News Update

Revenue Secretary stands by 5% GST levy on hospital room rent above Rs 5000 per dayRace for India’s Vice-President’s post begins with 5 nomination papers being filed on day oneNational Food Security Act - Odisha, UP & Andhra top 3 in implementationFrench aircraft engine maker SAFRAN to set up repair & overhaul facility in IndiaRupee continues to slide against US Dollar - pauses at 79.36India to mop up windfall tax revenue of over Rs 95K Crore, says Moody’sRecord number of Chinese have sought asylum abroad after crowning of Xi Jinping: ReportST - Merely because there was no pre-consultation as per 2017 MasterCircular, it cannot be said that proceedings are bad: HCST - Reasoning of Supreme Court in Sayed Ali and in Canon India Pvt Ltd cannot be imported in the context of CEA, 1944 and/or FA, 1994: HCST - Notification 22/2014-ST is to be read in conjunction with 38/2001-CE (N.T) - argument that officer of DGCEI is not 'Central Excise Officer' and cannot exercise function Pan India cannot be accepted: HCST - Challenge to proceedings on ground of limitation involves disputed questions of facts,therefore, these issues are best left to be adjudicated by CEX Officer: HCGST - Division of single tender to answer particular situations and ignore other will not be the right way to go forward - AAR refuses to answer questions raised by applicant: AARGST - Nominal cost which is recovered from salary as deferred payment for canteen facility provided by third party is 'consideration' for the supply and GST is liable to be paid: AARMumbai roads, like Sydney, become river beds; Landslides reported from GhatkoparBad weather leads to suspension of Amarnath YatraI-T - Re-assessment is unsustainable where assessee's omission to make full & true disclosure is not established: HCGovt extends Customs duty benefits to all goods under Chapter Heading 5201 till Oct 31, 2022 + also extends excise duty benefits to ethanol-blended petrolI-T - Re-assessment is not tenable when based on change of opinion or if there is no omission of assessee to make full & true disclosure of facts: HCPM says India is not merely a part of Industrial Revolution 4.0 but actually leading itOffshore investors are on toes; suck over USD 33 bn from Indian stocks in last 9 monthsPM to lay bricks for Rs 1800 Cr projects in Varanasi on ThursdaySpain seizes underwater drug-smuggling drones dispatched from MoroccoCBIC issues promotion-cum-posting order of 17 Chief Commissioners + transfer order of 298 AC / DCs
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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