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Friday , September 19, 2014 | Updated : Sep 19, 23:46 IST
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NEWS FLASH
 
China slaps USD 490 mn fine on Glaxo for bribing docs to promote drugs PM nominates Adil Zainulbhai as New Chairman of Quality Council of India India proposes to establish SAARC Centre for Good Governance CENVAT credit availed on Input Services used in or in relation to manufacturing activity at Pune factory has no nexus with rendering of output service of Renting of Immovable property in Mumbai: CESTAT (See 'Breaking News') Goods for AEW&C System Programme of Defence Ministry exempted upto 5th October + Sample fabric import at Nil rate – total length increased to 1000 m in a FY; Rice bran exempted till 1st April, 2015 (See 'What's New) Anti-dumping duty imposed on import of Sulphur Black from PR China (See Notification 41 in 'What's New) CX - Rebate on goods exported to overseas subsidiary - Delhi HC holds Revenue cannot restrict rebate on value u/s 4 - Market Price under condition 'e' of Notifn No 19/2004 is export market price - Not Indian Market price - Allows rebate of Rs 23 Cr to Dr Reddy's Labs (See 'Breaking News') Increasing time limit for availing CENVAT credit from 6 months to 1 year? (See 'DDT' Column) Income tax - Whether HC has discretion not to exercise its judicial review powers in writ petition filed by assessee, when conduct of assessee himself is tainted and doubtful - YES: HC (See 'Breaking News') Board Circular 984 dated 16/09/2014 - Para-wise comments (See 'Guest' Column) ST - As provision of telecommunication service to international roamers would amount to export of service, refund is permissible in law - Revenue's appeal dismissed: CESTAT (See 'Breaking News') CBDT hounds Retired Commissioner (See 'DDT') India, China ink 12 pacts; to receive USD 20 bn Chinese capital in five years CBEC notifies Modinagar ICD (See NT 86) CBEC notifies Customs exchange rates effective from Sept 19 (See NT 87 in ‘What’s New’) CBDT extends Advance Tax date from Sept 15 to Dec 15 for J & K PM to launch 'Make in India' drive on Sept 25 Xi Jinping is in Delhi; India, China to take relationships to new high, says Chinese President Lucknow DRI seizes heroin worth Rs 1.2 Crore; One person coming from Manipur arrested Administrative Reforms - The weak belly of Modi Govt! (See 'The Cob(Web)' Column) CCR, 2004 - Rule 5 - Onsite services rendered abroad by foreign subsidiaries - CENVAT credit refund ineligible prior to 27/02/2010 as same does not constitute exports - amendment made on 27/02/2010 is not clarificatory: HC (See 'Breaking News') Sales Tax Incentive Scheme - Supreme Court Judgement - CBEC Instructions (See 'DDT' Column) Clearance to SEZ Developers - Amendment Retrospective (See 'DDT') Income tax - Whether character of any stock-in-trade acquired by partners of a firm changes into capital asset upon dissolution of firm, without presence of any agreement regarding such conversion - NO: HC(See 'Breaking News') CESTAT Slams Commissioner - Commissioner thinks CESTAT Order is a Fish Tank? (See 'DDT') DGFT notifies New SION rates for many food products (See PN in 'What's New')
 
   
DDT (Daily Dose of Taxation)

Increasing time limit for availing CENVAT credit from 6 months to 1 year?

With VIJAY KUMAR

Increasing time limit for availing CENVAT credit from 6 months to 1 year?
Published: September 19, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 27-28 NT 86,87 Cir 09
ADD
:
41 Inst: 08 SG: 03
EX
:
Not 08-20 NT 27-29 Cir 984
S.TAX
:
Not 20-22 Order Cir 178
I-T
:
Not 33 Cir 12-13  
DGFT
:
Not 90,91 PN 70 Cir 13
RBI
:
Cir 31    
BREAKING NEWS

Mumbai, September 19
CENVAT credit availed on Input Services used in or in relation to manufacturing activity at Pune factory has no nexus with rendering of output service of Renting of Immovable property in Mumbai: CESTAT

New Delhi, September 19
CX - Rebate on goods exported to overseas subsidiary - Delhi HC holds Revenue cannot restrict rebate on value u/s 4 - Market Price under condition 'e' of Notifn No 19/2004 is export market price - Not Indian Market price - Allows rebate of Rs 23 Cr to Dr Reddy's Labs

Mumbai, September 19
Income tax - Whether HC has discretion not to exercise its judicial review powers in writ petition filed by assessee, when conduct of assessee himself is tainted and doubtful - YES: HC

Mumbai, September 19
ST - As provision of telecommunication service to international roamers would amount to export of service, refund is permissible in law - Revenue's appeal dismissed: CESTAT

Mumbai, September 18
CCR, 2004 - Rule 5 - Onsite services rendered abroad by foreign subsidiaries - CENVAT credit refund ineligible prior to 27/02/2010 as same does not constitute exports - amendment made on 27/02/2010 is not clarificatory: HC

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

Whether solatium under new land acquisition Act is taxable or is capital receipt.

Published: September 15, 2014

Post Answer »
THE COB (WEB)
Administrative Reforms - The weak belly of Modi Govt!by SHAILENDRA KUMAR

Administrative Reforms - The weak belly of Modi Govt!
Published: September 18, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Give arbitration & conciliation reforms highest priority to spur growthby TIOL EDIT TEAM

Give arbitration & conciliation reforms highest priority to spur growth

Published: September 10, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Modi Govt should not let credibility deficit build up from word go

Modi Govt should not let credibility deficit build up from word go
Published: September 04, 2014

View previous ICE CUBEs »

GUEST COLUMN

Board Circular 984 dated 16/09/2014 - Para-wise comments by S T VISHESH

Board Circular 984 dated 16/09/2014 - Para-wise comments
Published: September 19, 2014

View previous Guest Column(s);

ST se GST tak

Computation of 'exempted value of services' for 'trading activity' - CBEC should interveneby S NARAYANAN

Computation of 'exempted value of services' for 'trading activity' - CBEC should intervene
Published: September 16, 2014

View previous ST se GST tak(s)»

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

 
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