News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - Rule 86A is not a machinery provision for recovery of tax - Order can be passed only if ITC is available in the taxpayer's ECL - No negative blocking: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - Goods were purchased from SAIL by a third party who sold to petitioner and who subsequently re-sold to consignee - No justification for detention on ground that correct documents were not travelling with truck: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - Existence or otherwise of principal place of business - A taxpayer's registration cannot be cancelled solely on the basis of some general queries/enquiries from random persons, of which there is no record: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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Mumbai, April 10, 2018
GST -CIDCO has correctly collected GST on total one-time lease premium amount payable by successful allottee: High Court
 
New Delhi, April 10, 2018
I-T - wrong name mentioned in notice issued to assessee, due to clerical error, is a mistake which can be corrected by Revenue u/s 292B: SC
 
Ernakulam, April 10, 2018
Cus - When an option is exercised for redemption in lieu of confiscation, person in ownership and custody of imported goods opts not only to pay redemption fine but also to make good short levy of duty: HC
 
New Delhi, April 10, 2018
I-T - When limitation period u/s 201(3)(i) has already expired prior to coming into force of amended provision vide Finance Act, 2014, right is accrued in assessee's favour and any proceedings will become barred by limitation: ITAT
 
New Delhi, April 10, 2018
I-T - Concession allowed to channel partners/distributors on recharge vouchers merits withholding tax liability by cellular companies: ITAT
 
Mumbai, April 10, 2018
CX - Hydrogen gas is supplied by appellant to NOCIL through pipelines owned by them - operation and maintenance of pipeline is not related with transportation, therefore, charges recovered are includible in AV: CESTAT
 
Mumbai, April 10, 2018
ST – Demand is not on sale of software but on services rendered by Appellant post sales and same has been correctly made under category of 'Information Technology Software Services': CESTAT
 
Hyderabad, April 09, 2018
I-T - Uncertainty has no place in realm of taxation; Only real interest income on unsecured loans should be charged to tax: ITAT
 
Jaipur, April 09, 2018
I-T - A senior Revenue official is to be held accountable and cost is warranted to be imposed if Department continues to file appeals on flimsy grounds: HC
 
Bangalore, April 09, 2018
Cus – FA, 2016 amending s. 25(4) of CA, 1962 is prospective: HC
 
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AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.