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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Ahmedabad, September 23, 2016
Income tax - Whether mere payment of lease rent or interest on borrowed funds, by an educational trust, without there being any element of such payments being excessive or unreasonable compared to normal rates prevailing, would fall within mischief of section 13(1)(c) of I-T Act - NO: HC
 
New Delhi, September 23, 2016
GST Council fixes Rs 20 lakhs as exemption limit for goods & services; Service tax assessees to remain with Centre; FY 2015-16 to be base year for computing compensation
 
Chennai, September 23, 2016
Property tax - Whether when Income Tax Department's buildings are owned by Union of India, such property cannot be taxed by a State or a Municipal body - YES: HC
 
Allahabad, September 23, 2016
CX - Neither is there any evidence to prove that Sugar syrup is classifiable under 1702 9090 nor there is any evidence to prove that goods, in question, in form in which they come into existence in appellants factories, are marketable: CESTAT
 
Ahmedabad, September 22, 2016
Gujarat Sales tax - Whether pharmacy established by charitable hospital can be treated as 'dealer' within purview of Sec 2(10), in case such medical store was created only for purpose of supplying medicines to patients in order to achieve its avowed objects of providing medical welfare - NO: HC
 
New Delhi, September 22, 2016
ST - Nature of financial dealings or payment of consideration for services rendered by itself will not decide the tax liability of the service: CESTAT
 
New Delhi, September 22, 2016
CX - It would be farfetched to assume that only on basis of use of consumables, which is refractory material and prone to breakages/defects, clandestine production and clearance of MS Ingots can be alleged: CESTAT
 
New Delhi, September 21, 2016
Union Budget 2017 to be presented on Feb 1; History of Rail Budget comes to an end; Plan & Non-Plan classification also gone
 
Chennai, September 21, 2016
Arrears of Central Excise duty under compounded levy scheme cannot be paid from CENVAT Credit - No error in the order of Tribunal: High Court
 
Chennai, September 21, 2016
I-T - Whether when issue has been remanded for limited purpose, Settlement Commission has jurisdiction to shift terminal date for calculation of interest u/s 234B - NO: HC
 
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