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
Untitled Document

THE ICE CUBES

By Naresh Minocha

Taxindiaonline.comt

Mr PM, assess your Gujarat campaign on four touchstones Enact Code for Political Discourse & Drama
December 13, 2017
TIOL-ICE CUBES 280
Introspect over Irrational Exuberance over Moody's Mood Swing
November 22, 2017
TIOL-ICE CUBES 279
Don't Overlook Article 35A as J&K's Chicken-or-Egg First Riddle
November 03, 2017
TIOL-ICE CUBES 278
Pessimism Vs Optimism Discourse Shouldn't cloud Reality
October 14, 2017
TIOL-ICE CUBES 277
Economic Stimulus as Smokescreen for Crony Capitalism?
Published: September 29, 2017
TIOL-ICE CUBES 276
Unveil Industrial Policy to Promote Unhindered, Efficient Production
Published: September 06, 2017
TIOL-ICE CUBES 275
Forgotten Pledges; Broken Dreams - Yehi Hai India!
Published: August 18, 2017
TIOL-ICE CUBES 274
Has ' Transforming India ' lost its Inspirational Magic
Published: August 02, 2017
TIOL-ICE CUBES 273
Modi Govt shouldn't thump chest with conjured or dubious data
Published: July 17, 2017
TIOL-ICE CUBES 272
Don't Butcher National Interests by Creating Emergency Phobia
Published: July 01, 2017
TIOL-ICE CUBES 271
Modi Govt muddles up Vodafone retrospective tax case
Published: June 16, 2017
TIOL-ICE CUBES 270
India's Anti-corruption Deficit Shines at World Stage
Published: May 31, 2017
TIOL-ICE CUBES 269
Environment (Protection) Act is Perfect Ass!
Published: May 17, 2017
TIOL-ICE CUBES 268
Check what will be missing from NDA's 3rd yr Report Card
Published:April 29, 2017
TIOL-ICE CUBES 267
Will India let digital tax swindlers have a free run under digi-dhan?
Published:April 13, 2017
TIOL-ICE CUBES 266
Debate Impact of Fiscal Responsibility with Opacity & Zero Accountability
Published: March 29, 2017
TIOL-ICE CUBES 265

Demonetization & GDP Politics should lead to statistical reforms
Published: March 15, 2017
TIOL-ICE CUBES 264

Govt's limitation in demonetization analytics should rekindle tax reforms
Published: February 22, 2017
TIOL-ICE CUBES 263
Transform NGOs-linked Spoils System into Credible Public Welfare
Published: January 31, 2017
TIOL-ICE CUBES 262
Modiji, Please walk the talk on Corruption
Published: January 17, 2017
TIOL-ICE CUBES 261
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