Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com HRindiaonline.com
 
LOGIN
Forgot Password |  Register
Monday , December 22, 2014 | Updated : Dec 22, 08:58 IST
Income Tax    Customs    Excise    Service Tax    FEMA    DGFT    SEZ    Misc    Pitara    Budget   
About Us Contact Us Advertise
Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com
NEWS FLASH
 
Let's peep into Customs Museum at Goa (See 'Guest Column') No State will lose revenue due to GST roll-out: FM CAG asks CBDT to debar CAs related to Director of Company from signing Audit Report (See 'Breaking News') Whether where there is no material to show even remotely that reasons spelt out in order are ever brought to notice of assessees so as to afford them adequate opportunity to respond, such order is not sustainable - YES: HC (See '2014-TIOL-2298-HC') CAG Report on Automotive Sector asks CBEC to review Rule 10 of Excise Valuation Rules, 2000 (See 'Breaking News') India holding talks for FTA with GCC (See 'Mixed Buzz') CX - Biscuits manufactured out of wheat received free & supplied to MCD under Programme of Nutritional Support of Primary Education are to be assessed based on transaction value u/s 4 and not u/s 4A - Appeals dismissed: CESTAT (See 'Breaking News') Trade is effective tool to reduce poverty: WTO (See 'Mixed Buzz') Popularity graph of Modi surpasses that of Obama & Abe: Harvard's Report ICSI honours Tata Steel for corporate governance GST Bill proposes 1% non-vatable additional tax on supply of goods in inter-state commerce (See 'Breaking News') CBDT signs APA bilateral with Japanese Company (See ‘Mixed Buzz’) ST - It is well established in law that measure of taxation does not determine nature of taxation - fact that royalty paid for providing technical services is determined on basis of Net Sales does not mean that engineering consultancy services was not provided: CESTAT (See 'Breaking News') Dual utilisation of SEZ non-processing area - Govt working on new policy (See ‘Mixed Buzz’) Towards GST - 122nd Constitutional Amendment Bill - An analysis (See 'ST se GST tak Column') Govt takes steps for development of knowledge-based industries (See ‘Mixed Buzz’) Whether condonation of 465 delay is allowed, when assessee has explained a reasonable cause for not filing appeal within period of limitation as there was an inadvertent mistake at office of Chartered Accountant (See '2014-TIOL-998') India-China Financial Forum resolves to strengthen ties (See ‘Mixed Buzz’) Transfer Pricing - India signs bilateral Advance Pricing Agreement with Japan for five years 14 New Judges take oath in Punjab & Haryana High Court Retail Sector in India to surpass USD one billion by 2020: PwC CBEC promotes R Venkataraman as Principal Commissioner + Transferred B K Kar from LTU to Audit (CX), Bangalore (See 'Pitara') Mid-Year Economic Analysis: Legacy of past expenditures weighing on Budget targets, says Chief Economic Advisor (See 'Mixed Buzz') GST Bill - Provisions relating to 'Declared Goods' deleted; allows additional tax of 1% non-vatable tax on inter-state trade for 2 yrs to compensate exporting state; to compensate revenue loss for 5 yrs; to keep petroleum products outside GST Net for some years FM tables GST Bill in Parliament Govt to allot Unique Labour Identification Number for transparency among workers (See 'Mixed Buzz') Gold raining in Hyderabad airport – Customs seizes nearly 2.5 kgs from 4 pax - Gold concealed in rectum, iron box and under seat Service Tax Liability on irrigation projects under WCS - Marathon hearing before CESTAT Larger Bench concludes at Bangalore - Order reserved (See 'Breaking News') Service Tax - Audit by CAG - Supreme Court Stays Delhi High Court Judgement in Travelite (See 'DDT') Transfer of Income tax case to Chandigarh - HP High Court grants relief to Chief Minister Virbhadra Singh & family TIOL proudly presents to you DDT 2500 - Every Day has been a learning experience (See 'DDT' Column) CX - Short payment of duty of Rs 6158 & duty demand of Rs 457 Cr by invoking rule 8(3A) of CER, 2002 - law does not care for trifles - Revenue interpretation may lead to position of chaos rather than harmony and certainty: CESTAT (See 'Breaking News') General Audit by Departmental Officers and CAG (See 'ST se GST tak' Column)
 
   
DDT (Daily Dose of Taxation)

GST - No State will lose a rupee of Revenue - FM

With VIJAY KUMAR

GST - No State will lose a rupee of Revenue - FM
Published: December 22, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 33 NT116 Cir 15-17
ADD
:
48 Inst: 08 SG: 03
EX
:
Not 25 NT 31 Cir 991
S.TAX
:
Not 23 Cir 181 Order
I-T
:
Not 81-79 Cir 17 Press Note
DGFT
:
Not 103 PN 78 Cir 14
RBI
:
Cir 49-51    
BREAKING NEWS

New Delhi, December 22
ST - Whether CESTAT can go into merits of order of Committee of Commrs or CCs granting approval to review order & if answer is in affirmative whether such decision should be treated as null and void if they have merely appended signatures to notes prepared by officers - matter goes to HC Larger Bench

New Delhi, December 22
Income tax - Whether Revenue can resort to reopening of assessment merely on ground that Customs had seized assessee's goods and levied penalty - NO: HC

Chennai, December 22
CX - Reversal of Credit on inputs lying in stock & contained in finished goods when such goods become exempt - Prior to 2007, there was no such need - LB decision in Ashok Iron to be preferred to decision in Albert David case: HC

Mumbai, December 22
ST - Sec 85 (3A) - Commrs(A) does not have authority to condone delay beyond 90 days, that being outer limit as per said law - Petition rejected: HC

New Delhi, December 21
CAG asks CBDT to debar CAs related to Director of Company from signing Audit Report

MIXED BUZZ
XCuSE Updates
XCuSE
PUZZLE TO DAZZLE
Punit Vedby PUNIT PAVAN VED CA

Allegation of assessee is that AO had not applied his mind on reasons recorded for reopening. He therefore wants to cross examine AO? Should it be allowed? If yes, how?

Published: December 08, 2014

Post Answer »
THE COB (WEB)
Has Union Cabinet really put GST Caravan on 'fire'!by SHAILENDRA KUMAR

Has Union Cabinet really put GST Caravan on 'fire'!
Published: December 18, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Let growth & jobs drive the changes in taxes & expenditure in 2015-16 Budgetby TIOL EDIT TEAM

Shift tax reforms from talk mode to action mode
Published: December 10, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Mrs Smriti Irani, Please Think Before Launching 'Think in India'

Mrs Smriti Irani, Please Think Before Launching 'Think in India'
Published: December 17, 2014

View previous ICE CUBEs »

GUEST COLUMN

Let's peep into Customs Museum at Goaby SUMIT DUTT MAJUMDER

Let's peep into Customs Museum at Goa
Published: December 22, 2014

View previous Guest Column(s);

ST se GST tak

Towards GST - 122nd Constitutional Amendment Bill - An analysisby PRITAM MAHURE

Towards GST - 122nd Constitutional Amendment Bill - An analysis
Published: December 20, 2014

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

 
TIOL Mobile App
TIOL SEARCH
 
TIOL Subscriptions
 All-In-One Package
 Indirect Tax Package
 Income Tax Package
<< More Packages>>
 
   
             
Income Tax Customs Excise Service Tax FEMA DGFT SEZ Misc Pitara Budget
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Instructions
  • Advance Ruling
  • Settlement
  • Other Case
  • Directorate of Income Tax (Systems)
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Safeguard Duty Notfn
  • Anti-dumping Notfn
  • Drawback Cases
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Excise Amendment
  • Clean Energy Cess Notfn
  • MISC Circulars
  • 37B Order
  • Commr.(A) Order
  • CESTAT
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Miscellaneous
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • 37B Order
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • RBI Circulars
  • Depository Scheme
  • Press Note
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • MISC
  • State Acts
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Policy
  • SC Cases
  • HC Cases
  • VAT Cases
  • Deputation Posts
  • Service News
  • The Insider
  • Transfer
  • Promotion
  • Recruitment Rules
  • Transfer Policy
  • Training Circulars
  • Service Cases
  • MISC
  • Pay Commission
  • Cadre Review
  • Budget Circular 2013-14
  • Union Budgets
  • Economic Surveys
  • Budget Speeches
  • Finance Acts
  • Finance Bill
  • TRU - D. O. Letter
  • A Taxindiaonline Website. Copyright © 2014 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension