News Update

Income tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT

MESSAGE BOARD

   

GST Revenue collections again surpass Rs 1 lakh crore mark; 76 lakh GSTR 3B filed


gst collections a myth or a mirror or fact

ye sab figures hain sir. fact kuch aur hai. last 21 days men jo bhi paisa aaya hai usmen se 3B ke sath paisa yani actual paid tax 60 ya 70 % hi hai kyonki baki sab advance bolkar cash ledger men bharwaya gaya hai. wo paid tax nahi hai., jab tak ki return file nahi ho jata. so figures wrong hain.logon ke refund pending hain abhi , tribunals aur appeals level par bhi bahut amounts refund pending hain , kya ye collection ko kam nahi kartey.secondly jo abhi non filers ki list men chor chupey hue baithe hain unse aur collection aana tha wo gair jimmedar machinery ki wazah se nahi aaya aur wo collection nahi hua jo ki hona chahiye tha. uska kya.bahut badi tadad men experienced officers machinery se aapne pichle 1.5 tears se bar bar faltu ke parameters par based verification karwaye hain,(why 95% payment from credits, why 3B and 1 not matching, tran -1 matching, bla bla bla)

usmen jo desh ka waqt jaya hua uski valuation man hours men kijiye jitna recover kar paye uski tulna men.

refund sanction aur disbursement ki rate 3-5% fixed rahi uska kya. 2000 ke note men rishwat dena asan hua. but why pm saab will be concerned.

Navin Khandelwal 01/04/2019

 

Back

AR not Afar by SK Rahman

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023