News Update

Railways to now make GST payment on forward charge basisCOP28: 22 countries pledge to triple N-energy capacity by 2050 + America to shut down all coal-fired power plants by 2035Winter Session to take up 19 Bills in 15 sittings spread over 19 daysFlooding & landslides kill 47 in TanzaniaTime to define 'Bio-vision' for Bharat, says Dr Jitendra Singh11 climbers killed as volcano goes live in IndonesiaIndia joins Executive Panel of Codex Alimentarius CommissionAlaska Airlines buys out Hawaiian Airlines for USD 1.9 bnEconomic nationalism cannot be compromised for fiscal gain, cautions VPBJP wins in 3 States - MP, Rajasthan & Chattisgarh; Congress captures TelanganaI-T- As per settled position in law, an individual seeking to invoke the equitable jurisdiction of a High Court must approach this Court displaying bona fide : HCCyclone Michaung heading towards TN coast; to make landfall in API-T-Employees' contribution to PF & ESI is rightly disallowed where PF & ESI are deposited after due date prescribed under respective Acts, in light of Apex Court's verdict in Checkmate Services Pvt Ltd: ITATPhilippines withdraws tsunami alert after quake of 7.4 magnitude scares south of countryI-T-Intent of legislature to enact proviso to section 153C(1) of the Act is to compute the six-year period, in respect of which re turns are required to be filed by third- party u/s 153C of the Act : ITATDeath toll in Gaza crosses 15,000GST - AAR order suffers from the vice of arbitrariness inasmuch as it has taken into account aspects/factors which are irrelevant - Exemption in terms of S.No.54(e) of 12/2017-CTR available for wheat imported for conversion into maida , atta, sooji etc.: HCEiffel Tower tourists attacked; One dead & 2 injuredCus - Canon case - No jurisdiction with DRI to issue SCNs, therefore, order on such notices would be rendered illegal - Review proceedings pending before SC - Adjudication stayed: HCCOP28: Saudi Arabia joins other oil companies to whipsaw methaneCus - Assessee is eligible for refund of SAD even though there is no endorsement in invoices as per Notification No.102/2007-Cus: CESTATUS, Israel warn of cyber attacks against industries by Iran-backed hackersST - No interest accrues on unutilised Cenvat credit - As per Rule 5 of CCR 2004, procedure for filing refund claims for unutilised Cenvat credit in case of export of service, enables Assessee to take back credit of un-sanctioned or partly-sanctioned refunds: CESTAT
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TIOL Tax Congress 2023 - Technical Session on 'Taxation of New Age Digital Industry'

Technical Session 5 of TIOL Tax Congress 2023: GST – Second-Generation Reforms, including Technology.

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.