfn. 12/2012-Cus has been issued in public interest- Therefore, it is not correct on part of Revenue to state that since purpose of import of aircraft is in nature of personal use and not for public use the benefit should be denied: AAR (See 'Breaking News') Central Excise – Refund – Burden of Bearing Duty till Last Buyer - Credit Notes Good Enough Mode - SC (See 'DDT' Column) Income tax - Whether order of Settlement Commission can be revised belatedly, in absence of proof of any allegation of fraud or misrepresentation - NO: HC (See 'Breaking News') The pointless Point of Taxation Rules, 2011 (See 'ST se GST tak') ST - Tax having been accepted into Consolidated Fund is sufficient to reinforce eligibility of appellant as provider of taxable service to take and avail CENVAT Credit - refund of accumulated credit admissible: CESTAT (See 'Breaking News') FTP - Export of Red Sanders wood by Government of Andhra Pradesh & Directorate of Revenue Intelligence (DRI) - Revision of quantity (See 'DDT') Central Excise - Refunds - Unjust Enrichment - Buyer does not mean first buyer alone; Refund on basis of credit note permissible: Supreme Court (See 'Breaking News') Govt enlarges scope of Central Sector Scheme Sagarmala (See 'Mixed Buzz') Customs –Self Assessment – Pay Anti Dumping Duty or Face Severe Penal Action – JN Customs (See 'DDT') CX - Rule 2(k) of CCR, 2004 - CENVAT credit is admissible on HR sheets used for manufacture of biogas storage tank which is exempted under Notification No. 67/95: CESTAT (See 'Breaking News') Minister launches ‘Pharma Sahi Daam' Mobile App (See 'Mixed Buzz') Scheme of Rebate of State Levies on Export of Garments 2016 (See 'DDT') India, UK looking for avenues to boost bilateral trade, including FTA: Commerce Minister Maharashtra also joins list of States ratifying GST Bill Supreme Court upholds Allahabad HC decision mandating that a lawyer outside State cannot appear in Court without a Local lawyer's appointment AP Govt & DRI get more time for export of seized Red Sanders; Quota for AP revised (See Notification No 24 in 'What's New') India-Mauritius DTAA to curb revenue loss, prevent double non-taxation (See 'Mixed Buzz') IGI Airport Customs seizes heroin worth Rs. 40 lakhs from Afghan national Trade dialogue between states & US investors to boost bilateral trade: FM (See 'Mixed Buzz') Rajesh Kumar Bhoot, IRS, 1994 Batch, is appointed as New JS (TPL-II) (See 'Service News' in Pitara) India, USA Strategic and Commercial Dialogue to take place tomorrow in Delhi (See 'Mixed Buzz')
 
   
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DDT (Daily Dose of Taxation)

Central Excise - Refund - Burden of Bearing Duty till Last Buyer - Credit Notes Good Enough Mode: SC

With VIJAY KUMAR

Central Excise - Refund - Burden of Bearing Duty till Last Buyer - Credit Notes Good Enough Mode: SC
Published: August 30, 2016

View previous DDTs »

WHAT'S NEW
CUS
:
Not 46 NT 114-117 Cir 40
ADD
:
Not 46-47 SG 02 CVD01
EX
:
Not 32 NT 43 Cir 1045
S.TAX
:
Not 38 Cir 199  
I-T : Not 75 Cir 30
Inst
DGFT
:
Not 24 PN 26 Cir 01
RBI
:
Cir 02    
BREAKING NEWS

New Delhi, August 30
Cus - Notfn. 12/2012-Cus has been issued in public interest- Therefore, it is not correct on part of Revenue to state that since purpose of import of aircraft is in nature of personal use and not for public use the benefit should be denied: AAR

New Delhi, August 30
Central Excise - Refunds - Unjust Enrichment - Buyer does not mean first buyer alone; Refund on basis of credit note permissible: Supreme Court

Mumbai, August 30
ST - Tax having been accepted into Consolidated Fund is sufficient to reinforce eligibility of appellant as provider of taxable service to take and avail CENVAT Credit - refund of accumulated credit admissible: CESTAT

Chennai, August 30
Income tax - Whether order of Settlement Commission can be revised belatedly, in absence of proof of any allegation of fraud or misrepresentation - NO: HC

Mumbai, August 30
CX - Rule 2(k) of CCR, 2004 - CENVAT credit is admissible on HR sheets used for manufacture of biogas storage tank which is exempted under Notification No. 67/95: CESTAT

MIXED BUZZ

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THE COB (WEB)

Union Budget Presentation - Why January? Why not November?

by SHAILENDRA KUMAR

Union Budget Presentation - Why January? Why not November?
Published: August 25, 2016

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Pool CAG's compliance audit findings into State of Governance Reportby TIOL EDIT TEAM

Pool CAG's compliance audit findings into State of Governance Report
Published: August 13, 2016

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Save India from Justice of Judges, by Judges & for Judges

Save India from Justice of Judges, by Judges & for Judges
Published: August 24, 2016

View previous ICE CUBEs »

GUEST COLUMN

GST may make 'Make in India' a dream in few sectorsby VIMAL PRUTHI

GST may make 'Make in India' a dream in few sectors
Published: August 29, 2016

View previous Guest Column(s) »

ST se GST tak

The pointless Point of Taxation Rules, 2011 by K SRINIVASAN

The pointless Point of Taxation Rules, 2011
Published: August 30, 2016

View previous All ST se GST tak(s) »

 
 
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