News Update

I-T - Advance deposit of Central Excise Duty through PLA constitutes ACTUAL payment of duty within meaning of Sec 43B: Supreme CourtGovt appoints MCA Secretary Injeti Srinivas as part time Member of SEBIGold Bond - Rs 50 discount per gram to continue at next subscription period between Nov 27 to 29Over 175 killed as terrorists open fire at Friday's prayer meeting at a mosque in EgyptIGST is to be levied on transfer of goods kept in Customs warehouse, clarifies CBEC4 killed & 11 injured in Vasco Da Gama-Patna derailment in UP1992 batch IPS officer Rupin Sharma appointed as DGP of NagalandWinter Session to discuss amendments in IBC, Indian Forest & GST Compensation BillsEPFO Board approves report on investment in equity & IT-enabled initiatiavesPMAY - About 31 lakh houses sanctioned So Far: PuriPMLA - Section 45 - Grant of bail depending upon a circumstance, which have nothing to do with offence of money laundering, violate both Articles 14 and 21 of Constitution: SCHC terms PIL seeking stay on release of 'Padmavati' as misconceivedI-T - Department should not deny waiver of interest claimed u/s 220(2A), merely because they have discharged statutory obligation of interest u/s 244(1A): HCAll smart phones to have GPS and panic button from Jan 1, 2018Tax-to-GDP ratio up for many OECD Members; Revenue from goods & services falls but personal income tax goes upTreading GST Path - XXXVIII - Inventory Write offCus - When facts are gross, to ensure refund of amount years later without interest would be doing injustice: HCCus - SCN was to finalise assessment only without any proposal to levy anti-dumping duty, therefore, order imposing ADD is without any basis: CESTATST - Except training or coaching falling in exclusion category, all training or coaching falls under definition of Commercial training or Coaching service: CESTATGovt amends Rules to make it mandatory for mobile handset manufacturers to provide GPS and panic button in all smart phones from Jan 1, 2018SC rules Bombay HC judge to supervise auction of Aamby ValleyGovt says NO proposal to withdraw bank cheque facility in near futureCentral Excise Appeal Rules amended to notify jurisdiction for revision applicationSection 45(1) of PMLA, 2002, insofar as it imposes two further conditions for release on bail, held unconstitutional: Supreme CourtCBEC promotes Ramavath Srinivasa Naik as Commissioner; issues transfer order of 10 officersParliament - Winter Session likely to be between Dec 15 to Jan 5 with a recess of 10 daysEPFO eases rules for Pensioners in submitting Jeevan ParmaanOrdinance to amend Insolvency and Bankruptcy Code, 2016 promulgated (See 'www.tiolcorplaws.com')E-Rickshaw is not a Powered cycle rickshaw GST evasion? (See 'TOG Insight' in Taxongo.com)GST - Consumers cry for mercy!