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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 decides to reduce tax rates on many items; allows ITC for last FY; single window for refund & amendments in GSTR-9 & 9C

 By TIOL News Service

NEW DELHI, DEC 22, 2018: AT the 31st meeting the GST Council has shown the resolve to bring the GST caravan back on rail! It has taken a series of taxpayer-friendly decisions besides rationalising the tax rate on a good number of goods falling in the 28% tax bracket. The Council has decided to reduce tax rate from 28% to 18% on many items such as Monitor TV, Power Bank Battery, cranks & gear boxes, video camera & used tyres of rubber and from 12% to 5% on items like fly ash block, walking stick and nil tax rate music books. Services of business correspondent to a bank have been brought under the sweep of RCM. The Council has decided to tax the Executive Court but exempt diploma and degree programmes run by the IIMs. Tax rate on Haj travel has been reduced to 5%. The tax rate on cinema tickets costing less than Rs 100 has been reduced to 12% but will remain 18% on above Rs 100/-.

In a mega relief to the taxpayers, the Council has allowed ITC on invoices or debit notes issues for the FY 2017-18 upto the date of annual return - GSTR-9. Besides, allowing the extension of the due dates for GSTR-9 & 9C upto March 31, 2019, the Council has also approved many changes in the tables seeking details of HSN Code for inward supplies; additional payments to be paid only in cash; value of non-GST supply to include the value of 'no supply' and many more.

The Council also okayed the proposal for Single Interface for disbursal of refund, rationalisation of cash ledgers, extension of due dates for migration of taxpayers & GSTR-8 by e-commerce operators.

The Council also approved the amendment in Section 50 of the CGST Act to allow payment of interest on net cash liability. In case of delayed furnishing of GSTRs, the late fee has also been reduced. However, the Council has taken a view on the proposal to deny generation of e-Way Bills if returns not filed for two consecutive tax periods.

For the new GST Return format the Council has put its stamp for a trial run from April 1, 2019 and mandatory filing from July 1, 2019. Rule 46 amendment has been approved for allowing computer-generated invoices without digital signature. In addition, the Council has also approved several clarifications relating to export of services, FAQ on banking, penalty and ITC.


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