News Update

Taxation & Other Laws Bill gets Lok Sabha nodSelection of New WTO DG - Panel narrows down to last 8 candidates; Second Round to limit it to 5KVIC compels Flipkart & Amazon to remove 160 fake khadi productsRS okays IBC Amendment Bill 2020 along with Epidemic Diseases Amendment BillGovt tables three Labour Codes in Lok SabhaGST - Petitioner challenges provisional attachment of bank account - Efficacious alternative remedy available under rule 159(5) of Rules, 2017: HCChina notifies rules to determine ‘unreliable entities’ to target companies hurting its interestsNIA nabs 9 Al-Qaeda operators from West Bengal and KeralaGST - Deficiency memo - Petitioner challenges refund procedure in Rule 90(3) of the CGST Rules as being arbitrary, illegal and ultra vires - Matter listed: HCFTAs - Rules of Origin to help importers; to be effective from MondayCBIC issues administrative direction for recovery of interest on net cash tax liability basisGovt amends Public Procurement Order for higher local contentAscertaining assessee's gross profits also requires examination of rates adopted in assessee's own case for earlier AYs or contemporaneous third party data found to be reliable: ITATST - Activity of providing warehouse & other ancillary services, i.e. security, insurance provision of main power & weigh bridge operation, is covered under the Negative List vide Entry No 66D(v) - duty demand raised is unsustainable: CESTATFirst batch of trained sniffer dogs with handlers passes out: Amritsar CustomsBihar flood woes - Former IRS officer Anup Srivastava says do not put blame on Nepal and simply act nowOne-District-One-Product scheme encouraging domestic manufacturingDRI, CGST officers escape gunfires; seize 5 kg smuggled gold near Jodhpur + Three smugglers nabbedTrump unlikely to attend in-person General Assembly session of UN on 75th anniversaryCBIC gives effect to new Section 28DA of Customs ActGST Compensation Row Should Aid Enactment of Govt Debt Law