Inverted duty structure - Refund of Input services allowed (See 'THE INSIGHT')Dr Harsh Vardhan digitally interacts with MP CM (See 'TOG News')COVID-19: Highest ever single day recoveries of 54,859 today (See 'TOG News')Goyal to dedicate Railway Museum at Hubballi to Nation (See 'TOG News')Agri Infrastructure Fund to generate job opportunities in rural economy: HM (See 'TOG News')I-T - Dismissal of appeal for being filed in name of a non-existent company amalgamated with another entity, is not tenable, where the court omits to consider an order passed by the HC regarding automatic transfer of litigations of transferor companies to transferee: HC (See 'TOG Latest')I-T - ATM units qualify as computers & are eligible for higher rate of depreciation - expenses incurred on taking premises on lease & on improving them qualify as revenue expense as such premises do not belong to the assessee & no capital asset arises therefrom: HC (See 'TOG Latest')Central Excise - Violation of principles of natural justice are per se insufficient to invoke extraordinary jurisdiction of High Court - issue of denial of opportunity to cross examine relevant witnesses can also be canvassed before the Tribunal: HC (See 'TOG Latest')VAT - An exemption notification has to be interpreted in a strict manner without adding any words to it - Carbide tip tools are treatable as consumable goods & are entitled for exemption, since they lose their utility upon use by the purchases & cease to remain tools or cutting devices: HC (See 'TOG Latest')Tomar, Goyal flag off first 'Kisan Rail' (See 'TOG News')Health Ministry engages with Districts reporting higher COVID-19 mortality (See 'TOG News')TP - Where main relief is granted on the basis of one reason, the adjudication of exclusion of a comparable company for other reasons may not be necessary - rectification application seeking adjudication of secondary grounds, need not be entertained: ITAT (See 'TOG Latest')I-T - Quantum of additions made on account of bogus purchases merits being restricted, where AO relies solely on information sourced from DGIT (Inv) without conducting independent inquiry & where assessee too fails to disprove such charges: ITAT (See 'TOG Latest')Central Excise - It is settled position in law that CENVAT credit is allowed in respect of Cargo Handling Services used for clearance of final product from the port for export: CESTAT (See 'TOG Latest')Central Excise - Goods which are not removed from factory without payment of duty, do not become contravening goods & so are not liable for confiscation - similarly, provisions of CEA 1944 do not enable seizure or confiscation of raw materials: CESTAT (See 'TOG Latest')NEP is based on holistic approach: PM (See 'TOG News')Is there a time limit to avail ITC of GST paid under Reverse Charge? PART-II (See 'THE INSIGHT')
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JUST GAZETTED


CBDT notifies Special Courts for Black Money cases in Maharashtra State
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Govt notifies anti-dumping duty on black toner in powder form
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CBIC issues fresh Instruction on disposal of confiscated goods
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Customs revises procedure for import of pets and live animals
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Advance Authorisation Scheme not available in case of export of gold medallions and coins
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Export of rice to EU member states - Conditions amended
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ORDER, ORDER!!

Chennai, Aug 10, 2020
I-T - Dismissal of appeal for being filed in name of a non-existent company amalgamated with another entity, is not tenable, where the court omits ....

Bengaluru, Aug 10, 2020
I-T - ATM units qualify as computers & are eligible for higher rate of depreciation - expenses incurred on taking premises on lease & on ....

Chennai, Aug 10, 2020
Central Excise - Violation of principles of natural justice are per se insufficient to invoke extraordinary jurisdiction of High Court - issue of denial of ....

Chennai, Aug 10, 2020
VAT - An exemption notification has to be interpreted in a strict manner without adding any words to it - Carbide tip tools are treatable ....

< More News >
   
   

GST LATEST

THE INSIGHT

Inverted duty structure - Refund of Input services allowed

By: Dhwani Mainkar, BLS/LL.B, LL.M (Queen Mary University of London)

IN the landmark judgement by the Hon'ble Gujarat High Court, in the case of VKC Footsteps India Pvt. Ltd. v/s. Union of India Special Civil Application 2792 of 2019 - TOG-572-HC-GUJ-GST-2020, the Court has categorically laid down that the denial of unutilized input tax credit accumulated owing to the inverted duty structure with respect to 'input services' within the meaning of Explanation ....

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GST NEWS

New Delhi, Jul 28, 2020
TOG News Service
GST - Centre disburses Rs 165302 Cr as Compensation Cess ....

New Delhi, Jul 02, 2020
TOG News Service
GST - Rs 90917 Cr collected in June ....

New Delhi, Jul 02, 2020
TOG News Service
GST Day 2020 - FM underscores salience of Ease of Doing Business ....

New Delhi, Jun 15, 2020
TOG News Service
Government rolls out facility of filing of NIL GST Return through SMS ....

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TIOL TUBE LATEST

   

NEWS PILLS

Dr Harsh Vardhan digitally interacts with MP CM

TOG NEWS SERVICE, NEW DELHI, AUG 11, 2020: MR Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, digitally called upon Dr Harsh Vardhan, Union Minister of Health & Family Welfare to seek ....

COVID-19: Highest ever single day recoveries of 54,859 today
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EDITOR's KEYBOARD - FROM ARCHIVE

The Shome Report: A Case of 'Reality Avoidance'

By: Shailendra Kumar, Founder Editor (Oct 11, 2012)

THE keenly-awaited Shome Panel Report on retro amendments is finally out, with predictable recommendations. And the screeching headlines in the media must have convinced most of the Netizens that it was a Panel, set up to bail out the excessive liability-beleaguered Vodafone Plc. But, interestingly, the additional terms of reference approved by the Prime Minister on July 30, 2012 for the GAAR Committee states: ''(v) Examine ....

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