News Update

GST - Centre releases compensation amount to States for Dec, Jan & Feb months - Rs 36400 CrMHA bans entry of 2550 foreign Tablighi jamaat members into India for 10 yearsWaiver of interest on loans during moratorium - SC issues notice to MoFCBIC notifies exchange rates for import & export purposes w.e.f June 05, 2020The TRAN-1 mess - Stage set for a 'do or die' battle - Part IIICOVID-19 - Global tally soars to 65.89 lakhs with 3.89 lakh deaths - 1.09 lakh in US; 33K in Brazil; close to 40K in UK; Close to 9K in Germany; 4.9K in Peru; 29K in France & 12K in MexicoValuation of goods specified in the Seventh schedule (See '')India’s Defence Secretary tests COVID-19 positive; Over 9300 cases detected in last 24 hoursIndian Economy in ICU! - Like COVID-19, 'Vaccine' missing to bring it back to Life!Power of revision need not be exercised where original assessment order is neither erroneous nor prejudicial to Revenue's interests: ITATAddition cannot be made in assessee's hands due to fraudulent nature of transaction entered into by other parties: ITATPenalty notice issued in general proforma, without application of mind & not specifying exact charges against noticee, is unsustainable: ITATNo question of giving up USD 5 tn dream; Cabinet sets up EGoS for investmentsCX - Clandestine removal - No demand can be sustained solely on the basis of privately maintained, third party records: CESTATCabinet okays Ordinance to promote barrier-free inter-state trade in agri produceCabinet nod for Pharmacopoeia Commission as part of AYUSHCabinet renames Kolkata Port Trust as Syama Prasad Mookerjee TrustMSME new definition & criterion to come into effect from July 1CBIC extends validity of AEO certification till June 30When GST came calling...

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