News Update

Comments invited on standards for hydrogen propelled vehiclesCOVID-19 - Recovery rate goes up to 63%COVID-19 - Death Toll - 1.37 lakh in US; 71K in Brazil; 45K in UK; 35K in Italy & Mexico; 28K in Spain & 22K in IndiaSingaporeans vote back into power ruling party led by Lee HsienRBI Governor says medium-term outlook for economy is very uncertainWTO Panel debates how to factor in COVID-19 impact in Aid for TradeCOVID-19 - Govt gives nod for Emergency Use to ItolizumabGST - Refund - Petitioner cannot be asked to wait endlessly for respondents to challenge order of Commissioner(A) - non-functioning of GST Appellate Tribunal not an excuse: HCNDPS - Mixing of contents of packages (in one lot) and then drawing representative samples is not permissible since such sample would cease to be representative sample of corresponding package: HCNDPS - Procedure adopted for drawing samples neither conforms to procedure prescribed u/s 52A of NDPS Act nor under Standing Orders: HCGovt issues advisory against fake websites inviting registrationAdditions framed u/s 68 are unsustainable if the AO does not specify the nature of amounts received by assessee & without examining credits in books of accounts: ITATSC allows sending summons through Whatsapp, email or any other digital modeAdditions framed on account of client code modification as alleged bogus contrived loss merits being sustained where assessee is unable to disprove the illicit nature of such transaction: ITATNew Show Cause Notice cannot be issued where proceedings initiated through previous SCN are pending & have not yet been disposed off: ITATMinister releases White Paper on steps for 'Make in India' Post COVI D-19Deduction u/s 80IA cannot be denied on sole grounds that separate P&L a/c and balance sheet were not produced: ITATCOVID-19 - Global tally soars to 1.26 Crore with 5.63 lakh deaths + Brazil goes beyond 18 lakhs + Indian tally rises to 8.23 lakh + Peru swells to 3.2 lakh + Mexico touches 3 lakh markCX - Fiscal laws are to be interpreted as they are, regardless of consequences - no refund of MODVAT credit can be sanctioned u/s 11B if assessee fails to utilise it on account of cessation of manufacture activity: CESTATCX - Clearances of two Pvt Ltd companies cannot be clubbed where both are separate entities, manufacture different products, have separate power connections & use different raw material & where creation of both units is known to the Revenue: CESTATBamboo to propel Atmanirbhar Bharat Abhiyan in N-E: MoSProcessing of returns with refund claims beyond time limits - CBDT grants relaxation in non-scrutiny casesST - Activity of provision & transfer of information & data processing, in relation to depository operations, is covered under scope of Banking & Financial services and is taxable as such: CESTATCus - Rejection of transaction value u/r 12 of Customs Valuation Rules 2007 is not tenable, if no reasons are recorded for not proceeding sequentally as per the Rules & no grounds are stated for rejecting contemporaneous value submitted by importer: CESTATGovt seeks inputs on draft bill to replace over 90 year old Lighthouse ActIndustrial Production shows signs of recovery in May monthMetro Rail invites applications for post of Director, Finance on deputation basisSouth Korea second most powerful person, Seoul Mayor, Park Won-soon found deadImport of cut flowers ONLY through Chennai port nowAnti-dumping duty on import of phenol extended till Jan, 2021Rewa solar project to cut emission equivalent to 15 lakh ton of CO2 per year
Untitled Document
TOP NEWS

Taxindiaonline.com
Comments invited on standards for hydrogen propelled vehicles
July 11, 2020
COVID-19 - Recovery rate goes up to 63%
July 11, 2020
WTO Panel debates how to factor in COVID-19 impact in Aid for Trade
July 11, 2020
COVID-19 - Govt gives nod for Emergency Use to Itolizumab
July 11, 2020
Govt issues advisory against fake websites inviting registration
July 11, 2020
Minister releases White Paper on steps for 'Make in India' Post COVI D-19
July 11, 2020
Bamboo to propel Atmanirbhar Bharat Abhiyan in N-E: MoS
July 11, 2020
Industrial Production shows signs of recovery in May month
July 10, 2020
COVID-19 - Recovery Rate further climbs up to 62.42%
July 10, 2020
Govt seeks inputs on draft bill to replace over 90 year old Lighthouse Act
July 10, 2020
Rewa solar project to cut emission equivalent to 15 lakh ton of CO2 per year
July 10, 2020
COVID-19 - Recovered cases 1.75 times more than number of Active cases
July 10, 2020
EESL signs pact with NOIDA authority to install EV charging units
July 10, 2020
India playing key role in global revival: PM
July 09, 2020
COVID-19: Recovery rate touches 61.53%; 2.6 lakh samples tested in 24 hours
July 09, 2020
151 Trains proposed to be run by Private operators to be in addition to existing no: Railways
July 09, 2020
Khadi masks now available online - cotton to silk
July 09, 2020
CBDT, SEBI sign MoU
July 08, 2020
Cabinet approves affordable rental housing for urban poor
July 08, 2020
Cabinet okays Scheme of financing facility under 'Agri Infra Fund'
July 08, 2020
Cabinet okays proposal to extend EPF contribution for another 3 months
July 08, 2020
COVID-19 - India has 315 recovery case vs 186 active cases per million
July 08, 2020
Govt to announce SoPs for resumption of film production: Javadekar
July 08, 2020
FM asks 23 CPSEs to further raise CAPEX to aid economy
July 08, 2020
GST - Hand Sanitisers - Misclassification - Alert issued
July 08, 2020
FinCom discusses health financing with World Bank
July 08, 2020
CBIC enhances testing capacity of Customs labs
July 07, 2020

COVID-19: Tests cross one crore milestone; Recovery rate rises 61%
July 07, 2020

Civil Services have assumed Pan-Indian character with representation from all States & UTs: MoS
July 07, 2020
MHA permits conduct of examinations by Universities & Institutions
July 07, 2020
NHAI to go for assessment audit & rank roads for quality
July 06, 2020
Unlocking of economy - 30% firms operating at 70% capacity utilisaion: Survey
July 06, 2020
COVID-19 impact on Start-ups - 12% down shutters; 70% adversely hurt
July 06, 2020
140 in race to develop vaccine for Coronavirus; COVAXIN gets official nod
July 06, 2020
Prof Raghavan favours use of CSR funds for R&D
July 06, 2020
Genetic risk score to be reliable tool in diagnosing type-1 diabetes in India
July 05, 2020
FPOs to be catalyst for rural economy: Tomar
July 05, 2020
Digital India AatmaNirbhar Bharat App Innovation Challenge launched
July 05, 2020
If GSTR-3B filed before Sept for July 2017- July 2020, max late fee to be waived
July 04, 2020
Jaipur Customs nabs 14 pax with 32 kg gold worth Rs 15.6 Crore
July 04, 2020

Power Sector - Import replacement a priority: Union Minister
July 04, 2020

Goyal lauds efforts of Exporters as June month shows recovery
July 04, 2020
HRD Minister announces fresh exam dates of NEET & JEE Mains & Advance
July 04, 2020
Bangalore CGST releases Manual on GST Refunds
July 03, 2020
CBDT releases refund of over Rs 62K Cr during lockdown
July 03, 2020
Govt invites public comments on All India Tourist Vehicles Permit Rules
July 03, 2020
HM hammers on more testing through Rapid Antigen in NCR
July 03, 2020
Govt provisions foodgrains for 8 Cr migrant labourers but final no turns out to be only 2.8 Cr
July 03, 2020
India going for defence shopping worth Rs 38900 Cr
July 03, 2020

COVID-19 - Recovery rate peaks to 60%
July 02, 2020

Nominations for Padma Awards-2021 invited till Sept 15th
July 02, 2020
Govt notifies standardised transport vehicles dimensions based on global norms
July 02, 2020

Digital transactions - Daily average soars from Rs 66 lakh in 2014 to 16.3 Cr in 2020
July 02, 2020

COVID-19 - Recovery rate touches 59.43%
July 02, 2020
GST Day - FM stresses on simplified tax administration
July 02, 2020
GST collections bounce back to about Rs 91000 Cr in June month
July 01, 2020

Govt plans to kickstart cashless treatment of motor accident victims
July 01, 2020

GST - DGGI books unregistered pan masala unit
July 01, 2020
Amendments in Stamp Act, 1899 relating to securities market come into force from today
July 01, 2020
GST - Misclassification of DGS - Distillers raided
July 01, 2020
Core Sector - Contraction rate decelerates in May
July 01, 2020
Tomar flags off helicopter services for locust control through aerial spray
July 01, 2020