News Update

IMF MD Lagarde puts in papersCBDT says NO change in ITRs; More than 85 lakhs returns already filedBiswa Bhusan Harichandan & Sushri Anusuiya Uikey are appointed as Governor of AP & Chhattisgarh respectivelyRS passes bill to amend definition of 'major airports' from 1.5 mn pax to 3.5 mn paxExpenses incurred on pre-manufacture activities fall within purview of Sec 37(1) benefits: HCGST - DGGI arrests businessman in Rs 5 Crore ITC fraud caseMoU signed to develop Broadband Readiness IndexGovt closely monitoring Caesarean operations; Audit norms laid downCBIC finally issues AGT order of 190 Pr Commissioners & CommissionersFollow up in 532kg heroin seizure case - Amritsar Customs nabs lady accompliceIndia-UK to set up three bilateral working groupsInterest subvention received by applicant from Mercedes Benz India Pvt. Ltd. to reduce effective interest rate to final customer is chargeable to GST as a supply under SAC 9997 92: AARSpurt in incidents of wall collapse in Mumbai - 9 killed & many injured -Gear Motors is classifiable under CTH 8501 @18%: AARE-way bill, whether required to be generated - such issue is not within the ambit of the Authority - application rejected: AARProfit sharing agreement with various shareholders is an actionable claim - not taxable under GST: AARSupply of EPC contract to ISRO Propulsion Complex is a composite supply, a Works Contract - 45/2017-CTR inapplicable: AARSluggish growth in auto sector - Govt is 'aware', says MinisterShifting of transmission lines - ‘asset’ is not goods, no supply, hence no GST: AARLease agreement of immovable property for 99 years is classifiable under HSN 9972; attracts GST @18%: AARSupply of goods and services to the Centre for e-governance, Govt. of Karnataka is classifiable under HSN 998316; @18%GST: AARMembers in Rajya Sabha seek hike in coal royalty to StatesConducting conference, organising exhibition is composite supply, SAC 998596 - brand promotion SAC 998397 - ITC available on hotel accommodation, food & beverage supply, pick-up & drop: AARSurplus arising out of hostel business in providing facilities to students of educational institute run by charitable society, cannot be treated as business activity: ITATCX - Freight and insurance for manufactured goods delivered at the buyers premises - not includible in AV: CESTATProviding hostel & transport facilities to students by educational institute cannot be treated as 'business activity' u/s 11(4A): ITATAdditions are called for where books of accounts are rejected: ITATCAG's Audit Report on Entertainment Sector - An Overview (See 'THE TOG INSIGHT' in - Sale Discounts: Clarification or Confusion?