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 09, 2013
Service Tax - Service by club to its members held ultra vires: Gujarat HC
 
Mumbai, July 09, 2013
Cus - idea of appointing distributor is to sell goods within territory, thus there will not be any sales to unrelated buyers - unrelated importers were getting 35% discount earlier - distributor to get same discount: CESTAT
 
Chennai, July 08, 2013
I-T - Whether when assessee has not been allowed any deduction u/s 43B in earlier years, provisons of Sec 41(1) will not apply in case of grant of waiver of interest - YES: ITAT
 
Mumbai, July 08, 2013
ST - Roads and runways are not one and same and, therefore, benefit of exemption available to repair of roads will not ipso facto apply to runways - matter remanded: CESTAT
 
Mumbai, July 08, 2013
Ground of unjust enrichment cannot be a ground for rejecting refund claim - question of unjust enrichment comes into play only after it is decided whether refund is sanctionable or otherwise: CESTAT
 
New Delhi, July 07, 2013
A Voluntary Retirement Scheme is essentially a part of company's desire to weed out deadwood - It is well-established that VRS does not entitle an employee as matter of right to benefits of Scheme: SC
 
New York, July 07, 2013
UN for greater efforts to end modern day slavery - human trafficking
 
New Delhi, July 06, 2013
The Tale of Tax Evasion, Anti-Evasion, and a good use of Canine Teeth
 
New Delhi, July 06, 2013
Service Tax Voluntary Compliance Encouragement Scheme: Revenue Secretary urges business chambers to ask members to avail this Scheme
 
Chennai, July 05, 2013
Temporary transfer of copyright - Section 65(105)(zzzzt) of FA, 1994 - taxability on film distribution - Imposition of Service Tax upheld: Madras High Court
 
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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.