News Update

GST - Profiteering - While the petitioner wants to pay, the State CWFs are neither operational nor functional - Strange : HCJoe Biden promises Commission to recommend changes to Supreme CourtGST - Anti-Profiteering - Directions of NAA to undertake further investigation with regard to other projects, notice and summons issued by respondent stayed: HCBihar Polls - BJP manifesto promises 19 lakh jobs + free-vaccination for COVID-19 + lentils under MSPCus - Notification prohibiting export was uploaded digitally on 14.09.2020 at 22:28:11 hours - Export of onions in respect of shipping bills which were presented and generated prior to this date/time shall be allowed: HCBihar CM Sushil Modi tests positive for CoronavirusCus - When the Court is in session of a matter, an administrative or executive authority cannot start parallel proceeding on very same subject matter at its own ipse dixit and record finding: HCSutherland 'take two' and the Transition of Cess (See 'TOG Insight' in Taxongo.com)Govt to go for graded relaxation in visa and travel restrictionsTax Returns & Politicians - They necessarily make quaint & strange bedfellows!Amendment to Rule 142(1A) is anti-taxpayerCBIC grants Customs & Excise duty exemption to goods imported against duty credit scrip under RoSLVAT - Orders directing recovery of duty from an assessee are unsustainable, where they are non speaking orders & contravene the principles of natural justice: HCCus - CBLR - It is established principle of law that mere facilitation without knowledge of consequences, would not amount to abetting an offence: CESTATIFSCA prescribes regulatory framework for REITs and InvITs in IFSCCX - Only for reason that M/s Vedanta paid duty amount much prior to issue of SCN & without contesting went for settlement, no adverse inference can be drawn so as to deny CENVAT availed by their consignee on supplementary invoices: CESTATGlobal trade to shrink by 9%, says UNCTADST - Insurance service provided to banks by Deposit Insurance Corporation, qualifies as input service - CENVAT credit can be availed of service tax paid by banks for such service provided to them in course of rendering output services: CESTAT
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