Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com HRindiaonline.com
 
LOGIN
Forgot Password |  Register
Monday , December 22, 2014 | Updated : Dec 22, 19:37 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
 
CBEC reviews Customs ACP Scheme (See Cir 18 in ‘What’s New’) RBI issues fresh directions on penal charges levied on non-maintenance of min balances in savings bank a/c (See ‘What’s New’) CBEC posts Balesh Kumar as ADG, DGHRD + promotes Ajay Ganesh Ubale as Commissioner GST to benefit most States especially consumer States, says FM (See 'Mixed Buzz') Obama says Sony hack is act of cyber-vandalism, not act of war Ruckus in Rajya Sabha over Black Money issue Advisory Group for integrated development of power, coal & renewable energy submits Report to Power Minister (See 'Mixed Buzz') GST - No State will lose a rupee of Revenue, says FM (See 'DDT' Column) ST - Whether CESTAT can go into merits of order of Committee of CCs granting nod to review order & if answer is yes, whether it should be treated as null & void if they have merely appended signatures to notes - matter goes to HC Larger Bench (See 'Breaking News') Let's peep into Customs Museum at Goa (See 'Guest Column' by former CBEC Chairman) Income tax - Whether Revenue can resort to reopening of assessment merely on ground that Customs had seized assessee's goods and levied penalty - NO: HC (See 'Breaking News') Central Excise Audit - No Entries in Bangalore LTU Audit Plan Register (See 'DDT') Winter Session - Rajya Sabha lost more than 44 hours (See 'Mixed Buzz') CX - Reversal of Credit on inputs lying in stock & contained in finished goods when such goods become exempt - Prior to 2007, there was no such need - LB decision in Ashok Iron to be preferred to decision in Albert David case: HC (See 'Breaking News') CE - Clearances of inputs as such - Whether Credit of input services to be reversed? (See 'DDT') Debt and Investment survey: Average value of assets owned by household was Rs 10 lakh for rural areas in 2013 (See 'Mixed Buzz') ST - Sec 85 (3A) - Commrs(A) does not have authority to condone delay beyond 90 days, that being outer limit as per said law - Petition rejected: HC (See 'Breaking News') World wood production has fully recovered: FAO (See 'Mixed Buzz') No State will lose revenue due to GST roll-out: FM CAG asks CBDT to debar CAs related to Director of Company from signing Audit Report (See 'Breaking News') Whether where there is no material to show even remotely that reasons spelt out in order are ever brought to notice of assessees so as to afford them adequate opportunity to respond, such order is not sustainable - YES: HC (See '2014-TIOL-2298-HC') CAG Report on Automotive Sector asks CBEC to review Rule 10 of Excise Valuation Rules, 2000 (See 'Breaking News') India holding talks for FTA with GCC (See 'Mixed Buzz') CX - Biscuits manufactured out of wheat received free & supplied to MCD under Programme of Nutritional Support of Primary Education are to be assessed based on transaction value u/s 4 and not u/s 4A - Appeals dismissed: CESTAT (See 'Breaking News') Trade is effective tool to reduce poverty: WTO (See 'Mixed Buzz') Popularity graph of Modi surpasses that of Obama & Abe: Harvard's Report ICSI honours Tata Steel for corporate governance GST Bill proposes 1% non-vatable additional tax on supply of goods in inter-state commerce (See 'Breaking News') CBDT signs APA bilateral with Japanese Company (See ‘Mixed Buzz’) ST - It is well established in law that measure of taxation does not determine nature of taxation - fact that royalty paid for providing technical services is determined on basis of Net Sales does not mean that engineering consultancy services was not provided: CESTAT (See 'Breaking News') Dual utilisation of SEZ non-processing area - Govt working on new policy (See ‘Mixed Buzz’)
 
   
DDT (Daily Dose of Taxation)

GST - No State will lose a rupee of Revenue - FM

With VIJAY KUMAR

GST - No State will lose a rupee of Revenue - FM
Published: December 22, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 33 NT116 Cir 18
ADD
:
48 Inst: 08 SG: 03
EX
:
Not 25 NT 31 Cir 991
S.TAX
:
Not 23 Cir 181 Order
I-T
:
Not 82-83 Cir 17 Press Note
DGFT
:
Not 103 PN 78 Cir 14
RBI
:
Cir 49-51 Notfn  
BREAKING NEWS

New Delhi, December 22
ST - Whether CESTAT can go into merits of order of Committee of Commrs or CCs granting approval to review order & if answer is in affirmative whether such decision should be treated as null and void if they have merely appended signatures to notes prepared by officers - matter goes to HC Larger Bench

New Delhi, December 22
Income tax - Whether Revenue can resort to reopening of assessment merely on ground that Customs had seized assessee's goods and levied penalty - NO: HC

Chennai, December 22
CX - Reversal of Credit on inputs lying in stock & contained in finished goods when such goods become exempt - Prior to 2007, there was no such need - LB decision in Ashok Iron to be preferred to decision in Albert David case: HC

Mumbai, December 22
ST - Sec 85 (3A) - Commrs(A) does not have authority to condone delay beyond 90 days, that being outer limit as per said law - Petition rejected: HC

New Delhi, December 21
CAG asks CBDT to debar CAs related to Director of Company from signing Audit Report

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

Sold goods were despatched in March 13 which were received by customer in April 13. Whether profit on such sale will be assessable in AY 13-14 or AY 14-15

Published: December 22, 2014

Post Answer »
THE COB (WEB)
Has Union Cabinet really put GST Caravan on 'fire'!by SHAILENDRA KUMAR

Has Union Cabinet really put GST Caravan on 'fire'!
Published: December 18, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Let growth & jobs drive the changes in taxes & expenditure in 2015-16 Budgetby TIOL EDIT TEAM

Shift tax reforms from talk mode to action mode
Published: December 10, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Mrs Smriti Irani, Please Think Before Launching 'Think in India'

Mrs Smriti Irani, Please Think Before Launching 'Think in India'
Published: December 17, 2014

View previous ICE CUBEs »

GUEST COLUMN

Let's peep into Customs Museum at Goaby SUMIT DUTT MAJUMDER

Let's peep into Customs Museum at Goa
Published: December 22, 2014

View previous Guest Column(s);

ST se GST tak

Towards GST - 122nd Constitutional Amendment Bill - An analysisby PRITAM MAHURE

Towards GST - 122nd Constitutional Amendment Bill - An analysis
Published: December 20, 2014

View previous ST se GST tak(s)»

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

 
TIOL Mobile App
TIOL SEARCH
 
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
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Instructions
  • Advance Ruling
  • Settlement
  • Other Case
  • Directorate of Income Tax (Systems)
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Safeguard Duty Notfn
  • Anti-dumping Notfn
  • Drawback Cases
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Excise Amendment
  • Clean Energy Cess Notfn
  • MISC Circulars
  • 37B Order
  • Commr.(A) Order
  • CESTAT
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Miscellaneous
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • 37B Order
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • RBI Circulars
  • Depository Scheme
  • Press Note
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • MISC
  • State Acts
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Policy
  • SC Cases
  • HC Cases
  • VAT Cases
  • Deputation Posts
  • Service News
  • The Insider
  • Transfer
  • Promotion
  • Recruitment Rules
  • Transfer Policy
  • Training Circulars
  • Service Cases
  • MISC
  • Pay Commission
  • Cadre Review
  • Budget Circular 2013-14
  • Union Budgets
  • Economic Surveys
  • Budget Speeches
  • Finance Acts
  • Finance Bill
  • TRU - D. O. Letter
  • A Taxindiaonline Website. Copyright © 2014 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension