News Update

I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITATHonda to set up USD 11 bn EV plant in CanadaI-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITATImran Khan banned from flaying State InstitutionsI-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITATPro-Palestine demonstration spreads across US universities; 100 arrestedI-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITATNATO asks China to stop backing Russia if keen to forge close ties with WestCus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTATNY top court quashes conviction of Harvey Weinstein in rape caseWeather prediction normal for phase 2 poll dayIndiGo orders 30 Airbus A350s for long haulsST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesREC avails SACE-Covered Green Loan for 60.5 Billion Japanese YenStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideCus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTATDoNER discusses Development of Tourism in North EastCX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT
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TIOL BUDGET ANALYSIS 2015-16

ST on Advances received before Tax rate increases
By Mukund Abhyankar
Published: March 20, 2015
Support withdrawn and Service Recipients to pay
By Mohammad Salim
Published: March 20, 2015
Dancing to the music of tax administration
By Manoj Gupta
Published: March 20, 2015
Supplies from DTA to SEZ - Rebate should continue
By Nalin Bajaj
Published: March 19, 2015
Reduced corporate tax rates - reason to cheer?
By Harsha Rawal & Richa Savla
Published: March 19, 2015
Reimbursement Expenses - Whether it is tax on Services?
By T V Suresh Kumar
Published: March 18, 2015
India Budget 2015: Introduction of Place of Effective Management
By N C Hegde & Pooja Balachandar
Published: March 18, 2015
Budget 2015 - Issues crying for amendments/clarification by CBEC
By Bimal Jain
Published: March 17, 2015
Partial Reverse charge provisions - Fully Changed
By Satya Sai & Jagannadh Grandhi
Published: March 17, 2015
Manpower Supply Service - Chaos To continue?
By Nitesh Kumar Kancharla
Published: March 16, 2015
Amendments to penal provisions - When does the clock start ticking?
By Rishabh Singhvi & S Rahul Jain
Published: March 16, 2015
Cesses on Excise Duty - Is there no levy?
By Kalirajan D
Published: March 16, 2015
Taxability of transaction in money - flameproof now?
By Sonal Singh and Raghavan Ramabadran
Published: March 15, 2015
Service Tax on Aggregators - An Aggregate of Issues
By Sushma Prasad & Jagannadh Grandhi
Published: March 15, 2015
Taxability of Government Services post Budget-2015
By Sonal Singh & Jagannadh Grandhi
Published: March 14, 2015
Section 80 of FA, 1994 - R.I.P?
By Rishabh Singhvi, S Rahul Jain & Sweta Giridar
Published: March 14, 2015
An Aggregator & CENVAT credit-ill-equipped rules
By Nupoor Agrawal
Published: March 13, 2015
Refund on deemed exports - MoF and MoC point finger at each other
By Kalirajan D
Published: March 13, 2015
Rule 6 of CCR, 2004 - New explanation to create new complications
By Jagannadh Grandhi
'Make in India' initiative gets an upward thrust
By Sameer Gogia, Amit Agarwal & Vibha Bhatija
Published: March 12, 2015
Chargeability of Service Tax on Reimbursable Expenditure
By Sonal Singh
Published: March 12, 2015
Before imposition of SBC, few points worth noting
By H S Brar
Published: March 11, 2015
ST - Section 73(1B) - Beware before you Declare!
By Zubin J F Poovathinkal
Published: March 11, 2015
Amendment in Rule 14 of CCR, 2004 - A new dilemma for the taxpayers
By Kabir Rishi & Shivam Mehta
Published: March 11, 2015
Rationalization of abatements for transportation- Impact on logistics sector
By Geetika Srivastav
Published: March 10, 2015
Service tax no longer entertains or amuses Assessees
By Sushma Prasad
Published: March 10, 2015
Fate of EC & SHE Cess under Central Excise law
By Jigar Parikh
Published: March 10, 2015
Time limit for availing CENVAT credit on input
By Anjali Hirawat
Published: March 10, 2015
Be aware of Notice Received in Customs, Issued in Excise and Served in ST
By Preetam Singh
Published: March 09, 2015
The in 'tax' icating story
By G Natarajan
Published: March 09, 2015
Payment on own volition - Education & SHE Cesses - an option?
By ST Vishesh
Published: March 09, 2015
Is it constitutional to use Finance Bill to amend FEMA, 1999?
By S Sivakumar
Published: March 09, 2015
Towards Swachh Bharat - Exemption to Effluent treatment Services
By Sushma Prasad
Published: March 08, 2015
Cess is dead… Long live Cess
By Pritam Mahure
Published: March 08, 2015
Expression "erroneous insofar as prejudicial to the interests of Revenue" proposed to be clarified
By Kanwal Gupta & Rakhi Agrawal
Published: March 07, 2015
Change in residency criteria for Companies - PoEM
By Sarika Dhameja & Alpa Shah
Published: March 07, 2015
Budget 2015 - ST - Increase in rate and expanding scope - Was it required?
By Madhur Harlalka
Published: March 07, 2015
Swachh Bharat Cess - Not so Swachh!!
By Vishwanath K
Published: March 06, 2015
Initiative by Govt to curb black money problem
By Neeru Ahuja & Ekta Chopra
Published: March 06, 2015
Swachh Bharat Cess - Trick or Treat?
By Nupur Maheshwari
Published: March 06, 2015
Finance Bill - Clarifications on Taxability of Indirect Transfer
By Yogesh Shah, Dhiren Shah & Chintan Shah
Published: March 05, 2015
Proposals in Budget for Corporates - Is it enough or is more needed?
By Rajesh C Patil & Niti Shah
Published: March 05, 2015
Residential Status of Companies - A paradigm shift
By Shripal Lakdawala & Akhil Muchhala
Published: March 05, 2015
Rollback in Income Tax rate on royalty and FTS - A welcome move
By By Ashish Gogri & Vidhi Chitalia
Published: March 05, 2015
Withdrawal of CENVAT Credit of EC & SHE Cess - Many unanswered questions
By Rohini Mukherjee & Shivam Mehta
Published: March 05, 2015
Budget 2015 - Key Service Tax changes in chronological order - Part II
By Pritam Mahure
Published: March 04, 2015
HC decisions statutorily overruled - why this kolaveri, FM Sir?
By S Sivakumar
Published: March 04, 2015
Budget 2015 - Taxing reimbursable expenditure
By Chandra Sekhar P S S & Preetika Shetty
Published: March 04, 2015
Calculation of Customs CESS - The mess
By G Natarajan & M Karthikeyan
Published: March 04, 2015
Budget impact on Non-residents
By Sunil D Shah & Mihir Vora
Published: March 04, 2015
'And', 'or' game ended For good?
By G Natarajan
Published: March 03, 2015
Why is Notfn. 42/12-ST rescinded?
By P G James
Published: March 03, 2015
Uneducated on Education Cess
By Rohit Jain, Harsh Shah & Ruchita Shah
Published: March 03, 2015
Recovery mechanism in rule 4 of CCR, 2004
By Harish R
Published: March 03, 2015
Non-excisable goods - Rule 6 of CCR, 2004 amended - cogent or superfluous?
By K Prathiba & Shivam Mehta
Published: March 03, 2015
Budget cares for healthcare
By Vivek Sharma
Published: March 03, 2015
Union Budget 2015-2016 - 'Phool Aur Kaante' Budget
By Somesh Arora
Published: March 02, 2015
Non-excisable goods are included in definition of exempted goods/final products for purpose of Rule 6 of CCR, 2004
By TIOL News Service
Published: March 02, 2015
Budget 2015 - Key Service Tax changes - Part I
By Pritam Mahure
Published: March 02, 2015
Excise duty on Non-Excisable Goods
By R Subramanya
Published: March 02, 2015
Hit on construction sector
By G Natarajan
Published: March 02, 2015
Aggregator - Service Tax joins ride - Uber cool, ooh, la la
By Priyanka Naik & Sunny Kachalia
Published: March 02, 2015
Service Tax - Rationalisation of Penal measures
By Suhrid Bhatnagar
Published: March 02, 2015
New life to dead invoices
By G Natarajan
Published: March 02, 2015
BUDGET-2015: Huge Disappointment
By G Prabhakara Sastry
Published: March 01, 2015
Section 76 discourages right to litigate
By Monarch Bhatt
Published: March 01, 2015
Odoriferous compound/agarbathi mix finally gets an exemption
By TIOL News Service
Published: March 01, 2015
From being singular to plural - A 's' makes a difference
By TIOL News Service
Published: March 01, 2015
Construction of Toilets in Govt Schools and quarters for employees attract Service Tax - Amendment to ST Notification No 25/2012
By TIOL News Service
Published: March 01, 2015
Duty not paid - Penalty follows in all cases, suppression or not
By S Sivakumar
Published: February 28, 2015
Bye Bye to Education (CESSES)
By G Natarajan
Published: February 28, 2015
Is the proposed Section 78B of FA, 1994 unconstitutional?
By S Sivakumar
Published: February 28, 2015
Section 80 of FA, 1994 to fade into oblivion - a draconian step?
By S Sivakumar
Published: February 28, 2015
Pleasant Amendment in Section 11AC
By Pradeep Jain & Neetu Sukhwani
Published: February 28, 2015
Time to gear-up for GST
By Pritam Mahure
Published: February 28, 2015
GTA ST is on 30 %
By G Natarajan
Published: February 28, 2015
Mutual Fund distribution - Service tax makes a comeback
By Pratik Shah & Jigar Doshi
Published: February 28, 2015
'Substantial value' from assets located in India - when does Sec 9 get triggered? - Finance Bill provides an answer
By TIOL News Service
Published: February 28, 2015
Place of Effective Management - Finance Bill proposes change to determine resident status
By TIOL News Service
Published: February 28, 2015
Jaitley offers minor respite on depreciation u/s 32(iia)
By TIOL News Service
Published: February 28, 2015
Dead wood & something more removed from provisions of Settlement in Central Excise & Customs
By TIOL News Service
Published: February 28, 2015
What happens to Education Cess credit lying in balance?
By TIOL News Service
Published: February 28, 2015
ST - Statutory Amendments - Impact
By TIOL News Service
Published: February 28, 2015
Instant tea, Iced tea, LED lights/lamps brought under MRP assessment
By TIOL News Service
Published: February 28, 2015
Recovery of credit taken wrongly but not utilized is possible now - First accrued is first utilized -new Rule 14 of CCR, 2004
By TIOL News Service
Published: February 28, 2015
Service tax exemption availed by non-resident Commission Agent to Indian exporter withdrawan
By TIOL News Service
Published: February 28, 2015
Definition of Resident company redefined in Finance bill, 2015
By TIOL News Service
Published: February 28, 2015
Litigation Management - Monetary Limit for case to be heard by Single ITAT Member hiked to Rs 15 lakh
By TIOL News Service
Published: February 28, 2015
ST Valuation - If courts take a contrary view - Do the obvious - Amend the Act - Delhi HC Ruling in Intercontinental Consultants undone
By TIOL News Service
Published: February 28, 2015
Major changes proposed in Sec 11 AC - No penalty for normal period cases if duty is paid along with interest within 30 days from SCN
By TIOL News Service
Published: February 28, 2015
Black Money - FM proposes New Law; strict punishment; 10-yr jail and attachment of property
By TIOL News Service
Published: February 28, 2015
Exclusion of value of rails - Retrospective exemption given
By TIOL News Service
Published: February 28, 2015
ST- certain exemptions withdrawn-Consequently
By TIOL News Service
Published: February 28, 2015
Retrospective exemption granted to Railway or tramway track construction material
By TIOL News Service
Published: February 28, 2015
Rental income from assets held by REITs to be taxed in hands of unit holders
By TIOL News Service
Published: February 28, 2015
Wealth tax gone but 2% surcharge levied on super rich; Medical allowance hiked to Rs 25000
By TIOL News Service
Published: February 28, 2015
Foreign assets purchased out of tax evaded: 10 years jail; offence made non-compoundable and 300% penalty
By TIOL News Service
Published: February 28, 2015

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