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Wednesday , August 24, 2016 | Updated : Aug 24, 08:38 IST
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ST - Appellant engaging services of foreigners - Since amounts paid by appellant to hotels and rent-a-cab services are actual expenses, these amounts cannot be considered as an amount which are to be taxed under reverse charge mechanism: CESTAT (See 'Breaking News') Cus - There is no time limit specified for exercise of option to redeem confiscated goods - Exercise of that option cannot, therefore, be denied at any stage and an appeal, even if pending, is not affected by exercise of such option: CESTAT (See 'Breaking News') Save India from Justice of Judges, by Judges & for Judges (See 'Ice Cubes') I-T - Whether when assessee port has not claimed status of local authority to claim exemption u/s 10(20), even then Explanation inserted w.e.f AY 2003-04 would apply to determine its status for assessment and tax rate applicable - NO: ITAT (See 'Breaking News') Cus – Rule 9 of Valuation Rules, 1998 does not confer blanket mandate to add value of elements of contract merely because supply of imported goods are covered in same contract : CESTAT (See 'Breaking News') Wealth Creation - China ranks second; India gets 7th & USA tops global tally: New World Wealth Report DIPP wants States to have own IPR Policy to promote innovation Education fuelling growth of services sector in India: Jaitley NGT imposes Rs 100 Cr fine on Panama-based shipper & its Qatar-based subsidiaries for oil spill off Mumbai coast Udaipur Declaration adopted for BRICS Disaster Risk Reduction FM asks MCA & MoF officials for quick action for implementation of Bankruptcy Code (See 'Mixed Buzz') Minister calls for '3A' approach towards fertiliser (See 'Mixed Buzz') Revision of Manual of Policies and Procedures for Purchase of Goods.(See 'MISC' in Pitara) Penalty - Legislature while granting discretion to executive has also provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers -challenge to constitutional validity of s. 11(2), 11(3) of FTDR Act, 1992 fails: High Court (See 'Breaking News') ACC approves appointment, repatriation of officers, Dilip Sharma, IRS, posted as DG, Election Commission (See 'Mixed Buzz') Budget exercise begins, CBDT invites ideas for legislative changes (See 'What's New') 8 Indian airports figure in global list: NITI Aayog (See 'Mixed Buzz') ST - Tube well Construction - Exempted - CBEC Clarifies (See 'DDT' Column) Mineral Royalties - Multiple taxes (See 'Guest Column') Varying concept of Export of Service under ST law & FTP (See 'Guest Column')
 
   
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DDT (Daily Dose of Taxation)

ST - Tube well Construction - Exempted - CBEC Clarifies

With VIJAY KUMAR

ST - Tube well Construction - Exempted - CBEC Clarifies
Published: August 23, 2016

View previous DDTs »

WHAT'S NEW
CUS
:
Not 46 NT 113 Cir 38
ADD
:
Not 46-47 SG 02 CVD01
EX
:
Not 30 NT 43 Cir 1045
S.TAX
:
Not 37 Cir 199  
I-T : Not 75 Cir 29
Inst
DGFT
:
Not 23 PN 25 Cir 01
RBI
:
Cir 02    
BREAKING NEWS

Mumbai, August 24
ST - Appellant engaging services of foreigners - Since amounts paid by appellant to hotels and rent-a-cab services are actual expenses, these amounts cannot be considered as an amount which are to be taxed under reverse charge mechanism: CESTAT

Mumbai, August 24
Cus - There is no time limit specified for exercise of option to redeem confiscated goods - Exercise of that option cannot, therefore, be denied at any stage and an appeal, even if pending, is not affected by exercise of such option: CESTAT

Kolkata, August 24
I-T - Whether when assessee port has not claimed status of local authority to claim exemption u/s 10(20), even then Explanation inserted w.e.f AY 2003-04 would apply to determine its status for assessment and tax rate applicable - NO: ITAT

Mumbai, August 24
Cus - Rule 9 of Valuation Rules, 1998 does not confer blanket mandate to add value of elements of contract merely because supply of imported goods are covered in same contract : CESTAT

Ahmedabad, August 23
Penalty - Legislature while granting discretion to executive has also provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers -challenge to constitutional validity of s. 11(2), 11(3) of FTDR Act, 1992 fails: High Court

MIXED BUZZ

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THE COB (WEB)

GST Council - A Baby likely to be born with major Legal & Constitutional handicaps

by SHAILENDRA KUMAR

GST Council - A Baby likely to be born with major Legal & Constitutional handicaps
Published: August 18, 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

by R SENTHILKUMAR & V SUNDARARAJAN

Mineral Royalties - Multiple taxes
Published: August 23, 2016

by SHWETA JAIN

Varying concept of Export of Service under ST law & FTP
Published: August 23, 2016

View previous Guest Column(s) »

ST se GST tak

Short Term Accommodation & Service Tax - the impasseby BHARAT BHUSHAN

Short Term Accommodation & Service Tax - the impasse
Published: August 22, 2016

View previous All ST se GST tak(s) »

 
 
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