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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Mumbai, July 27, 2015
I-T - Whether if during search in assessee's premises, a locker key of another assessee is seized, market value of jewellery stored in such locker is to be added in income of searched assessee as deemed income - YES: HC
 
Bangalore, July 27, 2015
CENVAT Credit on outward transport after 01.04.2008 - Credit is admissible in case of FOR destination sale - Amendment to CCRs, 2004 with effect from 01.04.2008 does not alter admissibility - HC sets aside order of Tribunal
 
Geneva, July 26, 2015
WTO expresses concern over growing list of trade-restrictive measures
 
New Delhi, July 26, 2015
Cruise Shipping Policy gives major boost to Cruise Tourism
 
New Delhi, July 25, 2015
SEBI detection of money laundering through scrips a follow-up action of SIT recommendations
 
New Delhi, July 25, 2015
Mauritius, Singapore continue to be routes for more than 50% of FDI inflows in India
 
Geneva, July 24, 2015
WTO Members cork historic USD 1.3 trillion information technology trade deal
 
Mumbai, July 24, 2015
Cus - HC expresses anguish - Quashes SCN lying un-adjudicated for 17 years - Petitioner can apply for refund of Rs 2 Cr, deposited under protest in 1996, with interest - Secretary in MoF to initiate proceedings so that all guilty of causing loss to public exchequer are brought to book: HC
 
Chennai, July 24, 2015
Cus - Non-implementation of orders of HC - Exemplary cost of Rs 1,00,000 imposed on department - HC grants liberty to recover it from officers responsible
 
Mumbai, July 24, 2015
ST - Interpretation of Revenue that there is no manufacture involved as defined u/s 2(f) and, therefore, ST is payable under BAS is totally incorrect inasmuch as medicines containing alcohol are 'manufactured' by appellants as per provisions of Drugs and Cosmetics Act: CESTAT
 
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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


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