News Update

GST - Cancellation of registration - Petitioner is not entirely blameless - They neither filed a reply nor attended personal hearing - Order visits petitioner with serious civil consequences, therefore, matter remanded subject to petitioner paying costs of Rs.50 thousand: HCGST - Alleged Issuance of fake invoices for ITC availment - No conclusion by department that firms are not in existence - Quantum of ITC not yet arrived at - Petitioner has already suffered custody of more than seven months - Bail granted: HCGST - Enhancement of GST rates - Respondent No.2 which is a Government Entity is directed to pay the difference of GST amount to petitioner @ 6% from 01.01.2022 to 30.09.2022 within a period of three months: HCTN General Sales Tax - it is onus of dealer to prove that transaction qualifies for second sale exemption, especially when purchase records are found to be fictitious: HCTamil Nadu General Sales Tax - as per settled position in law, pawnbrokers selling unredeemed goods are liable for sales tax, as such sale is incidental to their business: HCLost in LitigationIndia signs Final Act of Riyadh Design Law TreatyPAN 2.0 Project focuses on eco-friendly, paperless processesDPIIT policy is to up India's global share in USD 300 bn global gaming marketGovt takes steps to reduce pendency of cases before Labour CourtsHP Govt not to permit liquor & gutka ads on state busesGovt notifies GST Tribunal State Benches; Varanasi to substitute Prayagraj & Chandigarh to replace JalandharTotalEnergies puts Adani Green investments in abeyanceI-T - If assessee never received any benefit or enjoyed money that it has received as advance, then no benefit was derived out of said transactions, and Sec 41(1) r/w/s 28(iv) is not applicable: HCDenmark passes climate tax on livestock for burps and fartsI-T - If assessee has discharged burden of proving source of cash/SBN deposited in bank and AO has failed to rebut same, no addition is permitted u/s 69A: ITATIndia to implement solar projects in Fiji, Madagascar & Seychelles through ISAI-T - If assessee has submitted detailed documents to support her claim of genuineness & creditworthiness of lenders, then no addition is permitted on account of unexplained loan u/s 68: ITATPoland backs Paris to strangulate Mercosur trade dealI-T - Re-assessment not tenable where commenced without due application of mind by the AO, as no clear case of failure to make full & true disclosure of material facts is made out: ITATMacron, Biden cork ceasefire deal between Israel and LebanonCus - Whether imported goods are other petroleum items or Naphta, where latter attracts higher tax rate - Department's reliance on test reports is not tenable as prescribed test is not followed & importer's request for cross examination of experts is disallowed: CESTATUS Court drops classified documents case against TrumpST - For provision of output service, appellants had got the value of taxable service in convertible foreign exchange, services provided by appellants can be considered as ‘export' and as such, benefit provided under Rule 5 of Rules, 1994 should be available to them: CESTATSamsung Electronics goes for top management shake-upST - Customer care services are rightly classifiable under Business Auxiliary Service: CESTATHK court favours inheritance rights to same sex couplesST - Extended period of limitation to be invoked if there is evidence of fraud, collusion, willful mis-statement, suppression of facts, or contravention of provisions aimed at evading Service Tax: CESTATCentre okays Rs 1100 Cr budget for disaster mitigation in StatesST - As is trite law, it is the responsibility of the Department to identify discrepancies during audits & issue show cause notices promptly: CESTATSC says NO to petition seeking paper ballotsST - As per settled law, if Department already possesses knowledge of relevant facts, it cannot claim that assessee suppressed or mis-declared information with intent to evade duty: CESTATNepal says PM Oli not to ink BRI pact on visit to BeijingCX - As settled in assessee's own case, it is not liable to pay Sugar Cess on export of Sugar as per Notfn No. 42/2001-CE(NT) dated 26.06.2001: CESTAT
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Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy