News Update

A Tax on Walking, Reading... for the disabledAnti-Dumping duty on Fluoroelastomers (FKM) imported from China PR extended up to 27th November, 2020Vivad se Vishwas Scheme - CBDT extends due dates for filing declaration and making payments to Mar 31, 2021Export of NBR Gloves - Procedure for submission of applications explainedST - When credit was reversed without utilization, no interest can be recovered: CESTATSC favours sending summons through SMS, email & WhatsappCus - Supply to SEZ is be counted towards NFE - Since capital goods were supplied by appellant to SEZ unit duly approved by Development Commissioner, requirements of EXIM policy have been duly complied with: CESTATGoyal for long-term roadmap on reforming ailing global trading systemCX - Appellants are entitled for Cenvat credit in respect of inputs procured by themselves and used in manufacture of job work goods cleared under 214/86-CE: CESTATIndia Post & USPS sign pact for exchange of Customs Data related to postal shipmentsST - Services rendered to SEZ units - 9/2009-ST issued u/s 93 of FA, 1994 has no application as they are not ‘prescribed' under SEZ Act: CESTATAssessment completed after due date, on the basis of special audit conducted belatedly u/s 142(2A), is void ab initio: ITATAdmission fees paid to obtain membership of a stock exchange is treatable as capital asset: ITATUnexplained excess stock found during the course of the survey is to be treated to be part of book profits & taxable under head 'profits & gains of business or profession': ITATAnti-dumping duty on imports of FKM from China extended till Nov 27, 2020Bilateral Netting - A Step Towards A Vibrant Financial Sector (See '')Balance Euphoria over Corona Vaccine with Rationalism ShotsUS files appeal against WTO panel decision in favour of China in tariff war caseRevised E-way bill not uploaded on portal - goods and vehicle detained - same can be released on furnishing BG for the amount covered by the notice issued u/s 129(3): HCIncome Tax searches in NCR, huge accommodation entries detectedUnion Budget 21 - MoF seeks direct & indirect taxes related suggestions from Industry & TradeIndia moving towards gas-based economy: PMGovt extends facility of childcare leave to male employees
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