Taxindiaonline.com
Taxindiaonline.com Taxindiaonline.com TIOL Tube Taxindiainternational.com
 
LOGIN
Forgot Password |  Register  
Thursday , September 1, 2016 | Updated : Sep 1, 10:59 IST
Income Tax    Customs    Excise    Service Tax    FEMA    DGFT    SEZ    Misc    Pitara    Budget   
About Us Contact Us Advertise
Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com
 
 
NEWS FLASH
 
Hasty Implementation of GST may end up 'eating up' Small & Tiny Businesses! (See 'The Cob (Web)' Column) I-T - Whether if assessee is loan recovery agent, such income can be taxed only if it accures & accrual takes place only in year in which sum recovered is in excess of sum payable to buyers of loan portfolio - YES: HC (See 'Breaking News') Janaki Arun Kumar gets additional charge of Chennai Central Excise & Valuation goes to Wilson Hanshing (See 'Service News' in Pitara) Intra Court of Appeal in Supreme Court? (See 'DDT' Column) ST - It is common sense that there is no separate legal status of proprietary concern - rejection of refund claim on ground that claim was made by firm whereas ST was paid by Proprietor is serious error: CESTAT (See 'Breaking News') Treading the GST Path-III - Certain snippets on ITC (See 'ST se GST tak') Import of car is restricted & therefore, importer should have obtained licence from Ministry of Commerce or fulfilled conditions of Notfn. 4/97-2002 - confiscation & imposition of penalty is proper: CESTAT (See 'Breaking News') MoF not perturbed by decline in GDP growth in Q1 (See 'Mixed Buzz') FTP - export of articles of apparel - Special Advance Authorization Scheme(See 'DDT') ST - Since principal manufacturer is clearing 'Jute Loom Machine Assembly' manufactured on job work by applicant @ Nil rate of CE duty by availing benefit of Notfn 12/2012, benefit of notfn 25/2012-ST cannot be extended to applicant: AAR (See 'Breaking News') Rebate of State Levies on Export of Garments - Implementation by CBEC reg. (See 'Cir-43' in What's New) GDP growth decelerates to 7.1% during April-June quarter OMCs hike petrol price by Rs 3.38 a litre; diesel by 2.67 a litre Governor of Maharashtra & Governor of Gujarat get addl charge of TN & MP respectively Competition Commission imposes huge penalties on 10 cement companies for cartelisation; Rs 398 Crore penalty on Shree Cement (See 'Legal Desk' in www.tiolcorplaw.com) Cabinet okays dissolution of Central Inland Water Transport Corp Ltd CBEC hikes tariff value of edible oils across the board but reduces same for gold and silver (See 'NT-118' in What's New) Core Sector registers 3.2% growth led by energy sector in July ACC appoints three new Members of SAFEMA Tribunal - CBEC Member (Customs) B K Bansal; Anand Kishore, CCIT & Gopal Chandra Mishra from Indian Legal Service (See Orders in 'Service News') CIT, CPC, Bengaluru, gets concurrent powers over declarations made under IDS, 2016 (See 'Cir-31' in What's New) Shiv Sena tries to scare BJP; says Govt that went for GST never came back to power Goa is latest to do the needful; ratifies GST Bill Union Cabinet okays Initiatives to revive Construction Sector (See 'Mixed Buzz') Cabinet approves liberalisation of FDI Policy for various sectors (See 'Mixed Buzz') Cabinet approves redevelopment of Berths & Barge Berths at Mormugao Port (See 'Mixed Buzz') WB's Logistics Performance Index - India jumps 19 places to 35th rank (See 'Mixed Buzz') Cabinet briefed on MoU between CERT-In India and CERT-UK (See 'Mixed Buzz') Govt sets up Committee for disposing of representations against invocation of Rule 56(j) against income tax officers (See 'MISC' in Pitara) Reportable accounts - non-compliance with FATCA - FIs directed not to close bank accounts (See 'www.taxindiainterntional.com') ST - Refund - Rule 5 of CCR, 2004 - Turnover of services provided by branches located in South Africa and UK is to be excluded from 'export turnover' and the 'total turnover' of assessee - Appeals dismissed: CESTAT (See 'Breaking News') Taxpayers Electronic Interface with Income Tax Department (See 'DDT' Column) CX - Exemption - deemed to have been duty paid even without production of documents evidencing payment of duty thereon : No duty required to be paid: SC (See 'Breaking News') EC slaps Euro 13 billion tax demand on Apple; Cook says EU trying to rewrite history of Apple in Europe I-T - Whether it is open to Revenue to contend that as per Sec 11 of General Clauses Act, 1897, distance between agri land and municipal limit is to be measured, only in straight line or horizontal plane, when it is clear that there is no straight jacket formulae as per intent of the legislature - NO: HC (See 'Breaking News') GST - Full of Promises - Top Brass of North Block - but where is CBEC? (See 'DDT') CX - Clandestine removal of Textured Yarn - Appellant submitting that they had used duty paid POY for manufacture on which no CENVAT was availed and, therefore, they are entitled for benefit of Notfn. 6/2002 - no observation of lower authorities on evidentiary value of CA certificate - matter remanded: CESTAT (See 'Breaking News') GST - FICCI Wants GST to be administered by one authority alone and not by two (See 'DDT') Cus - Discussion & findings and operative portion of order are apparently contradictory - there is clear non-application of mind on part of Commissioner (A) - order set aside and matter remanded: CESTAT (See 'Breaking News') What is meaning of 'deemed to have been duty paid'? (See 'DDT') Revenue Secretary says GST implementation may be delayed by six months if Trade & Industry ask for it
 
   
Visit TIOLCorplaws.com
Fake Emails
DDT (Daily Dose of Taxation)

Intra Court of Appeal in Supreme Court?

With VIJAY KUMAR

Intra Court of Appeal in Supreme Court?
Published: September 01, 2016

View previous DDTs »

WHAT'S NEW
CUS
:
Not 46 NT 118 Cir 43
ADD
:
Not 46-47 SG 02 CVD01
EX
:
Not 32 NT 43 Cir 1045
S.TAX
:
Not 38 Cir 199  
I-T : Not 75 Cir 31
Inst
DGFT
:
Not 24 PN 26 Cir 01
RBI
:
Cir 02    
BREAKING NEWS

Ahmedabad, September 01
I-T - Whether if assessee is loan recovery agent, such income can be taxed only if it accures & accrual takes place only in year in which sum recovered is in excess of sum payable to buyers of loan portfolio - YES: HC

New Delhi, September 01
ST - Since principal manufacturer is clearing 'Jute Loom Machine Assembly' manufactured on job work by applicant @ Nil rate of CE duty by availing benefit of Notfn 12/2012, benefit of notfn 25/2012-ST cannot be extended to applicant: AAR

Mumbai, September 01
Cus - Import of car is restricted and, therefore, importer should have obtained licence from Ministry of Commerce or fulfilled conditions of Notfn. 4/97-2002 – confiscation of car and imposition of penalty is proper: CESTAT

Mumbai, September 01
ST - It is common sense that there is no separate legal status of proprietary concern - rejection of refund claim on ground that claim was made by firm whereas ST was paid by Proprietor is serious error: CESTAT

Mumbai, August 31
ST - Refund - Rule 5 of CCR, 2004 - Turnover of services provided by branches located in South Africa and UK is to be excluded from 'export turnover' and the 'total turnover' of assessee - Appeals dismissed: CESTAT

MIXED BUZZ

TIOL E-lite Update

TIOL TUBE SNIPPETS
Replies to these questions can be found by clicking on the text of these questions.
THE COB (WEB)

Hasty Implementation of GST may end up 'eating up' Small & Tiny Businesses!

by SHAILENDRA KUMAR

Hasty Implementation of GST may end up 'eating up' Small & Tiny Businesses!
Published: September 01, 2016

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Pool CAG's compliance audit findings into State of Governance Reportby TIOL EDIT TEAM

Pool CAG's compliance audit findings into State of Governance Report
Published: August 13, 2016

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Save India from Justice of Judges, by Judges & for Judges

Save India from Justice of Judges, by Judges & for Judges
Published: August 24, 2016

View previous ICE CUBEs »

GUEST COLUMN

GST may make 'Make in India' a dream in few sectorsby VIMAL PRUTHI

GST may make 'Make in India' a dream in few sectors
Published: August 29, 2016

View previous Guest Column(s) »

ST se GST tak

Treading the GST Path-III - Certain snippets on ITC by G NATARAJAN

Treading the GST Path-III - Certain snippets on ITC
Published: September 01, 2016

View previous All ST se GST tak(s) »

 
 
Download on the App Store
Get it on Google play
TIOL SEARCH
 
Visit TIOLCorplaws.com
TIOL Subscriptions
 All-In-One Package
 Indirect Tax Package
 Income Tax Package
<< More Packages>>
 
   
             
Income Tax Customs Excise Service Tax FEMA DGFT SEZ Misc Pitara Budget
  • Notifications
  • Circulars
  • Instructions
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Advance Ruling
  • Settlement
  • Other Cases
  • Directorate of Income Tax (Systems)
  • Reports
  • Customs Rules
  • Tariff Notfn
  • CVD
  • Non Tariff Notfn
  • Circulars
  • Anti-dumping Notfn
  • Safeguard Duty Notfn
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Advance Ruling
  • Settlement
  • Drawback Cases
  • MISC Circulars
  • CCRs - 2004
  • Central Excise Rules
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Advance Ruling
  • Cesses Notfications
  • Excise Amendment
  • MISC Circulars
  • 37B Order
  • Settlement
  • Commr.(A) Order
  • Tribunal
  • GST Kitty
  • Notifications
  • Service Tax Rules
  • 37B Order
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Miscellaneous
  • DIPP Notification
  • FDI Approved
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • RBI Circulars
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • PMLA Notifications
  • Depository Scheme
  • Press Note
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Acts
  • State Policy
  • MISC
  • SC Cases
  • HC Cases
  • VAT Cases
  • Miscellaneous
  • Service News
  • Promotion
  • Transfer
  • Deputation Posts
  • Cadre Review
  • Transfer Policy
  • Training Circulars
  • Recruitment Rules
  • Pay Commission
  • Service Cases
  • The Insider
  • MISC
  • Budget Speeches
  • Union Budgets
  • Economic Surveys
  • TRU - D. O. Letter
  • Finance Acts
  • Finance Bill
  • Budget Circular
  • A Taxindiaonline Website. Copyright © 2016 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension
    TIOLTube.com
    Subscribe TIOL Tube
    Legal Wrangle - Episode 45 (Corporate Law) 
    LATEST UPDATES FROM TIOL'S WEBSITE ON CORPLAWS
    Visit TIOLCorplaws.com