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Wednesday , September 17, 2014 | Updated : Sep 17, 18:55 IST
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NEWS FLASH
 
DGFT notifies New SION rates for many food products (See PN in ‘What’s New’) Lucknow CBN seizes heroin; nabs one person ST - Surface transportation charges, on which service tax is demanded, has been shown in invoices as part of sale value of coal and on value including transportation charges, applicant has discharged CE duty as well as sales tax - sale value cannot be charged to ST: CESTAT (See 'Breaking News') Govt imposes anti-dumping duty on ‘electrical insulators of glass or ceramics or porcelain' (See Notification 40 in 'What's New') Gilead Sciences Inc inks pacts with 7 Indian Pharma Cos to manufacturer Sofobuvir Today is PM's B'Day; turns 64; Xi Jinping wishes him on this occasion I-T - Whether insertion of provisio to Sec 113 to levy surcharge in case of block assessment can be said to be clarificatory in nature and thereby having retro effect - NO: Supreme Court Constitution Bench (See 'Breaking News') CE/Customs/Service Tax - New Appeal Provisions - CBEC issues clarifications - Additional 10 percent for second appeal; No recovery during the pendency of appeal (See 'DDT' Column) ST - CENVAT credit is admissible on towers and cabins used by appellant as Passive Telecom Infrastructure for providing output service namely 'Business Auxiliary Service': CESTAT (See 'Breaking News') Better management of Suspicious Transaction Reports - CBDT invites suggestions from Departmental Officers (See 'DDT') I-T - Whether interest received on account of enhanced compensation of acquired property is liable for taxation in year of receipt- YES: SC (See 'Breaking News') Cadre Review - CBEC Notifies Jurisdiction of Officers (See 'DDT') CENVAT - Lower authorities have not understood provisions of CENVAT Rules in true spirit and, therefore, have denied credit - B/E in name of HO endorsed in name of appellant is a valid document for taking credit in terms of rule 9: CESTAT (See 'Breaking News') Govt decides to extend facilities available to a/c holders under PMJDY to existing a/c holders also (See 'Mixed Buzz') CBEC notifies New Jurisdictions as per Cadre Review; 15 Notifications issued - 9 in Customs + 3 in CX + 3 in ST; to be effective from October 15, 2014 CBI nabs Administrative Officer of Dehradun Income Tax accepting bribe ACC appoints Aruna Sundararajan as Administrator of USOF in DoT + Amarjeet Sinha as Addl Secy in Department of Higher Education Neemuch CBN seizes heroin; arrests two persons Return-filing by Companies: CBDT extends due date to Nov 30 for J & K (See 'Instruction' in Income Tax) Amendment in Appeal provisions made by Finance Act, 2014: CBEC issues detailed clarifications (See Cir 984 in 'What's New') CBDT issues local transfer order of 8 CITs (See 'Transfer' in Pitara) SEZ Rules - Telangana inserted in place of AP (See 'SEZ Notifications') ST - Appellant entered into contracts with Taj TV Ltd, Dubai to produce AV coverage of cricket match - activities undertaken by non-resident service providers falls within definition of 'programme' & are liable to pay ST: CESTAT India inks loan deal with ADB for USD 63 mn for improving urban services CCEA approves Scheme to augment competitiveness in Indian Capital Goods Sector (See 'Breaking News') North East Exemption - The 1999 notification and 2003 Retro Amendment - Issue with Commissioner (A) via Supreme Court (See 'DDT') India, Vietnam join hands for Mutual Assistance in Customs matters (See 'Mixed Buzz') ST - Construction of Mall & renting of Shops - CENVAT of ST paid on input services used in construction of immovable property would be available if such property is used for rendering other taxable services - Stay granted: CESTAT (See 'Breaking News') Kolkata Customs seizes gold bars and bangles worth Rs 1.75 Crore (See 'Mixed Buzz') I-T - Whether when assessee makes investments to pick up controlling stake in company after FIPB approval, entire expenditure related to such investment is to be attributed to earning of dividend, and warrants disallowance u/s 14A - NO: HC (See 'Breaking News') Companies (Corporate Social Responsibility Policy) Rules - Amended (See 'TIOL Library') CX - Aluminium dross and skimmings which arise as by-product in process of manufacture of aluminium products are 'manufactured' goods and hence excisable w.e.f. 10/05/2008 in view of Explanation added to Section 2(d): CESTAT Larger Bench (See 'Breaking News') Even if an order is in your favour, please read it carefully - otherwise you may lose what you have won (See 'DDT') PM takes stock of GST preparations; MoF to prepare CST compensation package for revenue loss to States
 
   
DDT (Daily Dose of Taxation)

CE/Customs/Service Tax - New Appeal Provisions - CBEC issues clarifications - Additional 10 percent for second appeal; No recovery during the pendency of appeal.

With VIJAY KUMAR

CE/Customs/Service Tax - New Appeal Provisions - CBEC issues clarifications - Additional 10 percent for second appeal; No recovery during the pendency of appeal
Published: September 17, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 26 NT 77-85 Cir 09
ADD
:
40 Inst: 08 SG: 03
EX
:
Not 08-20 NT 27-29 Cir 984
S.TAX
:
Not 20-22 Order Cir 178
I-T
:
Not 33 Cir 12-13  
DGFT
:
Not 90,91 PN 69 Cir 13
RBI
:
Cir 31    
BREAKING NEWS

Mumbai, September 17
ST - Surface transportation charges, on which service tax is demanded, has been shown in invoices as part of sale value of coal and on value including transportation charges, applicant has discharged CE duty as well as sales tax - sale value cannot be charged to ST: CESTAT

New Delhi, September 17
Income tax - Whether insertion of provisio to Sec 113 vide Finance Act, 2002 to levy surcharge in case of block assessment can be said to be clarificatory in nature and thereby having retro effect - NO: Supreme Court Constitution Bench

Mumbai, September 17
ST - CENVAT credit is admissible on towers and the cabins used by appellant as Passive Telecom Infrastructure for providing output service namely 'Business Auxiliary Service': CESTAT

New Delhi, September 17
Income tax - Whether interest received on account of enhanced compensation of acquired property by State is liable for taxation in year of receipt- YES: SC

Mumbai, September 17
CENVAT - Lower authorities have not understood provisions of CENVAT Rules in true spirit and, therefore, have denied credit - B/E in name of HO endorsed in name of appellant is a valid document for taking credit in terms of rule 9: CESTAT

MIXED BUZZ
XCuSE Updates
XCuSE
PUZZLE TO DAZZLE
Punit Vedby PUNIT PAVAN VED CA

Whether solatium under new land acquisition Act is taxable or is capital receipt.

Published: September 15, 2014

Post Answer »
THE COB (WEB)
Transfer Mis-Pricing & The Shrinking Fiscal Space in Indiaby SHAILENDRA KUMAR

Transfer Mis-Pricing & The Shrinking Fiscal Space in India
Published: September 11, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Give arbitration & conciliation reforms highest priority to spur growthby TIOL EDIT TEAM

Give arbitration & conciliation reforms highest priority to spur growth

Published: September 10, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Modi Govt should not let credibility deficit build up from word go

Modi Govt should not let credibility deficit build up from word go
Published: September 04, 2014

View previous ICE CUBEs »

GUEST COLUMN

Battle against counterfeiting - how countries across globe tackle it? by ARJUN BANERJEE

Battle against counterfeiting - how countries across globe tackle it?
Published: September 15, 2014

View previous Guest Column(s);

ST se GST tak

Computation of 'exempted value of services' for 'trading activity' - CBEC should interveneby S NARAYANAN

Computation of 'exempted value of services' for 'trading activity' - CBEC should intervene
Published: September 16, 2014

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

 
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