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, August 14, 2015
ST - Mere reading of invoices and challans by appellant (octroi agent) for purpose of filling up form and obtaining clearance at check post does not amount to 'dealing with or handling documents of title' - demand under BAS not sustainable - Appeal allowed: CESTAT
 
Bangalore, August 14, 2015
CX - Allegation of CENVAT Credit taken without receipt of inputs - In case of clandestine allegation, onus to establish same is on Revenue, which is required to be satisfied by production of sufficient, tangible and positive evidence
 
New Delhi, August 13, 2015
Govt yet to firm up mind on reconvening House for GST Bill: FM
 
New Delhi, August 13, 2015
CX - Once Tribunal's judgment was affirmed by Apex Court by dismissal of Civil Appeal, Tribunal's order merges with Apex Court order and same becomes binding precedent, whose non-consideration would be mistake apparent from record - ROM allowed: CESTAT
 
New Delhi, August 13, 2015
Import - exemption notification - Burden to prove eligibility is on importer; Writ petition decided by HC on merits at request of petitioner - High Court's Jurisdiction cannot be later questioned: SC
 
Chandigarh, August 13, 2015
I-T - Whether sales tax rebate can be said to be part of profit and gain derived from business entitled for Sec 80IC benefits - NO: HC
 
Mumbai, August 13, 2015
ST - Airport service - Advances received for services to be provided after 01/05/2006 from which date service became taxable - as no exemption was provided, tax liability arises, however, demand is blatantly hit by limitation: CESTAT
 
Mumbai, August 13, 2015
CX - There is nothing in CCR that before moving to rule 6(2) manufacturer is required to reverse credit of inputs available in its stores, WIP and finished goods on that date - demand of amount u/r 6(3)(b) till date when assessee reversed credit does not sustain: CESTAT
 
Paris, August 12, 2015
Many tax jurisdictions spending 25% of total budgets on IT; also expanding electronic matching of bulk VAT invoices: OECD
 
Mumbai, August 12, 2015
ST - Having complied with Tribunal's order & granted refund of tax, withholding interest claim on possible realisation that if this is also awarded & paid, case before SC would be rendered infructuous cannot be legal position: HC
 
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