News Update

GST Council’s Jaisalmer meeting - Consensus eludes on insurance issue; referred back to GoM + 18% tariff on second-hand EVsBombay HC fines Lalit Modi Rs one lakh for filing frivolous petitionLG grants permission to ED to prosecute Kejriwal in excise scam caseI-T- AO's addition must be sustained in cases where assesse has not been able to satisfactorily establish its case through demonstrative evidence : ITATPollution-free environment is constitutional right, rules Bombay HCOver 1300 manufacturing units established under PLI SchemeQuake of 4.8 magnitude rocks NepalI-T- Assessee entitled to take up plea of addition of peak credit which only need to be treated as income of assessee: ITATSaudi Arabian driver rams through bustling Christmas market in Germany - 2 dead & 60 injured37 Cr RuPay cards issued to PMJDY account holdersTrump warns EU of tariffs over oil & gas importsI-T- AO had no jurisdiction to make additions in assessment order u/s 153A, when no incriminating materials were seized in course of search action u/s 132: ITATVolkswagen inks union deal to trim 35K German jobsCabinet okays MSP for Copra for 2025 seasonTrudeau’s key ally vows to vote against him in non-confidence motionST - Transfer of right to use brewery license also included ability to operate brewery without interference/limitation, free of charge/encumbrance or third-party rights - such transaction is Deemed Sale under Article 366(29A)(d); no Service Tax leviable thereon: CESTATEgypt finds 13 mummies with gold tongue & fake nailsIntegration of industry with Govt digital platforms to improve logistics sector: GoyalGOP Lawmakers want Elon Musk to be Speaker of HouseST - Appellants have received commission for rendering services to their foreign principals by booking orders in India for their goods - Services rendered have been 'exported' - Tax demand cannot survive: CESTATCCI okays UltraTech Cement’s takeover of India CementsIndiaAI Mission calls for proposals to drive Ethical InnovationHaryana announces 3-day state mourning over Om Prakash Chautala’s deathCus - Where exporter has received export proceeds only for net quantity shown in their invoices, then value for export duty has to be taken as per transaction value only: 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