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 07, 2017
ST - Payment, which has been made and for a past audit objection, for an earlier period, cannot be a ground to reject VCES application: HC
 
New Delhi, April 07, 2017
ST - Assessee is not responsible for any details in bill or authenticity but are simply printing in a preformatted design - Activity not billing; not taxable under BAS: Tribunal
 
Mumbai, April 07, 2017
Cus - Sett. Comm. could not have rejected Applications on ground that they are not admissible u/s 127B once report as contemplated u/s 127C(3) was called for: HC
 
Hyderabad, April 07, 2017
I-T - Partnership firm can claim TDS credit as per Section 199 & Rule 37BA, even if was not reflected in Form 26AS
 
Mumbai, April 06, 2017
CX - After death of sole proprietor, concern does not exist and heirs of deceased cannot be proceeded against -attachment of immovable property cannot continue: HC
 
Mumbai, April 06, 2017
I-T - Forfeiture of advances received towards subscription to share capital, is not taxable income
 
Mumbai, April 06, 2017
CX – CENVAT credit on capital goods can be denied only if same is used exclusively for manufacture of exempted goods: CESTAT
 
Mumbai, April 06, 2017
ST - Findings of AA that agreement requires appellant to promote trademarks, which is nothing but goods,is farfetched as there is no mention of trademarks in BAS definition : CESTAT
 
Mumbai, April 05, 2017
CX - In view of statutory requirement laid down by MPCB, Garden services is an input service: CESTAT
 
Allahabad, April 05, 2017
I-T - Bogus gifts by strangers to minor children of firm's partners through cash drafts purchased from same banks, solely to enable them to give loans to firm in which parents of such minors were partners, is sufficient ground for invoking penalty: HC
 
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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.