News Update

Two separate low housing projects constructed on common land should not be construed as one, so as to disallow statutory relief available u/s 80IB(10): HCGovt approves CPC 2.0; Rs 1.6 lakh crore refund processedWhether if assessee purchaser demonstrates discharge of tax liability to seller, benefit of input tax cannot be deprived to such buyer - YES: HCMumbai DGFT launches Call Centre for FTP queriesIn absence of failure on part of assessee to disclose fully & truly all material facts, assumption of jurisdiction u/s 147 is not permitted: HCST - Notfn. 12/2003 - Abatement available even if same was not separately shown in invoices if verifiable documentary proof was otherwise produced as there was no such condition to show value of same separately in invoices: CESTATTransfer of case to more pronounced location rather than one ordered u/s 127 at request of assessee, is permitted only if relative hardship to taxpayer stands proved: HCCX - Grounds of appeal are beyond the scope of SCN, hence Revenue appeal is dismissed: CESTATInterference by Division Bench in intra-court appeal, would be justified only if order under appeal suffers from patent illegality: HCCus - Diamonds were not presented to proper officer but were found in office of courier company - since the assessee has not done any act towards exportation, sec 113(d) has no application: CESTATOnce surplus generated by educational society stands ploughed back for imparting education, registration u/s 12AA should not be denied to it: ITATCX - When assessee has reversed credit and intimated department, allegation that assessee has suppressed facts with intention to evade payment of duty is unjustified: CESTATCBDT clarifies income tax exemption to disability pension is available to all armed forces personnel irrespective of rankGST - By not reducing pre-GST base price by 9.68% on account of additional benefit of ITC and charging GST at increased rate of 12%, respondent has contravened provisions of s.171 of the CGST Act, 2017 - Profiteering proved : NAAGST - DGAP is under statutory obligation in terms of rule 129 of CGST Rulesto complete investigation in case of receipt of any reference from Standing Committee; subsequent withdrawal is not a legally valid ground to discontinue proceedings: NAAGST - Anti-Profiteering - There is no statutory provision for withdrawal of complaint made: NAAGST Evasion - Govt going to integrate FASTag with e-Way Bill & logistic data servicesCBDT Chairman draws attention of senior officers towards 2600 grievances pending on CPGRAMS & 3400 on e-Nivaran as on June 20, 2019Total number of GSTR-1 as on June 17, 2019 reaches close to 20 Crore + 17.6 Crore GSTR-3BHouse Report - Illicit outflows accounted for 10% of unaccounted incomeKarnataka ULBs tell FinCom NO performance grants being releasedRule 56(j) - Govt further tightens screwsST - WCS were used for maintenance & repair of UPS systems and ACs - are to be treated as Input Services: CESTATTribunal being last fact finding authority should not rest its judgment only on alternative contention raised by parties to litigation: HCCX - Merely because there are certain cash deposits in the account of director of company, it cannot be concluded that these are amounts received from sale of clandestinely removed finished products: CESTATDevelopment of Bundelkhand - Govt setting up Defence Industrial CorridorOnce advances are not made out of interest bearing funds, no disallowance of interest expenditure is permitted: HC
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The Last DDT
TIOL DDT 3002, December 30, 2016
SCNs Issued by DRI - To Remain in Call Book
TIOL DDT 3001,
December 29, 2016
DDT is 3000
TIOL DDT 3000,
December 28, 2016
Credit Card - Service Tax on interest portion? - Payable - Board confirms
TIOL DDT 2999,
December 27, 2016
Detention by Customs/DRI - No fault of importer - Demurrage and Shipping Line Charges to be paid by Customs/DRI - Cost Imposed
TIOL DDT 2998,
December 26, 2016
Payment of Tax can be made with Old Currency
TIOL DDT 2997,
December 23, 2016
Anti Dumping Duty on Soda Ash - Notifications Rescinded, but ADD to Continue till High Court Decides the Matter - Government @ speed of Light
TIOL DDT 2996,
December 22, 2016
Current Financial Year 2016-17 is not Conventional Year - FM
TIOL DDT 2995,
December 21, 2016
Service Tax - Online Invoice without Digital Signature
TIOL DDT 2994,
December 20, 2016
Black Money Tax
TIOL DDT 2993, December 19, 2016
RBI Restrictions on Withdrawal from Banks
TIOL DDT 2992, December 16, 2016
Income Tax - Due Date for Payment of Advance Tax Should be Extended in TN
TIOL DDT 2991, December 15, 2016
Less Cash - Less Corruption, Less Tax Evasion
TIOL DDT 2990, December 14, 2016
GST Bills Have to Wait for Next Session of Parliament
TIOL DDT 2989, December 13, 2016
Card Transaction - Service Tax Exemption
TIOL DDT 2988, December 09, 2016
Deposits in Jan Dhan Accounts Not Alarming - Income Tax Department
TIOL DDT 2987, December 08, 2016
Taxpayers and professionals have not been able to keep up pace with IT changes of I-T Department
TIOL DDT 2986, December 07, 2016
Payment by Government Departments through e-payment
TIOL DDT 2985, December 06, 2016
Elusive Power Sharing Agreement - No GST on 1st April 2017?
TIOL DDT 2984,
December 05, 2016
No limit on holding of gold jewellery or ornaments provided it is acquired from explained sources of income including inheritance
TIOL DDT 2983,
December 02, 2016
12 Years of DDT
TIOL DDT 2982, December 01, 2016