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, July 12, 2016
I-T - Whether if there is inordinate delay in sanctioning refund which includes statutory interest, then Revenue is under obligation to pay compensation and not only interest on interest - YES: HC
 
Mumbai, July 12, 2016
ST - Services rendered by overseas entities to appellant is performance-based service and, to become taxable, requires that at least some portion be rendered in India - role of overseas entity commences and ends beyond border of India: CESTAT
 
Ahmedabad, July 11, 2016
ST - Since SEZ unit of respondent assessee had not charged for services provided to its DTA unit, no service tax was leviable - invoices were raised for such services merely for purpose of convenience : High Court
 
Raipur, July 11, 2016
I-T - Whether expenses incurred on voluntarily executed CSR activities exclusively for business purpose are entitled to deduction - YES: ITAT
 
Mumbai, July 11, 2016
Cus - s.14 of CA, 1962 - In any transaction, terms of agreement need to be given precedence and value at time and place of export as entered between two parties has to be considered for discharge of duty liability: CESTAT
 
Mumbai, July 10, 2016
CX - CENVAT- Since invoice received showed description as HR/CR coils whereas appellant had received HR/CR sheets, credit denied - Appellant directed to produce correlation between HR/CR coils received by dealer and HR/CR sheets supplied to appellant after cutting of coils - Matter remanded: CESTAT
 
New Delhi, July 09, 2016
Playing to the gallery & much more - impressive Kerala Budget
 
Mumbai, July 09, 2016
CX - Common input services for trading & manufacture - Tribunal must firstly refer to substantive Rule 6 operative prior to 1st April 2011 and then arrive at a conclusion in relation to Explanation introduced later: High Court
 
New Delhi, July 08, 2016
I-T - Subsidies provided by State Govt. in pursuance of an industrial policy is entitled to be treated as 'capital receipt', hence not chargeable to tax: SC
 
Mumbai, July 08, 2016
CX - Anchor rings and Load spreading plates are also parts of WOEG & entitled to benefit of exemption Notification No. 6/2006-CE: Larger Bench CESTAT
 
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