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Wednesday , August 27, 2014 | Updated : Aug 27, 22:00 IST
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NEWS FLASH
 
INTERPOL appoints Shah Rukh Khan as Trun Back Crime Ambassador PM sets up Committee to identify defunct laws within three months CENVAT Credit Rules amended relating to service tax certificate for Transportation of goods by Rail (See 'EX NT' in What's New) SC goes with Competition Commission on issue of Rs 630 Cr penalty imposed on DLF SC in favour of PM & CMs not providing place to tainted Ministers in Council of Ministers Cellular Mobile Service provider is not entitled to avail CENVAT credit on Tower Parts & Pre-fabricated buildings: High Court (See 'Breaking News') Customs - Valuation - Proof of imports of identical goods at higher value not given to appellant - Assessment Order set aside; however SCN survives: SC (See 'Breaking News') Service Tax - Board and CCs authorized to issue instructions - Is Principal CC covered?(See 'DDT' Column) ST - Support services provided to run business of clients by aiding them in marketing, in obtaining loans from FIs, training of their personnel do not fall within category of 'Consultancy Service' let alone 'Management Consultancy Service' - Appeal allowed: CESTAT (See 'Breaking News') Passing of Review orders by Committee of CCs - Extension of limitation period (See 'Guest' Column) Income tax - Whether provisions of Sec 41(1) come into play only when there is cessation of a liability - YES: ITAT (See 'Breaking News') 8.75% interest rate for PF Deposits for current fiscal recommended (See 'Mixed buzz') Service Tax - Legislative changes to be effective from 1st October (See 'DDT') CX - Refund - Payment deduced by client for failing to supply specified quantity of goods during specified period - whatever amount appellant had received less from buyer they are entitled to take refund of duty component involved in deducted amount: CESTAT (See 'Breaking News') North Block orders forensic audit of Kolkata-based UCO Bank books FM calls for expansion of capital base of ADB to sustain key role in development financing CBI traps Chennai ROC Registrar accepting Rs 10 lakh bribe Misuse of CENVAT Credit Rule 12AAA of CCR, 2004 amended to include provider of Taxable service (See Notification 25 in 'What's New) ST on Radio Taxi services, Ads in internet websites & on film screen in theatres to be effective from Oct 1, 2014 + STR, 1994 amended w.e.f 1.10.2014 new rules 11 & 12 inserted to provide for determination of Rate of exchange & Power to issue supplementary instructions (See Notification in 'What's New) High Court never stated that service has to be rendered to factories governed by Factories Act, 1948 Telecom Service provider can also take credit on Outdoor Catering Service: CESTAT (See 'Breaking News') Govt appoints four New Governors; Kalyan Singh goes to Rajasthan & Mridula Sinha to Goa Coal is paramount Lord of industry; allocation of a coal block is nothing but largesse, says SC Cus - Provisions of s. 27 are not applicable to Interest paid for warehoused goods u/s 61(2) - Consequently, bar of unjust enrichment is not applicable - Appeal allowed: CESTAT (See 'Breaking News') Disposal of confiscated cylinders filled with refrigerant gases - CBEC proposes to issue instructions (See 'DDT' Column) Income tax - Whether even if investments made by assessee earn no income, expenditure incurred on such investments is liable to disallowed under Rule 8D(2) - NO: ITAT (See 'Breaking News') Scope & Ambit of Works Contract (See 'ST se GST tak' Column) CCI orders Rs 2545 Cr penalty on 14 auto manufacturers Aerated waters - Whether contaminated, under or over filled bottles or badly crowned bottles amounts to manufactured finished goods, which are required to be entered under R.G.-1 register & which are exigible to duty? - 'No' High Court answers question of law in favour of assessee (See 'Breaking News') Tamil Nadu CM against Area Based Exemptions (See 'DDT') I-T - Whether in case original return filed by assessee is treated as non est, such return cannot be considered as a valid return at any point of time: ITAT (See '2014-TIOL-570') Economy in use of paper - FinMin Directions (See 'DDT')
 
   
DDT (Daily Dose of Taxation)

Service Tax - Board and CCs authorized to issue instructions - Is Principal CC covered?

With VIJAY KUMAR

Service Tax - Board and CCs authorized to issue instructions - Is Principal CC covered?
Published: August 27, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 26 NT 72 Cir 09
ADD
:
39 Inst: 08 SG: 02
EX
:
Not 08-20 NT 26 Cir 983
S.TAX
:
Not 18-19 Order Cir 178
I-T
:
Not 33 Cir 12-13 Inst 11
DGFT
:
Not 90,91 PN 68 Cir 13
RBI
:
Cir 21    
BREAKING NEWS

Mumbai, August 27
Cellular Mobile Service provider is not entitled to avail CENVAT credit on Tower Parts & Pre-fabricated buildings: High Court

New Delhi, August 27
Customs - Valuation - Proof of imports of identical goods at higher value not given to appellant - Assessment Order set aside; however SCN survives: SC

Mumbai, August 27
ST - Support services provided by appellant to run business of clients by way of assistance in marketing, in obtaining loans from FIs, training of their personnel do not fall within category of 'Consultancy Service' let alone 'Management Consultancy Service' - Appeal allowed: CESTAT

New Delhi, August 27
Income tax - Whether provisions of Sec 41(1) come into play only when there is cessation of a liability - YES: ITAT

Mumbai, August 27
CX - Refund - Payment deduced by client for failing to supply specified quantity of goods during specified period - whatever amount appellant had received less from buyer they are entitled to take refund of duty component involved in deducted amount: CESTAT

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

Trust X receives corpus donation & donates same as it is to trust Y, violating directions of donors. Whether this makes donation received by X taxable or whether on this ground registration of X can be cancelled.

Published: August 25, 2014

Post Answer »
THE COB (WEB)
Money ... Black is Beautiful!by SHAILENDRA KUMAR

Money ... Black is Beautiful!
Published: August 21, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Safeguarding oil & gas revenueby TIOL EDIT TEAM

Safeguarding oil & gas revenue

Published: August 24, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA  Mr Modi, don't go the Abhimanyu way; shear UPA's chains to untie growth genie

Mr Modi, don't go the Abhimanyu way; shear UPA's chains to untie growth genie
Published: August 18, 2014

View previous ICE CUBEs »

GUEST COLUMN

Passing of Review orders by Committee of CCs  Extension of limitation period by S J SINGH

Passing of Review orders by Committee of CCs - Extension of limitation period
Published: August 27, 2014

View previous Guest Column(s);

ST se GST tak

Scope & Ambit of Works Contract by ABHIJIT SAHA

Scope & Ambit of Works Contract
Published: August 26, 2014

View previous ST se GST tak(s)»

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

 
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