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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Parliament should periodically debate CAG reports
Published: December 23, 2016
Invoke Cooperative Federalism to Check Tax Uncertainty
Published: December 02, 2016
Piecemeal initiatives like Demonetisation can't kill black money & bribery
Published: November 11, 2016
Policy makers in debt-stressed nations should act on IMF's recipe
Published: October 20, 2016
Rail Budget merger without holistic reforms implies window-dressing
Published: September 28, 2016
Fast-track enactment & enforcement of anti-corruption laws
Published: September 02, 2016
Pool CAG's compliance audit findings into State of Governance Report
Published: August 13, 2016
Shed inertia over public debt reforms
Published: July 28, 2016
Manage PM-defined 'personal Sector' By Monitoring Mudra & Its Ilk
Published: July 13, 2016
Revenue Deptt. can do wonders if it follows PM's RAPID mantra
Published: June 22, 2016
Capital Good Policy Execution can make or mar or #Make In India
Published: June 03, 2016
Smugness over pace & direction of Fiscal Reforms not good for growth
Published: May 13, 2016
Galloping wilful defaulters mock at Indian banking sector
Published: May 06, 2016
Panama Papers give timely stimulus to global tax cooperation
Published: April 20, 2016
Modi Govt to shift gears from incremental reforms to innovative ones
Published: April 03, 2016
India needs Transformational Agenda to check revenue leakages
Published: March 16, 2016
Manage NPAs through a multi-facet approach
Published: February 26, 2016
Budget should fresh light on GAAR and BEPS
Published: February 10, 2016
Substitute piecemeal approach with a composite one to fuel growth
Published: January 24, 2016
Substitute piecemeal approach with a composite one to fuel growth
Published: January 08, 2016