News Update

International Road Federation calls for intelligent transport system to reduce accidents on Yamuna e-wayBihar Governor Satya Pal Malik receives additional charge of OdishaST VCES, 2013 is not an open ended scheme - benefits thereunder cannot be derived dehors scheme or after its life or duration has come to an end: High CourtReduced rate of GST on construction serviceI-T - Claim of wrong presumption regarding status of payee will not earn reprieve for payer for default committed in withholding tax liability: ITATRenewable Energy based on Waste - Lost its Power under GST!ST - Contract is primarily for transportation of sand and activity of loading/unloading is merely incidental - No tax under Cargo Handling Service: CESTATUS moves WTO against India's export subsidy schemesDoubling farmersí income - Govt releases Draft Agri Export Policy; proposes to set up Agri Start-up FundIndia, Hong Kong ink agreement on avoidance of double taxation & exchange of tax infoIndia, USA focus on resolving MAP cases; Also wrap up two APAsOffences against Children - SC asks HCs to furnish details of special courtsI-T - Genuineness of gifts made under natural love & affection, should not be decided on touchstone of 'existence of occasion' and needs no prior sanction from Department: HCDomestic Tourist Visits jump from 128 Cr to 161 CroreRural Schemes - Expert Panel suggests measures to sharpen internal audit toolsNITI Aayog releases SATH-Education Roadmaps2G case - CBI moves Delhi HC against acquittal of A RajaIGST Refund - Shipping lines filing EGMs with errors, says CBECGovt about to finalise Sand Mining Policy; Delhi to host 3rd National ConclavePutin wins again; to remain in power till 2024India Needs Good Governance & Not New Law to Catch FugitivesI-T - Resultant profit out of investment in shares is to be taxed as capital gains even if intention of investor is not to earn only dividend income: ITATGST Council's latest recommendations - Part-IIST - Supply of (DMF)/(TECHPACK) to customers - since assessee is manufacturer of excisable goods, they cannot be treated as provider of Scientific or Technical Consultancy service: CESTATA Tale of Two Countries - And Their College Education SystemsCX - Debit note, arising from contractual liability, cannot be considered to be credit note relating to rendering of service u/r 4(7) of CCR, 2004: CESTAT

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