News Update

RBI alerts against misuse of banking channels for facilitating illegal forex tradingEC censures Jagan Reddy & Chandrababu Naidu for MCC violationsFrance tells Xi Jinping EU needs protection from China’s cheap importsUK military personnel’s data hackedOxygen valve malfunction delays launch of Boeing’s first crewed spacecraftPulitzer prize goes to Reuters & NYTDutch, Belgian students join Gaza sit-ins by US Univ studentsIndia-Ghana Joint Trade Committee meeting held in AccraGhana agrees to activate UPI links in 6 monthsGST - Record does not reflect that any opportunity was given to petitioner to clarify its reply or furnish further documents/details - In such scenario, proper officer could not have formed an opinion - Matter remitted: HCED seizes about 20 kg gold from locker of a cyber scammer in HaryanaGST - Mapping of PAN number with GST number - No fault of petitioner - Respondent authorities directed to activate GST number within two weeks: HCGST - Circular 183/2022 - Petitioner to prove his case that he had received the supply and paid the tax to the supplier/dealer - Matter remitted: HCGST -Petitioner to produce all documents as required under summons -Petitioner to be heard by respondent and a decision to be taken, first on the preliminary issue raised with regard to applicability of CGST/SGST: HCGST - s.73 - Extension of time limit for issuance of order - Notifications 13/2022-CT and 09/2023-CT are not ultra vires s.168A of the Act, 2017: HCRequisite Checks for Appeals - RespondentInheritance Tax row - A golden opportunity to end 32-years long Policy Paralysis on DTCThe Heat is on: Preserving Earth's Climate in the Face of Global WarmingVAT - Timeline for frefund must be followed mandatorily while recovering dues under Delhi VAT Act: SCIndia, Australia to work closely for collaborative projects
 
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Chandigarh, August 13, 2015
I-T - Whether sales tax rebate can be said to be part of profit and gain derived from business entitled for Sec 80IC benefits - NO: HC
 
Mumbai, August 13, 2015
ST - Airport service - Advances received for services to be provided after 01/05/2006 from which date service became taxable - as no exemption was provided, tax liability arises, however, demand is blatantly hit by limitation: CESTAT
 
Mumbai, August 13, 2015
CX - There is nothing in CCR that before moving to rule 6(2) manufacturer is required to reverse credit of inputs available in its stores, WIP and finished goods on that date - demand of amount u/r 6(3)(b) till date when assessee reversed credit does not sustain: CESTAT
 
Paris, August 12, 2015
Many tax jurisdictions spending 25% of total budgets on IT; also expanding electronic matching of bulk VAT invoices: OECD
 
Mumbai, August 12, 2015
ST - Having complied with Tribunal's order & granted refund of tax, withholding interest claim on possible realisation that if this is also awarded & paid, case before SC would be rendered infructuous cannot be legal position: HC
 
Bangalore, August 12, 2015
Service Tax - Microfinance loan assigned to bank with higher rate of interest - prima facie amounts to taxable service: CESTAT
 
New Delhi, August 12, 2015
I-T - Whether when expenditure in past was allowed as revenue in nature, merely because equipments were described as most important for tyre manufacturing plant, such expenditure is to be treated as capital in nature - NO: HC
 
New Delhi, August 12, 2015
CX - Not 50/2003 - Only when commissioning process is completed that plant is in position to start production - Adjudicating Authority must examine Member Secretary, H.P., who had certified that unit had commenced production on 31/03/2010 - Matter remanded: CESTAT
 
Mumbai, August 11, 2015
Cus - Committee passes Review order beyond period of three months from date of receipt of o-in-o - Tribunal is not empowered to condone delay in passing of review order - in absence of a 'legal review order' under s.129D(3) of CA, 1962, appeal is time barred: CESTAT
 
Ahmedabad, August 11, 2015
CX - There has to be illicit manufacture of goods to indulge in clandestine removal for which extra raw material, transportation of finished goods, cash payments are required to be established with a reasonable degree - Demand set aside: CESTAT
 
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