News Update

GST - Credit card holder offered loan - Service rendered by Citi Bank in extending loan is nothing but a service pertaining to the said credit card - Interest component of EMI of loan advanced by bank is not exempted: HCGST -Since the petitioner has prayed for a relief to compel the respondent bank to grant exemption, the writ petition is maintainable: HCCus - Order cancelling Special Warehouse Licence is an appealable order before the Tribunal - Respondent to work out the remedies in accordance with law: HCGST - Printing of content provided by recipient using paper & materials of applicant and supply of such printed leaflets to recipient is a composite supply - Supply of service of printing is principal supply; GST @18%: AARCX - SVLDRS, 2019 - In the SCN, it is not mentioned that the duty demand is jointly and severally payable - A co-noticee is one who is liable for the very same amount along with others: HCGST - Authority has proceeded to pass order for cancellation of registration on new material or facts which neither formed part of SCN nor the same were disclosed to writ applicant - Order set aside: HCGST - TRAN-1 - Rule 117 being directory in nature, the time limit for transitioning of credit would in no manner result in forfeiture of rights even when credit is not availed within the period prescribed: HCGST - Age is just a numberI-T - Amount received in excess of amount standing to credit of partnership firm which is paid towards notional gain on revaluation of land is liable to tax : HCGovt revises tariff value of edible oils & goldI-T - Prosecution of assessee upheld where wilful concealment of correct income by not filing ITR within time stipulated, is clearly established : HCDigital Assets transfer - CBDT notifies Form 26QF for crypto exchangeI-T - Re-assessment - Best of judgment order - Assessee not diligent in pursuing matter, failed to give adequate reply to notices; cannot later allege contravention of natural justice: HCCBDT notifies NFT resulting in transfer of ownership to be excluded for taxation purposeI-T - One opportunity can be granted to assessee as offence is compoundable: HCNiti Aayog & WFP table report on Take Home Ration schemeI-T - Case can be fixed for either limited scrutiny or complete scrutiny and in case it is for complete scrutiny, then no written approval is required by AO from PCIT: ITATConsumer Price Index for Industrial Workers for May 2022 rises by 1.02%I-T - Penalty imposed u/s 271(1)(c) sustained where assessee does not submit any evidence to show that it made voluntary disclosure during assessment proceedings, before detection of bogus loss claimed: ITAT8 Core Industries - Power, Cement, Coal & Fertilisers record high growth in May 2022I-T - Assessee did not write off provisions for doubtful debts due to fear of losing right to civil proceedings for recovery of debts; deduction allowed for provision of doubtful debts: ITATGovt releases calendar for Treasury Bills auctionI-T - Amount received in excess of amount standing to credit of partnership firm which is paid towards notional gain on revaluation of land is liable to tax : ITATGST Tribunal - Challenge is to remove microbes of bias in fleshing it out!Cus - Once in 100% EOU, raw material imported duty free is used in manufacture of final product and same is cleared on payment of duty in DTA, customs duty on raw material cannot be demanded: CESTATGST FileCX - Empty packaging material of cenvatable input is not liable for payment either as excise duty or as cenvat credit under Rule 6(3) of CCR, 2004: CESTATGovt releases Public Debt Management report for Jan-Mar 2022ST - Relevant date for computing six months periods under Notification No. 41/2007-ST to be taken the date when service tax paid and not first day of month following quarter in which export made, merely on the ground of limitation refund cannot be rejected: CESTATMigration of e-BRC Portal/Website to new IT platformST - Since the typographic error in challan number and corelation of compiled record of appellant is impressed upon by them, request of remanding the matter is hereby accepted: CESTAT
 
400 GIS-based maps ready under PM GatiShakti: Goyal

By TIOL News Service

NEW DELHI, MAY 19, 2022: UNION Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal, yesterday said that nearly 400 comprehensive GIS based maps already prepared under PM GatiShakti National Master Plan. 

The Minister emphasized that the revolutionary PM GatiShakti initiative would help solve the problem of haphazard development of infrastructure in the country and will help us build a secure, sustainable, scalable and collaborative approach towards infrastructure planning.

He was delivering the keynote address at the Telecom Regulatory Authority of India Ministerial Session 'Seminar on Collaborative regulations: Co-creation and sharing of infrastructure (in sync with PM GatiShakti) and international regulators' roundtable on 'Collaborative regulations using RegTech and Technology platforms'.

The Minister congratulated TRAI for completing 25 years in service of the nation as the country celebrates Azadi Ka Amrit Mahotsav (completing 75 years of independence).  

Speaking of the remarkable progress made by the telecom sector in the last few years, especially with regard to bridging the digital divide, the Minister expressed confidence that Information Technology and last mile digital connectivity will have an impact on every sector and would be the foundation of India's growth story in the years to come.He added that Digital India would form the foundation for aatmanirbhar Bharat. 

The Minister spoke of the momentous role that digital connectivity had played in combating the COVID-19 pandemic by enabling quick and easy access to health infrastructure and other support systems world over. He expressed his appreciation for the rapid pace at which education went online during the pandemic and switched over to edtech. The Minister also highlighted that India had earned the title of being a trusted partner to the world by not letting down a single international commitment. 

Referring to the giant strides that India has been taking in the field of Telecom and Digital Technologies, Goyal opined that the government had infused new energy in the telecom sector with the Panchamrit of Reach, Reform, Regulate, Respond and Revolutionize in the last eight years. These principles, he said, defined the work done by the government in the last 8 years to reenergize this sector. 

The Minister noted that the efforts made to successfully take connectivity to every last village in the country was a testament to the sensitivity of the government towards bridging the digital divide to ensure that no citizen remained deprived of their ability to connect with the world. 

Applauding the regulators for creating and preserving a stable policy ecosystem, the Minister said that it had helped protect both telecom companies and consumers. He noted that one for the lowest number of complaints received by the Department of Consumer Affairs was in the telecom sector. 

The Minister opined that the launch of Digital India and JAM Trinity (Jan Dhan-Aadhar-Mobile) was a watershed moment in the history of the country and said that it revolutionized the way public services were delivered to common man. He added that the JAM Trinity helped take the fruits of technology to the common man, bringing down transaction costs, eliminating middle men, leakages and corruption from the system. 

Terming One nation one ration card (ONORC) as one of the most revolutionary initiatives, the Minister said that the use of technology in PMGKAY had ensured that the crores of beneficiaries of the scheme could collect food grains at a time and place of their choosing.  

Underscoring that the nation was moving towards transparent and effective Governance, the Minister noted that under the leadership of PM Modi, nation has moved transparently from 2G/3G to 4G & now 5G 4. 5G will contribute USD450 bn to the Indian economy in next 15 yrs and the launch of indigenous 5G testbed by PM will be milestone towards Aatmanirbharta in telecom. It will help in digitizing the economy, boosting Startup ecosystem, improving governance, ease of living  and ease of doing business in the country, he added.  

Goyal opined that the two  2 tech programs of TRAI, Collaborative Regulations: Co-creation and Sharing of Infrastructure (in sync with PM GatiShakti) & 5 2. International Regulators' Roundtable on "Collaborative Regulations using RegTech and Technology Platforms had path breaking potential and have taken place at a suitable time, as government is pushing for Aatmanirbhar Bharat. 

He added that the pioneering work done by TRAI would help other regulators and take the potential that smart and simple regulations have for the orderly development of this sector to the world. 

Elaborating on the technology architecture of the PM GatiShakti National Master Plan, the Minister said that if we were to develop all the available resources in the nation as data points using technology and if the Data points could talk to each other using APIs, we can plan better and implement infrastructure projects efficiently in a time bound manner, within budget. 

Expressing concern over infrastructure projects that have been languishing for decades for lack of sensible, data based integrated planning, the Minister pointed out that PM Gatishakti was a simple, elementary, logical, rational tool to address these issues. The Minister also noted that every part of government had contributed towards the realization on PM GatiShakti, making it a fine example of the whole of govt approach. 

 


POST YOUR COMMENTS