News Update

CBDT notifies depreciation rates on WDV for motor cars and motor buses and taxis as block of assetsGovt appoints 28 Judicial and Technical Members of National Company Law TribunalMadras High Court CJ V K Tahilramani's resignation acceptedGST Council extends benefits to services sector in mega wayGST Council clarifies on taxability of certain goods; exemption also granted to manyGST Council extends last date for filing appeals against GST Appellate TribunalHM launches 'E-Beat Book' & 'E-Saathi' App to build SMART Police forceGST - Members of Indian Legal Service ineligible for consideration for appointment as Judicial Members in GSTAT; Section 110(1)(b)(iii) of CGST Act quashed: HCEC decides to hold Assembly Polls for Maharashtra & Haryana on Oct 21; Results on Oct 24GST - Composition of GSTAT to include two Technical Members, who possess little experience in law, against one Judicial Member would create reasonable apprehension of bias in minds of assessee; Sections 109(3) & 109(9) of CGST Act struck down: HCPreferential Certificate of Origin - Online platform goes live for registrationCBIC issues detailed guidelines for transfer of confiscated drones & UAVs to eligible Govt agenciesAccumulation of huge funds cannot form sole basis for denial of registration u/s 12A to a trust: HCCBDT modifies jurisdiction of 25 PCIT & CIT-rank officersFailure to prove source of cash deposits as well as genuineness of transactions merits addition as unexplained cash credit u/s 68: HCTrust carrying out both charitable as well as religious activity cannot be denied registration u/s 12AA by invoking Sec 11(1)(a): HCGST - Even God himself did not pass sentence upon Adam before he was called upon to make his defense - Natural justice is another name for common-sense justice: HCCST - In case of a conflict, the FTP provisions should prevail vis-à-vis the appendix in Handbook of Procedures, which are nothing but a subordinate legislation: HCCus - An element of mens rea, or any direct or indirect involvement attributable to the CHA through active knowledge or connivance is required to be proved in a proceeding for revocation of license: HCCST - Appendix or the Handbook of Procedures cannot override the FTP provisions: HCST - A person can be aggrieved or not aggrieved, there cannot be a concept of protective appeal: CESTATST - Refund claim rejected on ground that burden passed to recipient - however, in subsequent proceedings, in respect of same amounts, Commissioner(A) holding contrary and refund paid - Chief Commissioner to investigate: CESTATST - Exemption notification 20/2009-ST read with Corrigendum dated 30.08.2009 has been given retrospective effect from 01.04.2000 by Finance Act, 2011 - artificial distinction by Commissioner is contrary to express intention of s.75 of FA, 2011: CESTATIt is not neccesary for writ courts to delve into merits of matter, if statutory appeal remedy is not exhausted: HCIndia receives first of 36 Rafaela Jets from FranceGST - ITC to be restricted if outward supplies details not filed + New Return Format to be put in place from April 1, 2020 + Circular 105/2019 rescinded + Single Refund Authority to function from Sept 24 + Fake invoices - New provisions to be put in place to curb ITC utilisation by risky and new assesseesGST - Rate changes and clarifications to come into force from Oct 1, 2019 + Committee to be set up to simplify GSTR-9; GSTR-9A waiver grantedBook authors get option to pay GST on royalty on forward charge basis + Liquor licence to be treated as 'no supply' + Passengers development fee & user fee by airport operators to be taxedGST rate on job work in relation to diamond reduced to 1.5% + 12% rate for machine-based job work and 18% on job work for bus body buildingGST Council decides to reduct tax rate on hotel accommodation tariff - NIL rate for Rs 1000/- per day + 12% rate for between Rs 1001 to Rs 2000/- and 18% for above Rs 7500/- per day tariff + 5% rate on outdoor catering service without ITCTax on fish meal - Exemption granted from July 2017 to Sept 30, 2019GST Council's 37th meeting decides to reduce tax rates on items like marine fuel, cut & polished stones; IGST Exemption to certain imports by Defence & International Football tournamentJewellery exports - Diamond India gets IGST exemption for import of raw materialsGST rates hiked from 5% to 12% on goods falling under Chapter 86 to neutralise accumulated ITC + Caffeinated Beverages from 12% to 28%GST - Aerated drinks exempted from composition scheme but to attract 18% rate + Solar items to attract 5% tax rate + Almond milk to attract 18% rate
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TOP NEWS

Taxindiaonline.com
GST Council extends benefits to services sector in mega way
September 21, 2019
GST Council clarifies on taxability of certain goods; exemption also granted to many
September 21, 2019
GST Council extends last date for filing appeals against GST Appellate Tribunal
September 21, 2019
HM launches 'E-Beat Book' & 'E-Saathi' App to build SMART Police force
September 21, 2019
Now, no need to carry original driving licence; E-papers are valid
September 20, 2019

Registration of Industrial Undertaking - Govt substitutes the word Dept of Industrial development by Dept for Promotion of Industry
September 20, 2019

IGI Airport Customs seizes 370 heroin pills from Afghan pax in rectum case
September 20, 2019
Corporate tax - Govt creates two new slabs of 22% & 15% through Ordinance
September 20, 2019
Banks make efforts to shore up credit; FM reviews performance
September 20, 2019

Pradhan urges Steel industry to revamp strategy amidst rising energy needs
September 19, 2019

India eyes boosting synergy with Belgium & Luxembourg in energy & aerospace
September 19, 2019

NHAI to adopt PPP model for National Highway projects
September 19, 2019

Fin Com team to meet with local bodies in Sikkim
September 19, 2019

Goyal urges industry to create brand value for Make in India products
September 19, 2019
Migration flows to OECD countries up by 2% in 2018
September 18, 2019

Puri calls for shift to energy-efficient construction technologies
September 18, 2019

Biotech industry to grow to USD 100 bn by 2024-25: Gowda
September 18, 2019
WTO members review three Regional Trade Agreements
September 18, 2019
APEDA organises Multi-Product Road Show in Jakarta
September 17, 2019

J&K residents can locally file RTI applications: MoS
September 17, 2019

e-Platform launched for issuance of Certificates of Origin to facilitate exports
September 17, 2019
Govt accommodation - Amended provisions for eviction come into effect
September 17, 2019
Steel Import Monitoring System introduced for potent policy making
September 16, 2019
ECGC inflates Bank's insurance cover for Working Capital Loans
September 16, 2019
Maldivian Civil Servants to be trained on Mussoorie campus
September 16, 2019
40 Under 40 - Tax Lawyer bags prestigious award
September 16, 2019
GST - Drive against fraudulent refund continues; More arrests made
September 15, 2019
Govt unfolds package to boost exports; To organise mega shopping festivals in India
September 15, 2019
Exports register 3.2% growth in Aug month
September 14, 2019
FinCom Advisory Council discusses GST related issues
September 14, 2019
ESI beneficiaries to get medical care under Ayushman Bharat package
September 14, 2019
Prasad to meet CEOs of Electronics Industry
September 14, 2019
Javadekar calls for synergy between all three Rio Conventions
September 14, 2019
Railways makes Humsafar class more pax-friendly
September 13, 2019
Railways, CII sign MoU to facilitate green initiatives
September 13, 2019
Board of Trade discusses IGST refund problem and sunset clause of SEZs
September 13, 2019
DRI seizes foreign cigarettes worth Rs 2.7 Cr
September 13, 2019
India boards Global Antimicrobial Resistance Research Hub as new Member
September 13, 2019
IGST refund fraud - DGGI & DRI launch nationwide crackdown with 1200 officers
September 12, 2019
Govt to take steps expand export base
September 12, 2019
PM kickstarts New pension scheme for traders
September 12, 2019|
Govt to use non-tariff measures to balance domestic industry's interests
September 12, 2019
PM's gifts on display; to be e-auctioned for Namami Gange project
September 12, 2019

VAT - Saudi Arabia has done well but ...: IMF
September 11, 2019

GeM, Punjab Govt sign MoU for setting up Project Management Unit
September 11, 2019
India received 37% FDI from ASEAN in 2018
September 11, 2019
Global energy consumption to shift to Asia: Pradhan
September 11, 2019
New Terminal under Jal Marg Vikas Scheme to be launched in Jharkhand
September 10, 2019
India, China Strategic Economic Dialogue concludes in New Delhi
September 10, 2019
Minister discusses alternative to single use plastic with industry
September 10, 2019
Rashtrapati Bhawan announces Visitor's Awards
September 10, 2019

India Post Payments Bank reaches one Cr customers
September 09, 2019

Indian pavilion inaugurated at Thessaloniki International Fair in Greece
September 09, 2019
RCEP Meet - Ministers resolve to conclude talks
September 09, 2019
FinCom meets Rajasthan economists; may incentivise water use efficiency
September 09, 2019
Toronto Fest - India talks about 'Ease of Filming in India'
September 08, 2019

First Mega Park in Telangana inaugurated
September 07, 2019

Indian movies set new benchmark globally: Ambassador
September 07, 2019

Government keen on Rs.100 lakh crore pipeline project
September 07, 2019

Lets Marathon from Kargil to Kohima
September 07, 2019

India, China to talk in September
September 07, 2019

Ujjwala connects with eith crore households
September 07, 2019

COP14 reflects on importance of organic agriculture to combat land degradation
September 07, 2019
Commerce Minister to attend 7th RCEP symposium in Bangkok
September 06, 2019
FinMin reviews CPSEs capital expenditure plan
September 06, 2019
Delay in payments to MSMEs to be dealt with firmly: Gadkari
September 06, 2019
Institutions of Eminence Scheme - Govt issues Letters of Intent to 5 Private Univs
September 06, 2019
New tech to enable CBI to combat cyber crime: Jitendra Singh
September 05, 2019
IGST Refund - Vizag Customs launches drive
September 05, 2019

Food Ministry urges bringing APEDA & MPEDA under its fold
September 04, 2019

Fin Com panel heads to Rajasthan
September 04, 2019
Paswan urges States to buy onions, pulses from Central Buffer to curb rising prices
September 04, 2019
Light House Projects - Govt receives 43 proposals from 19 Agencies
September 04, 2019
Cabinet approves infusion of Rs 4557 Cr fund in IDBI Bank
September 03, 2019
Cabinet okays revising price of Ethanol supplied to OMCs
September 03, 2019
Tallest Air Traffic Control Tower inaugurated at IGI Airport
September 03, 2019

CBDT consolidates Circulars for ease of compliance of Start-ups
September 02, 2019

Committee on Fintech submits Report to FM
September 02, 2019
ECI to host World Election Bodies Summit at Bangalore
September 02, 2019
Close to 50 lakh ITRs filed on last day of e-filing - History made
September 02, 2019
GST mop-up in Aug month sustains July trend
September 01, 2019
Qutub Minar gets LED illuminated
September 01, 2019
Avoidable negativity being attached to present growth rate: Debroy
September 01, 2019