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Wednesday , October 1, 2014 | Updated : Oct 1, 15:43 IST
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NEWS FLASH
 
CBEC notifies Customs exchange rates effective from Oct 02 (See NT 96 in 'What’s New') India, USA decide to set up high-level working group on IPR ST - Service tax is not payable on value of interest received on bill discounting facility extended by Appellant to its Customers as same is exempted in terms of Notfn. 29/2004-ST: CESTAT (See 'Breaking News') Long holidays force CBDT to extend due date for deposit of TDS to Oct 10 (See 'What's New') CENVAT Credit of ST paid on outward transport - Delivery of goods at buyer's premises - Credit is not admissible of freight charges as they are not integral part of price of goods: HC (See 'Breaking News') CBEC Action Plan to evolve Non-adversarial indirect tax administration (See 'DDT' Column) Vigilance Commissioner Rajiv gets Addl charge of CVC Income tax - Whether penalty is warranted even in case where tax is paid to buy peace with the Revenue - NO: HC (See 'Breaking News') Apotex Judgment and Scope of Rule 14 of CCR, 2004 (See 'ST se GST tak' Column) ST - Services provided of overall management and administration for Sahara's Aamby Valley project is correctly classifiable under category of Consulting Engineer Service & not under Real Estate Agent - Revenue appeal dismissed: CESTAT (See 'Breaking News') Board of Approval for SEZs Cancels Approvals (See 'DDT') I-T - Whether security deposit received from sister concern can be assessed u/s 2(22)(e) when such deposit was a business transaction: HC (See ‘2014-TIOL-1713’) OECD looking for Senior Advisor for Tax Inspectors Without Borders Project OMCs reduce petrol price by 65 paise per litre Hope of Revival - Core Sector grows by 5.8% in August Obama, Modi resolve to take bilateral ties to new high CBDT orders local transfers of Addl/JCITs (See 'Transfer' in Pitara) CBEC reduces tariff value of gold & silver (See 'NT 95' in What's New) Govt imposes definitive anti-dumping duty on phenol (See 'Not 43' in What's New) Centralized Processing Center of Income Tax becomes ISO-27001:2005 compliant (See 'Mixed Buzz') Govt sets up Task Force to lay roadmap for upgradation of existing agencies & establishment of new agencies like FSAT and FDMC ST - Main activity of C&F agent is that he receives the despatch orders and arranges clearance of the goods in terms of the directions of principal – since the appellant is free to sell goods to his customers he cannot be said to be working as C&F agent of the principal: CESTAT (See 'Breaking News') 'Make in India' should be scaled up into 'First Develop India' duty for all (See 'TIOL Edit') Gujarat Cadre suspended IPS officer Pradeep Sharma arrested in alleged corruption case As expected RBI keeps repo rate unchanged; says Inflation continues to be a concern ST - Broadcasting - Merely because payment is made in FC, nature of taxable event does not change - So long as any activity in relation to selling of time slots or obtaining sponsorships is undertaken, liability to pay tax is attracted: CESTAT (See 'Breaking News') Service Tax on Electricity, Water and Diesel Charges (See 'DDT' Column) Leave a Note for your Successor - PM tells Babus (See ‘DDT’)
 
   
DDT (Daily Dose of Taxation)

CBEC Action Plan to evolve Non-adversarial indirect tax administration

With VIJAY KUMAR

CBEC Action Plan to evolve Non-adversarial indirect tax administration
Published: October 01, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 29 NT 96 Cir 09
ADD
:
43 Inst: 08 SG: 03
EX
:
Not 08-20 NT 27-29 Cir 985
S.TAX
:
Not 20-22 Order Cir 179
I-T
:
Not 46 Cir 12-13 Press Note
DGFT
:
Not 93-94 PN 71 Cir 13
RBI
:
Cir 34    
BREAKING NEWS

Kolkata, October 01
ST - Service tax is not payable on value of interest received on bill discounting facility extended by Appellant to its Customers as same is exempted in terms of Notfn. 29/2004-ST: CESTAT

Bilaspur, October 01
CENVAT Credit of Service Tax paid on outward transport - Delivery of goods at buyer's premises - Credit is not admissible of freight charges as they are not integral part of price of goods: HC

Hyderabad, October 01
Income tax - Whether penalty is warranted even in case where tax is paid to buy peace with the Revenue - NO: HC

Mumbai, October 01
ST - Services provided of overall management and administration for Aamby Valley project is correctly classifiable under category of Consulting Engineer Service & not under Real Estate Agent - Revenue appeal dismissed: CESTAT

New Delhi, September 30
ST - Main activity of agent is that he receives despatch orders & arranges clearance of goods on directions of principal - since appellant is free to sell goods to customers he cannot be said to be working as C&F agent: CESTAT

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

Reopening was held as valid by CIT (A) on basis of binding HC decision. Later on SC reversed HC decision on power to reopen. Whether reopening which was valid on basis of HC decision would become invalid after SC decision.

Published: September 29, 2014

Post Answer »
THE COB (WEB)
'Trivialising' Tribunalised Justice!by SHAILENDRA KUMAR

'Trivialising' Tribunalised Justice!
Published: September 25, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
'Make in India' should be scaled up into 'First Develop India' duty for all by TIOL EDIT TEAM

'Make in India' should be scaled up into 'First Develop India' duty for all

Published: September 30, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Mr Modi, is this Smart Governance or Marginal Governance?

Mr Modi, is this Smart Governance or Marginal Governance?
Published: September 24, 2014

View previous ICE CUBEs »

GUEST COLUMN

Distraint order - whether it is fair? by RENGARAJ K

Distraint order - whether it is fair?
Published: September 29, 2014

View previous Guest Column(s);

ST se GST tak

Apotex Judgment and Scope of Rule 14 of CCR, 2004  by B N GURURAJ

Apotex Judgment and Scope of Rule 14 of CCR, 2004
Published: October 01, 2014

View previous ST se GST tak(s)»

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

 
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