News Update

CX - Issue which is raised before the Bench pertains to an order relating to the rate of duty of excise - In the light of statutory embargo laid down in s.35G(1), appeals are not maintainable: HCIndia, EU to work together at COP26GST - Petitioner is made to run from pillar to post only because data of IGST refund is not transmitted from GSTN to ICEGATE - That is not petitioner's problem - Refund to be granted along with interest @9% and costs of Rs.25000/-: HCIndia Internet Governance Forum to be held in Nov 2021GST - Respondent had scrupulously followed s.75(4) but it was the appellant who chose not to avail the opportunities of personal hearing - no violations of principles of natural justice: HCMoS felicitates toppers of Civil Services Exam 2020US also successfully tests Hypersonic missile techSales tax dues cannot be recovered against a private limited company by attaching personal property belonging to company's Managing Director : HCEU leaders support sanctions proposal against Poland over violation of rule of lawNITI Aayog's Atal Mission launches digi-book 'Innovations for You'China turns angry eyeball towards business publication; removes Caixin from Internet Regulator’s listCX - Till 2016 amendment, it was the option of assessee either to avail entire credit in one unit or to distribute in their different units therefore, taking credit in one unit is not illegal or wrong: CESTATGovt notifies Gold Bond Scheme 2021-22; Scheme to have distinct series for every trancheI-T - Error of stating tax payable as total income, when filing ITR, does not amount to concealment of income or furnishing inaccurate particulars of income : HCRBI amends Regulations for debt instruments to define InvIT and REITI-T - Order passed by NFAC is unsustainable where assessee is not given personal hearing & replies to SCN are not considered: HCCOVID-19: Daily caseload climbs to 4.5 lakh, globally + death count rockets beyond 7100 including 232 in India & 115 in UKI-T - Purchases made against cash cannot be deemed to be bogus based on presumptions alone : HCKerala to receive fresh rains; At least 65 killed in Uttarakhand floodsI-T - Term 'put to use' in proviso to sec. 36(1)(iii) is applicable to capital asset & income-earning apparatus facilitating business activity : HCIndia finalising guidelines to export refurbished weapons to friendly nationsI-T - Since difference in valuation between value determined by stamp duty authority and declared as sale consideration is less than 10%, no addition is warranted u/s. 56(2)(vii)(b)(ii) : ITATG20 fails to agree on phasing out coalI-T - AO's order that does not reflect proof of enquiry of proposed disallowance can be set aside u/s 263 as being erroneous and prejudicial to interest of revenue :ITATWHO says over 1.8 lakh doctors may have succumbed to COVID-19I-T - Interest income earned by co-operative society from co-operative bank is allowed as deduction u/s 80P(2)(d) : ITATGoogle trims subscription fee for Play Store to 15% from Jan 2022I-T - AO's order, passed after conducting necessary enquiries and considering entire material available on record, cannot be set aside u/s 263 as being erroneous and prejudicial to interest of revenue : ITATDelta’s sub-variant AY.4.2 turns out to be more transmissible, says RussiaNext Pandemic knocking on Door! A Siren in Time would certainly save Nine!
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
NEW DELHI

NOTIFICATION NO

1/2021-Compensation Cess (Rate), Dated: September 30, 2021

In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720(E), dated the 28th June, 2017, namely:-

In the said notification, in the Schedule, after S. No. 4A and the entries relating thereto, the following S. No. and the entries shall be inserted, namely: -

"4B 2202 Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice. 12%";

2. This notification shall come into force on the 1st day of October, 2021.

[F.No.190354/206/2021-TRU]

(Rajeev Ranjan)
Under Secretary to the Government of India

Note: - The principal notification No.1/2017-Compensation Cess (Rate) dated the 28th day of June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 720(E), dated the 28th day of June, 2017, and was last amended vide notification No. 2/2019-Compensation Cess (Rate), dated the 30th day of September, 2019, published vide number G.S.R.707(E), dated the 30th day of September, 2019.