News Update

Punchhi Commission: Inter-State Council finalises 118 recommendations (See 'TOG News' in Taxongo.com)Delhi DRI nabs Chinese female pax with USD 3 lakhs worth Rs 1.95 Cr just before boarding flight for Hong Kong; Money suspected to be sale proceeds of smuggled goldBombay Municipal Corporation renames Wadala Customs Enclave after legendary Customs officer Daya ShankarI-T - Substantial improvement brought in existing business, by incurring renovation expenditure of more than 50% of existing book value of machinery, is enough for claiming benefit u/s 80IA: Kerela HC15 backward districts identified; Prabhari officers of Addl Secretary-rank nominatedNational Law Day to be celebrated todayHM to chair Standing Committee of Inter-State Council meeting todayGovt notifies fixed prices exclusive of GST for six drugs including Japanese Encephalitis vaccine + Surfactant + Measles vaccineGovt notifies recruitment rules for post of Principal Private Secretary in EPFOI-T - Advance deposit of Central Excise Duty through PLA constitutes ACTUAL payment of duty within meaning of Sec 43B: Supreme CourtGovt appoints MCA Secretary Injeti Srinivas as part time Member of SEBI (See 'http://tiolcorplaws.com')Gold Bond - Rs 50 discount per gram to continue at next subscription period between Nov 27 to 29Over 175 killed as terrorists open fire at Friday's prayer meeting at a mosque in EgyptIGST is to be levied on transfer of goods kept in Customs warehouse, clarifies CBEC4 killed & 11 injured in Vasco Da Gama-Patna derailment in UP1992 batch IPS officer Rupin Sharma appointed as DGP of NagalandWinter Session to discuss amendments in IBC, Indian Forest & GST Compensation BillsEPFO Board approves report on investment in equity & IT-enabled initiatiavesPMAY - About 31 lakh houses sanctioned So Far: PuriPMLA - Section 45 - Grant of bail depending upon a circumstance, which have nothing to do with offence of money laundering, violate both Articles 14 and 21 of Constitution: SCHC terms PIL seeking stay on release of 'Padmavati' as misconceivedI-T - Department should not deny waiver of interest claimed u/s 220(2A), merely because they have discharged statutory obligation of interest u/s 244(1A): HCAll smart phones to have GPS and panic button from Jan 1, 2018Tax-to-GDP ratio up for many OECD Members; Revenue from goods & services falls but personal income tax goes upTreading GST Path - XXXVIII - Inventory Write offCus - SCN was to finalise assessment only without any proposal to levy anti-dumping duty, therefore, order imposing ADD is without any basis: CESTAT
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