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12 Unicorns, over 125 startups commit to onboarding ONDCBEML secures Rs 250 crore order from Northern Coal FieldsBharat Parv celebration takes centerstage at Cannes Film FestivalSteel industry should work towards reducing emissions: Steel SecretaryI-T - Additions framed on account of unexplained cash credit & unexplained money, are not tenable where cash deposits & withdrawals were of personal funds & were done through banking channels: ITATUS says not too many vibrant democracies in the world than IndiaI-T - Benefit of section 11(2) can not be denied merely on reasoning that form 10 is filed belatedly: ITATSwati Maliwal case takes new turn with Kejriwal’s assistant Bibhav Kumar filing FIR against herI-T- Unexplained money - Additions sustained as assessee unable to provide proper explanation for amount withdrawn & subsequently deposited into same bank account: ITATIndia says Chabahar Port to benefit Central Asia and AfghanistanCX - Though Commissioner mentions that he refrains from imposing penalty under Rule 27 of CER, 2002, same is not invoked in SCN, there is no way that Adjudicating Authority could have imposed penalty under said Rule: CESTATRussia seizes Italy’s UniCredit assets worth USD 463 mnCus - Order re-determining transaction value based on CRCL test report is not correct & hence unsustainable: CESTATPutin says NO to Macron’s call for ceasefire in Ukraine during OlympicsCus - If price is not sole consideration for sale, then transaction value can be rejected under Rule 8 of Export Valuation Rules & then must be redetermined sequentially through Rules 4 to 6: CESTATBrazil to host women’s World Cup 2027Cus - If there is additional consideration for sale, then proper course for the officer is to reject transaction value & re-determine value under Rule 4 or Rule 5 or Rule 6 sequentially: CESTATSC upholds ICAI rules capping number of audits per yearST - Assessee transports coal for M/s WCL; demand raised under Cargo Handling Service on activity of loading/unloading/packing of Coal - Activity of loading/unloading/packing may take even longer time than actual transportation, but main purpose of contract is to transport goods - Demand raised is not tenable, more so where M/s WCL already paid tax under reverse charge on transportation service: CESTAT
 
GST Registrations - Cancellation - Pendency is more acute in UP, Gujarat & Maharashtra

 

By TIOL News Service

NEW DELHI, SEPT 23, 2018: THE GSTN has undoubtedly activated many more features on its portal. Even the tax administration has improved its services by several notches. Notwithstanding all the efforts, cancellation of GST registrations continues to be a challenging hiccup. In this regard the CBIC Chairman has urged the Chief Commissioners to speed up the work and clear the pendency by September 30, 2018. A special request has been made to the Chief Commissioners of Uttar Pradesh, Maharashtra, Delhi, Gujarat and Rajasthan as pendency is more acute in these States.

The Chairman has also made reference to the letter of the Commissioner (TAR) requesting to provide NOC / details of outstanding recoverable Government dues in respect of specified entities positively by October 3, 2018. This is to enable DGFT to implement the Supreme Court's judgment regarding the Target Plus Scheme.


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