News Update

Ordinance to amend Insolvency and Bankruptcy Code, 2016 promulgated (See 'www.tiolcorplaws.com')EPFO eases rules for Pensioners in submitting Jeevan ParmaanE-Rickshaw is not a Powered cycle rickshaw GST evasion? (See 'TOG Insight' in Taxongo.com)GST - Consumers cry for mercy!I-T - After amendment of 1989 AO is empowered to reopen assessment when order is reasoned and assessee is free to challenge it: HCI-T - Non-recognition of vocational courses by any Board of education, is no basis to deny exemption u/s 11 to those who teach such courses to poor women: ITATBIS needs to use best technology in its labs: PaswanEvery reform must have a human face: Vice President NaiduST - Valuation Rules, 2006 were not for exempting any portion of value, which is otherwise taxable under Section 67 of FA, 1994: CESTATCompetition Law amended to exempt oil & gas CPSEsCX Since principal manufacturer, after receipt of goods from appellant did not clear his final products on payment of duty, benefit of job work notification No. 214/86 will not be available to appellant: CESTATCabinet okays Ordinance to amend IBC to debar wilful defaulters from taking over insolvent entitiesGovt reconstitutes Central Board of Trustees by including member of All India Union CongressIndia test-fires Brahmos missile from Su-30MKI fighter planesIndian President's House to remain open for public for 4 days a weekColour-coated aluminium foil excluded from levy of anti-dumping duty - CBEC asks Customs to follow itCommittee set up to draft New DTC CodeCabinet nod to continuing IICA scheme till 2019-20 (See TIOLCORPLAWS.COM)Govt sets up Committee to draft New Direct Tax Code with Arbind Modi as ConvenerGST - No tax on inter-State movement of rigs, tools and cranes but tax leviable on repair + CBEC clarifies idols made of terracotta to attract NIL rateUnion Cabinet approves setting up of 15th Finance CommissionCabinet okays India-Philippines Pact for Customs CooperationCabinet approves Wage Policy for workmen in CPSEsCabinet approves expansion of umbrella scheme for women empowerment


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