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Cus - Export of non-basmati rice - Notification 20/2023 insofar as it denies the benefit of the transitional arrangement as contained in para-1.05 of the FTP 2023, is bad in law: HCCus - Refund of SAD - 102/2007-Cus - Areca Nut and Supari are one and the same - Objections with regard to name, nature and status of importer or buyers or the end use of goods purchased by them etc. are extraneous: HCCX - Interest on Refund - Since wrong order annexed by petitioner in paper book, Bench is unable to proceed further - Petition is dismissed with liberty to file a fresh one: HCGST - No E-way bill - When petitioner imports machinery and after Customs clearance, transports same to his own factory, it cannot be said that such a transportation would fall within the definition of term 'supply' - Penalty imposable under second limb of s.129(1)(a): HCGST - Fix responsibility on officers who allowed BG to lapse - Petitioner not justified in not renewing BG - Cost of Rs.15 lacs imposed, to be paid to PM Cares Fund: HCGST - Since the parties agree that petition can be disposed of on the basis of records available before Appellate Authority, petitioner is directed to enclose all documents filed before Appellate Authority in a compilation, in form of a paper book: HCWrong RoadST - Whether any service is used for personal consumption or not is certainly question of fact and being question of fact, no substantial question of law arises: HCGovt proposes to amend Geographical Indication of Goods Rules; Draft issued for feedbackST - If what has been paid as tax is without authority of law, Revenue should refund the same - Denial of credit would result in the whole exercise being tax neutral: HCWarehousing Authority notifies several agri goods to be stored in only registered warehousesST - Even if the petitioner may have a case on merits, it is best left to be decided by the Appellate Authority under the hierarchy prescribed under the FA, 1994: HCUS FDA okays Eli Lilly Alzheimer’s drugGST - Petitioner challenges jurisdiction of assessing officer - Petitioner is entitled to file an appeal u/s 107 by availing an alternate efficacious remedy: HCFive from Telangana killed in car accident on Pune-Solapur HighwayGST - Existence of an alternative remedy is a material consideration but not a bar to the exercise of jurisdiction: HCHush money case against Donald Trump - Sentencing deferred to Sept 18GST - It is open to a trader to take goods by whichever route he opts, unless the law otherwise requires, destination point being intact: HCDeadly hurricane Beryl smashes properties in JamaicaGST - Conclusion that taxable person is providing a service to supplier while taking the benefit of a discount by facilitating an increase in the volume of sales of such supplier is ex facie erroneous and contrary to the fundamental tenets of GST law: HCIsrael claims 900 militants killed in Rafah since May monthGST - Order expressly records that personal hearing notice was returned with endorsement 'no such person at address' - Since petitioner has shifted to a new premises, it is just and necessary to provide an opportunity to contest demand: HC116 die in stampede at UP ’Satsang’I-T- Application for revision of order dismissed in limine on grounds of delay; case remanded for re-consideration: HCWe are deepening economic ties with India, says US officialI-T- As per Section 119(2)(b), power to condone applications relate to claims for amount exceeding Rs 50 lakhs are to be considered by CBDT; however it is impermissible for CBDT to pass order on merits: HC8 Dutch engineers build world’s longest bicycle - 180 feet, 11 inchesI-T- Additions framed u/s 68 for unexplained income & u/s 69 for unexplained expenditure not tenable where complete transactional details are furnished & not doubted: HCRailways earns Rs 14798 Crore from Freight loading in June monthI-T- Delay in filing ITR is per se insufficient reason to estimate assessee's profit @15% on turnover, more so where audited financial report is filed in timely manner: ITATMoD inks MoU to set up testing facilities in Unmanned Aerial System in TN Defence Industrial CorridorI-T- For invoking section 69A, assessee should be found to be owner of any money, bullion, jewellery or other valuable article & which is not recorded in the books of account: ITATGovt proposes Guidelines for ethical approach to Coal MiningI-T- TDS credit can be allowed based on AIS, where details pertaining to TDS, advance tax & other payments are reflected in Form 26AS: ITATVaishnaw to inaugurate Global IndiaAI Summit 2024I-T- Lending money with the primary intention of earning interest can be considered a business activity, but nature and manner of lending, as well as the frequency, should be taken into account: ITAT
 
GST Council shifts focus on anti-evasion measures; Tax rates reduced on 29 goods & 53 Services

By TIOL News Service

NEW DELHI, JAN 18, 2018: ALTHOUGH it was a day-long fatigue-causing deliberation for the GST Council Members but a major chunk of time was consumed by the various presentations made by different Committee members, including Infosys chief Nandan Nilekani. Mr Nilekani made a detailed presentation in simplification of the GST return. Though nothing was decided by the Council but broad consensus was achieved in terms of continuing the present GSTR-3B and uploading of sale invoices. In his press briefing the Union Finance Minister, Mr Arun Jaitley, hinted that if the invoice-matching objective is achieved by such uploading, there would be changes in the business processes in the coming months.

On the tariff front, Mr Jaitley said that various Committees like the Sarna Committee on the Handicrafts items and other recommendations of the Fitment Committee, the Council decided to reduce the tax rate from 28 % on 29 goods and 53 Services. He admitted that although it may marginally impact the revenue collections but it would help certain sectors which employ a large number of persons. The new tax rates would be applicable from Jan 25, 2018. This means all the relevant Notifications would be issued before this.

For the first time Mr Jaitley expressed disappointment with the Composition Scheme taxpayers (about 17 lakh registered paid only about Rs 307 Crore) and the Council received several legislative changes to tighten the screw on such taxpayers. And one of the changes might be the extension of Section 9(4) of the CGST Act to such taxpayers. However, all such amendments would be discussed by the Council at its next meeting through video conferencing.

To overcome the dip in the revenue collections, since huge amount of money is parked in the IGST head, it was decided today that out of the total sum, about Rs 35000 Crore would provisionally be divided between the Centre and the States and a final view may be taken later.

To further address the issue of a dip in the revenue mop-up the FM said that the emphasis so far has been on voluntary compliance with no anti-evasion measure. But now, with the introduction of e-Way Bill, anti-evasion apparatus is being put in place. As many as 15 States today confirmed that they would be making e-Way Bill mandatory for even Intra-State movement of goods from Feb 1, 2018.

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