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GST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCGST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesI-T- Secured creditor has priority charge over secured asset, over claims of I-T Department & other Departments; any excess amount recovered by Secured Creditor from auction of secured asset, over & above the dues payable to it, are to be remitted to the Departments: HCFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesI-T - Once assssee on year of reversal has paid taxes on excess provision and similar feature appeared in earlier years and assesee had payments for liquidated damages on delay of deliverables, no adverse inference can be drawn: HCFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerST - Software development service & IT-enabled service provided by assessee was exempt from tax during relevant period, by virtue of CBEC's Notification & Circular; demands raised for such period not sustainable: CESTATUN says Households waste across world is now at least one billion meals a dayCus - Order rejecting exporter's request for conversion of Shipping Bills on grounds that the same has been made by exporter beyond period of three months from date of Let Export Order in terms of CBEC Circular No. 36/2010-Cus : CESTATIndia, China hold fresh dialogue for complete disengagement on Western borders: MEACus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTATThakur says India is prepared for 2036 OlympicsCX - As per settled law, a right acquired as result of a statutory provision, cannot be taken away retrospectively unless said statutory provision so provides or by necessary implication has such effect: CESTAT
 
MoS calls for sustainable Start-ups with indigenous innovation

By TIOL News Service

NEW DELHI, MAY 12, 2022: MoS, Dr Jitendra Singh, today laid stress on building Sustainable Start-ups with indigenous innovation. He said, for Start-ups to remain sustainable, innovation has to become a dynamic process.

Speaking at the inaugural event of "Iconic 75 Industry Connect ('i' Connect)" at Jorhat, Assam, Dr Jitendra Singh said, the innovative Start-ups by the young entrepreneurs have to shoulder responsibility for the next 25 years of glorious journey, when we celebrate 100 years of India's Independence as a frontline nation in the world. He said, the aim of industry connect is to explore globally benchmarked technologies and products for making the country self-sustaining and self-generating. He said, while our research establishments are well equipped and competent to develop the world class technologies and products in laboratories, there is a gap in terms of taking these to market and ultimately to the society for the benefit of common women and men of the country.

Dr Jitendra Singh said, research and industry share a reciprocal relationship to thrive and grow and he urged the industry to have an equal stake in R&D through meaningful investment for making and taking the world class products from laboratories to market. He also underlined the need for Brand building of the products to carve a niche in Indian and world markets.

Referring to Prime Minister Narendra Modi's vision of Government-Industry Connect, Dr Jitendra Singh said, the iconic 75 Industry Connect ('i'-connect) events are aimed at forging partnership with industry in 10 thematic /focus areas. He said, this is the consolidate efforts of DSIR/CSIR, DBT, DST, MoES and other scientific departments of the Government of India to reach out to industry. Coming together of several scientific departments for the cause of science is a phenomenon seldom seen before and the "Team Sprit" is the key mantra of the Government, the Minister added.

Dr Jitendra Singh said, the reason to start the series of industry i-Connect from Jorhat in Assam stems from Prime Minister's high priority for the development of the North-Eastern Region. He reminded that in 2014 itself, Modi had made it clear that the priority of the government is to bring the underdeveloped regions of North-East, J&K and other Hill states and Island territories at par with developed region of the country. The Minister expressed hope that N-E region as a land of unexplored potential will become destination of future Start-ups, entrepreneurship and new investment, due to its rich bio-diversity and huge bamboo resources.


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