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, September 25, 2017
ST - Service of drilling and blasting alone does not fall under dredging service: CESTAT
 
Mumbai, September 25, 2017
CX – Adjudicating Authority should not be sympathetic to relieve defaulter from violation of law without penalty: CESTAT
 
New Delhi, September 23, 2017
Income Tax - Provisions of Sec 115O do trench on powers of State Legislature to tax agri income but such incidential trenching does not warrant annulment of legislation: Supreme Court
 
New Delhi, September 22, 2017
Wealth Tax - Amendment made to Sec 40(3) vide FAs 1983 & 1988 is substantive in nature and that is why it cannot be retrospective: HC
 
Ahmedabad, September 22, 2017
I-T- Simply because Writ Court has struck down previous transfer order u/s 127(2)(a), Department is not precluded from initiating fresh procedure: HC
 
New Delhi, September 22, 2017
GST - GSTN informs that portal for uploading application seeking advance ruling to be ready only in Jan 2018; alternatively, facility for filing manual applications to be available from 20 Oct- HC questions authority for postponement
 
Chennai, September 22, 2017
I-T - Settlement Commission has no authority to review / reopen matters already concluded before it: HC
 
Mumbai, September 22, 2017
CX - Even if provider chooses to pay tax on exempted service, same shall be available as CENVAT credit: CESTAT
 
Mumbai, September 22, 2017
ST – Contrived interpretation that 'asset usage charge' is covered by the term 'any other service…in relation to such renting for use…' cannot be agreed to: CESTAT
 
Ahmedabad, September 21, 2017
I-T - If assessee reports some bogus purchases in return but same goes unexamined, and later on re-assessment is initiated based on certain tangible materials received from Investigation wing, such action is not to be construed as change of opinion: HC
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.