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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New Delhi, August 09, 2017
I-T - Reopening merely at behest of Superior officer, can be challenged for lack of jurisdiction: ITAT
 
Kolkata, August 09, 2017
I-T - No attachment notice u/s 281 can be issued, if no proceeding was initiated within seven months of noticing undisclosed income: HC
 
Mumbai, August 09, 2017
Cus - Market enquiries showing that product can be sold at much higher price does not prove that goods have been undervalued: CESTAT
 
Mumbai, August 09, 2017
ST - Tax paid on insurance services is an Input service: CESTAT
 
Mumbai, August 08, 2017
Cus - Parties cannot be remediless: HC
 
Bengaluru, August 08, 2017
CST - Specific amendment in FTP removing anomaly & allowing CST refund in r/o goods purchased from DTA should be treated as a clarificatory: HC
 
New Delhi, August 08, 2017
I-T - Mere receiving of service charges for conducting safety management programs, would not convert essential function of charitable society to that of business: HC
 
Mumbai, August 08, 2017
I-T - Any transfer from Share holder's A/c to Policy holder's A/c shown as part of surplus from insurance business in 'actuarial valuation', cannot be taxed u/s 44: ITAT
 
Mumbai, August 08, 2017
ST - A transaction which is a ‘deemed sale' under Article 366(29A)(d) could not be taxed as a service: CESTAT
 
Kolkata, August 08, 2017
CX - Powder Hair Dye sachets of 3 gms. packed in mono carton containing 6 or 8 sachets is a retail package: CESTAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



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