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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Mumbai, March 18, 2016 ST - Tax paid on Reverse Charge - ST liability needs to be discharged only on amounts which have been billed by service provider - no cause for fastening tax liability on TDS paid by appellant: CESTAT

Mumbai, March 18, 2016 ST - Merger & Acquisitions is covered under Banking and Financial Services and, therefore, Service Tax liability arises only w.e.f. 16.07.2001 and not prior to that date - Appeal allowed: CESTAT

New Delhi, March 18, 2016 I-T - Whether credit entry made against cheque which was not encashed by vendor is to be treated as extinguishment of liability and hence to be construed as trading receipts in the hands of assessee even if parties have not waived their right to receive payment - NO: ITAT

Mumbai, March 18, 2016 CX - As respondents are procuring raw materials viz. tapes, without payment of duty, they are not entitled to benefit of Notfn. 6/2002 as they would not have fulfilled condition 34 - consequently, exemption Notfn. 13/98 not available: CESTAT

Mumbai, March 17, 2016 CX - Appellant have raised two invoices, one towards sale of machines & second for integration and commissioning - Integration & commissioning is an independent activity which can be performed either by appellant or any outside agency, hence not includable in AV: CESTAT

Mumbai, March 17, 2016 I-T - Whether tax arrears from sick companies that satisfy conditions u/s 22(1) of SICA are not to be recovered by coercive method unless BIFR gives consent for same - YES: HC

Mumbai, March 17, 2016 ST - In absence of statutory provision which prescribes that registration is mandatory and that if such a registration is not taken, assessee is not entitled to benefit of refund is a ground which is not existence in law & hence erroneous: CESTAT

Mumbai, March 16, 2016 ST - Common input services - although Explanation inserted in Rule 2(e) of CCR, 2004 clarifying that trading is exempt service is prospective in nature, yet portion of tax paid on 'Input services' that was not attributable to 'output services' cannot be allowed to be availed: CESTAT

Mumbai, March 16, 2016 Cus - When Petitioners have admitted that they had manufactured goods & exported them in terms of sub-Rule (2) of Rule 19 of CER, 2002, question of admitting claim towards customs allocation drawback is not at all justified: HC

Kolkata, March 16, 2016 I-T - Whether where addressee of a Sec 148 notice has failed to question AO's jurisdiction within stipulated time, provisions of Sec 124(3)(b) take away addressee's right to question AO's authority - YES: HC

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