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India’s RuPay card launched in Maldives US Court orders Google to welcome rival App stores US to sell lightweight torpedoes worth USD 175 mn to India Lawyers, wife not to have access to Imran Khan over security concerns Hurricane Milton turns into Category 5 storm UK sets up Regulatory Innovation Office to spur growth Mexican mayor killed days after assuming office CBDT invites inputs for comprehensive review of Income-tax Act Adani Group negotiating takeover deal with Heidelberg’s cement India-UAE BIT comes into effect Nobel Prized in medicine for 2024 goes to American scientists for microRNA discovery SAI to develop National Centre of Sports Excellence in Mumbai Vietnam Q3 GDP spirals by 7.4%Rs 1,000 cr earmarked for Venture Fund to Space StartUps, says Minister I-T - Capital gains u/s 50 arising out of sale of long term capital assets, shall be taxable at 20% rate u/s 112: ITAT SB Is it 'plant and machinery' or 'plant or machinery'?Undervaluation of Imported Aluminium Scrap (Part 3 of series)Indian solar suppliers substitute tossed out Chinese players in US supply line Privacy in Peril: Have We Forgotten Our Rights?New Trumpian threat: 200% tariff on vehicles imported from Mexico I-T- Writ petition filed before exercising option of rectification petition, is premature: HC RG Kar case: 10 Docs aligned to former Principal tossed out of hospital

MESSAGE BOARD

CENVAT credit time limit - is it a 'reasonable' restriction?

Section 37 2 xiiia of CEA, 1944 allows it

We feel in view of powers available to the Central Government under Section 37 (2) (xiiia) said time limit can be imposed under Cenvat Credit Rules, 2004 viz

(xiiia) provide for withdrawal of facilities or imposition of restrictions (including restrictions on utilisation of CENVAT credit) on manufacturer or exporter or suspension of registration of dealer, for dealing with evasion of duty or misuse of CENVAT credit. Netizens may share their views.

Punit Gupta 09/12/2014

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Mr Larry Summers, Former US Treasury Secretary addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.

October 07, 2024 | New Delhi

CBDT invites inputs for comprehensive review of Income-tax Act

October 07, 2024 | New Delhi

India-UAE BIT comes into effect

October 07, 2024 | Mumbai

SAI to develop National Centre of Sports Excellence in Mumbai

October 07, 2024 | New Delhi

Rs 1,000 cr earmarked for Venture Fund to Space StartUps, says Minister

October 07, 2024

Undervaluation of Imported Aluminium Scrap (Part 3 of series)

September 09, 2024

Undervaluation of Imported Aluminium Scrap

VISION 360 - September 2024

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

September 2024 Edition

Dr. C. Rangarajan, former Governor of RBI, addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.

October 07, 2024

DTAA - India-Ireland treaty exempts aircraft leasing activity from taxation; revenue arising therefrom not treatable as royalty; provisions of DTAA supersede those of I-T Act insofar as they are beneficial to assessee: HC

October 04, 2024

INTL - Rule 128(9) of I-T Rules 1962 does not provide for disallowance of FTC in case of delay in filing of Form 67, as the same is not mandatory, but a directory requirement & DTAA over-rides provision of I-T Act & the Rules: ITAT

October 07, 2024

Cr P C-Precedent of another case alone shall not be basis for either grant or refusal of bail irrespective of nature and gravity of charge, though it may have bearing on principle: HC

October 07, 2024

PMLA, 2002 - Sezied documents which are relied upon documents in police case cannot be released by Court: Tribunal

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