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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New Delhi, September 01, 2013
Erroenous payment of Drawback & TED: CAG for mechanism to levy interest on exporters
 
New Delhi, August 31, 2013
Govt happy with DCI performance; Rs 438 Cr income disclosed in 8 cases: MoS(R)
 
New Delhi, August 31, 2013
CBDT grants tax exemption to NGOs receiving foreign aid but keeps no records, says Minister
 
New Delhi, August 30, 2013
Service Tax - Advance Ruling - Marketing and sales support in India to a firm in China and USA - Amounts to export of services: AAR
 
Mumbai, August 30, 2013
I-T - Whether any TDS liability arises on payments made towards leasehold rights acquired by the SEZ developer for further sale and not for its own use - NO: ITAT
 
Kolkata, August 30, 2013
CENVAT – Rule 6(3)(ii) - Discharging 10% of price of exempted goods due to non-availability of data at beginning of FY would not disentitle manufacturer from exercising option later during same FY - Stay granted: CESTAT
 
New Delhi, August 29, 2013
CX - Modvat - Deemed Credit - Assessee not responsible if supplier had not paid correct duty; Assessee not expected to verify with Department whether supplier had paid duty: SC
 
New Delhi, August 29, 2013
I-T - Whether when Revenue had issued notice for reassessment on ground that Sec 10B deduction had resulted in underassessment of income, and deduction on account of deferred revenue expenditure was inadmissible, it amounted to tangible material which had live link to validate formation of opinion - NO: Delhi HC
 
New Delhi, August 29, 2013
Service Tax - Franchisee Service - CESTAT upholds demand against Delhi Public School Society under normal period of limitation
 
Paris, August 28, 2013
MAA in Tax Matters to curb tax evasion: China, last Member of G20, signs OECD framework
 
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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.