News Update

India extends anti-dumping duty on Flax Fabrics till Nov 11, 2020Former President Pranab Mukherjee continues to be on ventilatorDGFT notifies exports of essential commodities to MaldivesCBIC Member S M Bhatnagar gets addl charge of Member, GSTPM favours ramping up testing in Bihar, WB, Telangana, UP & GujaratPM’s virtual meeting with CMs on COVID-19: CMs seeks financial aid from CentreGST - 'Toto' is classifiable under HSN 8703 as an electrically operated vehicle provided it is fitted with battery pack - Otherwise, it will be classifiable under HSN 8706 but not under HSN 8708: AARShifting of Unilever Headquarters - Netherlands Opposition GreenLeft Party proposes huge ‘Departure Tax’GST - Couplers, Knuckle, Locks, Toggle, Yoke etc. supplied to Indian Railways are classifiable under HSN 8607 (and not under HSN 7325) and attract GST @5%/12% (and not @18%): AARSushant case in SC - Bihar Govt counsel alleges non-cooperation from Mumbai Police; not even post-mortem report sharedIf PAN provision does not apply, higher TDS u/s 206AA shall also not apply; CBDT amends Rules and inserts new Form 49BAGST - Activity of assignment is service classifiable under 'Other miscellaneous service' (SAC 999792) and taxable @ 18%; tax paid on transfer fee is admissible as credit: AARITC under GST - Furthering interpretation to promote businessCX - Rule 8(3A) of CER - There is no bar in making use of accumulated Cenvat Credit in making payment of CE duty even during the default period: CESTATIndian products deserve fair access to other countries on reciprocal basis: GoyalCX - Rule 6 of CCR - There being no duty leviable on electricity, there is no question of Govt issuing any exemption notification, hence, same cannot be considered as exempt: CESTATTaiwan says China trying to turn it into next Hong KongST paid under RCM on import would be available as CENVAT credit, leading to revenue-neutral situation - hence charges of suppression of facts to evade tax cannot be levelled in such circumstances: CESTATRaksha Mantri launches modernization of facilities of Defence PSUsCX - s.4 of CEA - When inspection is done by third party on the request of buyer, such charges should not be included in the assessable value: CESTATInverted duty structure - Refund of Input services allowed (See 'THE INSIGHT' in - Completed assessments can be interfered with by AO while making assessment u/s 153A only on basis of some incriminating material unearthed during search & which was not produced during original assessment: ITATCBDT notifies Special Courts for Black Money cases in Maharashtra StateConsideration paid for purchase of property cannot be presumed based on unsubstantiated notings on loose paper seized during search operation: ITATCBIC issues fresh Instruction on disposal of confiscated goodsRe-assessment notice is sustainable where the Revenue receives fresh material to infer escapement of income chargeable to tax: ITATI-T - Provisions of Sec 50C cannot be invoked by disregarding actual market value of property on account of litigation involved in respect of property: ITATGovt notifies anti-dumping duty on black toner in powder formHong Kong media mughal Jimmy arrested under new Security lawAndaman Islands to be major port hub for international maritime trade: PMCustoms revises procedure for import of pets and live animalsAdvance Authorisation Scheme not available in case of export of gold medallions and coins



What's New (Others)

Income Tax Notification
Income Tax Circular
Customs Tariff Notification
Customs NT Notification
Customs Circular
Anti Dumping Notification
DGFT Notification
DGFT Public Notice

What's New (GST)

CGST Rule Notification


CGST Rate Notification
CGST Circular
IGST Rule Notification
IGST Rate Notification
UTGST Rate Notification
UGST Rule Notification
Cess Rate Notification