News Update

CBDT issues transfer orders for 87 Pr CITs of Income Tax grade officersCBEC promotes 124 officers as DCsC2B Transactions - whether liable to GST under RCM?Cus - S.129E did not defeat or render vested right of appeal illusory - condition of pre-deposit is a reasonable condition: HCGoyal calls for adding value to mineral wealth of India20 yrs of ITA Agreement - Membership grows to 82 WTO MembersI-T - Cost of interest on borrowed funds used for acquiring capital asset, can be taken as cost of acquisition of asset: ITATCX - Penalty u/s 11AC would follow, as night follows day, only if, finding is returned that there was an escapement of duty due to conscious and deliberate wrongdoing on part of the Assessee: HCOpposition grows against 12% GST rate on sanitary napkinsGST - CBEC notifies deemed registration rules + substitutes 'provisional ID' by 'GSTIN'GST - Union Govt notifies Composition Scheme for NINE Special Category States + Also under UTGSTUnion Minister launches Digital MSME Scheme; gives away awardsEU slaps USD 2.7 billion penalty on Google for manipulating search resultsCBEC wants speedy clearance of office space for CGST CommissioneratesCBDT notifies format for furnishing Aadhaar details made mandatory from July 1, 2017Action Plan to boost up Cruise Tourism, a growth driver for India: GadkariGST - Some initial problems are bound to be there; Real Estate may be roped in under GST by next year, says FM25 Ministries to turn into e-office by June-end: MinisterGovt issues guidelines on GST RegistrationDownpour throws life out of gear in MumbaiIndia, USA to strengthen defence relations; Guardian drones cleared for IndiaBoard assigns proper officer for Registration and Composition levy under CGST, 2017100 Tweets FAQ released by BoardN-E to benefit from GST: Dr Jitendra SinghST - Respondents not providing service to trainees but to central/state government - classifiable under BAS and exempted under 14/2004-ST: CESTATI-T - Reopening cannot be instituted on basis of DVO's report showing unaccounted cost of construction incurred by previous proprietor, when assessee firm has never even existed: HCCus - DGFT notification is a law and not an executive instruction - merely submitting a declaration of end use is not sufficient : HCUS Supreme Court upholds Trump's temporary travel ban on travelers from six Islamic countries


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