News Update

GSTN activates functionality to file quarterly GSTR-1 returns for taxpayers having less than Rs 1.5 Cr turnoverCBEC Chairperson asks for expediting work relating to division of taxpayers; verification of transitional credit claims & timely revenue analysisWidespread tax evasion compelled GST Council to advance e-Way Bill: Sushil ModiGuwahati DRI nabs three persons with gold bars worth Rs 2.4 CroreGST - If ownership of imported goods kept in bonded warehouse is transferred, such transaction to be liable to IGST, clarifies CBECAP CM to position his State as Education HubUS taxpayers not hopeful of decline in taxes next year: PollsSC orders re-examination of 349 FDC medicines such as Corex Cough syrup + Vicks Action 500e-Way Bill - GST Council decides to notify it from Feb 1, 2018 on Inter-State movement of goodsIncome tax - Figures mentioned in loose sheet cannot be automatically treated as incriminating material, for initiating reopening: ITATCX - Revenue failing to cause enquiry to ascertain truth from IT Dept. regarding seizure of document shall not debar appellant from respective claim of CENVAT credit: CESTATFM urged to hike TDS limit for bank interest and extend date of Masala Bond TDSNewsprint publications - UP tops tally; followed by MaharashtraUnion Cabinet clears bill to substitute MCI Act to regulate 40% seats even in private medical collegesExports picks up in Nov but trade deficit also swells between Apr-NovDebit Card Payment - Govt to reimburse banks MDR charges on transactions upto Rs 2KGovt has fixed ceiling prices of 849 medicines so far: MandaviyaConsumer Helpline receives over 3 lakh plaints relating to e-commerce, banking, insurance, telecom and real estate sectorsNovember exports gallops @30.5% in Dollar termsPre-Budget Meet - Bankers urge FM to hike TDS limit of bank interest from Rs 10KCabinet okays proposal to reimburse banks MDR charges for debit card payments upto Rs 2000Cabinet approves subsidy to industrial units located in N-ECabinet okays UNESCO's Training Centre for Operational Oceanography in HyderabadCabinet okays special package for employment generation in leather & footwear sectorsCabinet okays 2nd financial restructuring proposal of Konkan Railway Corporation Limited (See 'TOG News')Cabinet nod to subsidize MDR charges on digital payments (See 'TOG News')Govt substantially reduces tariff value of gold, silver and edible oilsGST - Nebulous state of affairs - Court fully justified in initiating action for contempt, however, considering sensitivity of matter, is inclined to give one more opportunity to respondent to consider representations and pass orders: HCPM to launch 60MW Tuirial Hydro Power Project tomorrow
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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
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