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NEWS FLASH
 
CBEC clarifies on CENVAT Credit in transit sale through dealer (See Cir 1003 in 'What's New') Lucknow DRI seizes 705 kg ganja load in a truck at Rajmundary, AP and heading for Jaipur; One person arrested Lok Sabha to pass GST Bill tomorrow but Opposition-dominated Rajya Sabha likely to refer it to Select Committee Anti-dumping duty on Polytetrafluoroethylene (PTFE) extended till 2nd May, 2016 (See Notifn 17 in 'What's New') FM okays 19 FDI proposals worth Rs 2165 Crore, including that of Mylan Lab Ltd Alignment of ICDS with subsidy - Govt clarifies provision of Finance Bill 2015 not to affect LPG subsidy received by individuals CBEC amends Customs exchange rate for Swiss Franc (See 'What's New') IGI Airport seizes gold worth Rs 30 lakh from lady pax coming from Bangkok FM says India has potential to grow at 10% Union Cabinet okays Bill for New Land Boundary Agreement with Bangladesh PM to visit China, Mongolia and Korea between May 14 to 19 Volume of multi-drug resistant TB cases is on rise in India: Health Minister Maharashtra Sales Tax - No provision under Act for settlement of dues of partner with State Government - Appeal dismissed with costs: Supreme Court (See 'Breaking News') Dealer Registration mandatory for transit sale, says Chief Commissioner - Ease of Doing Business? (See 'DDT' Column) I-T - Whether deduction u/s 80IB(10) is allowable to housing projects having residential units with commercial user to extent permitted under DC Regulations framed by respective local authority - YES: SC (See 'Breaking News') Notification 12/2015-CE(NT) - some unanswered questions (See 'Guest' Column) New Judicial Members in CESTAT (See 'DDT') EA 2000 Audit - some facts - Where is the risk review? (See 'DDT') LPG Subsidy to be taxed? (See 'DDT') PAN necessary for central excise registration by Pvt company but not government department Meal Vouchers - How Good(s) is it? (See 'ST se GST tak') Delhi HC rules Competition Commission has inherent powers to recall order (See 'Breaking News')
 
   
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DDT (Daily Dose of Taxation)

Dealer Registration mandatory for transit sale, says Chief Commissioner - Ease of Doing Business?

With VIJAY KUMAR

Dealer Registration mandatory for transit sale, says Chief Commissioner - Ease of Doing Business?
Published: May 05, 2015

View previous DDTs »

WHAT'S NEW
CUS
:
Not 28-30 NT 43 Cir 13,14
ADD
:
Not 17 SG: 01  
EX
:
Not 23-27 NT 12-13 Cir 1003
S.TAX
:
Not 12 Cir 183 JS TRU
I-T
:
Not 41 Cir 07 itinst 02
DGFT
:
Not 05 PN 10 Cir16,17
RBI
:
Cir 96,97 Notif  
BREAKING NEWS

New Delhi, May 05
Maharashtra Sales Tax - No provision under Act for settlement of dues of partner with State Government - Appeal dismissed with costs: Supreme Court

New Delhi, May 05
I-T - Whether deduction u/s 80IB(10) is allowable to housing projects having residential units with commercial user to extent permitted under DC Regulations framed by respective local authority - YES: SC

New Delhi, May 05
I-T - Whether income from letting out of properties is liable to be treated as business income and not rental income if business involves acquiring and letting out of properties - YES: SC

Mumbai, May 05
CX - Clandestine removal of Terpene - Once demand is confirmed, imposition of penalty u/s 11AC is mandatory and automatic - contention of appellant that adjudicating authority had not imposed any penalty is clearly wrong: CESTAT

Chennai, May 04
I-T - Whether profit on sale of any asset can be treated as Business Income when property is acquired by way of settlement and assessees have sold it in pieces, after collecting development charges - NO: HC

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

Before ITAT Mumbai, there is legal issue on which there is Gujarat HC decision in favor ofrevenue and Delhi HC decision in favor of assessee. SLP of assessee against Gujarat HC decision has been rejected, while revenue has not gone in appeal before SC on low tax effect ground. Which decision should ITAT Mumbai follow?

Published: May 04, 2015

Post Answer »
THE COB (WEB)
GST gets caught in another cycle of birth pangsby SHAILENDRA KUMAR

GST gets caught in another cycle of birth pangs
Published: April 30, 2015

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Govt should consider DTC revival & other tax reforms mooted by PSCby TIOL EDIT TEAM

Govt should consider DTC revival & other tax reforms mooted by PSC
Published: May 02, 2015

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Revise Lame-duck real estate bill to spawn employment & growth

Don't debase Agrarian Crisis to a tale of Blind men describing an Elephant
Published: May 01, 2015

View previous ICE CUBEs »

GUEST COLUMN

Notification 12/2015-CE(NT) - some unanswered questions by S B PARIKH

Notification 12/2015-CE(NT) - some unanswered questions
Published: May 05, 2015

View previous Guest Column(s);

ST se GST tak

Meal Vouchers - How Good(s) is it?by SUSHMA PRASAD & RAGHAVAN RAMABADRAN

Meal Vouchers - How Good(s) is it?
Published: May 04, 2015

View previous ST se GST tak(s)»

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

 
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