News Update

GST - CBIC invites taxpayers to join fight against profiteeringNaidu dismisses impeachment notice against CJICX - Rebate which is sanctioned to appellant cannot be appropriated by invoking provisions of s.11, more specifically when dues are due from totally different entity: CESTATExport in new tax regime - Dichotomies & glitches in procedureOnce service tax has been discharged by M/s RMIL on fees collected from investors before remitting 95% amount to Appellant, demand of tax on this sum from Appellant would be double taxation: CESTATUniversalisation of the OECD transfer pricing guidelines (See 'TII Edit')CX - Employee is earning not for himself but also for family members - ST on insurance premium paid by company on group policy for employees as well as their family members is allowable as CENVAT credit: CESTATNDA Govt plays politically safe; shuns major fiscal reformsST - VCES, 2013 - Sec 110 is standalone section & makes no reference to Sec 107(4) of FA, 2013 - applicability of s. 110 is required to be examined independently: CESTATOrdinance promulgated to attach properties of Fugitive Economic OffendersTrade liberalisation increases GDP & private consumption: OECDI-T - Temporary suspension of business should not be construed as permanent closure, and hence will not debar owner from claiming routine commercial expenses: ITATGovt promulgates Ordinances to amend IPC to punish child rapist + take action against fugitive economic offenders15 Maoists killed in major operation by Maharashtra PolicePM to visit China for two-day summit starting on April 27When on date of DPC there was no criminal proceeding pending against officer, promotion cannot be denied merely on ground that CBI had recommended major penalty in a DA case: HCGST team of CGST & SGST officials bag PM's Award on Civil Services DayOnline Dispute Resolution mechanism launched


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