Passport Rules modified to include certain documents in Tatkal & non-Tatkal schemesGST on transport of Petroleum products down to 5%Tour operators in same line of business can now avail ITCLegal services to Govt & PSUs exempt from GSTGST exempt on transport services to educational institutionsGST Council slashes GST on Job work services, leather & footwear to 5%Used motor vehicles to now attract GST @ 18%Sugar confectionaries & 20 litre water bottles to attract 12% GSTGST Council cuts GST on LPG for domestic use to 5%Diamonds & precious stones to cost lesser with 0.25% GSTIGST collections of Rs 35K Cr to be split between Centre & StatesGST Council let-down - 17 lakh taxpayers contribute only Rs 307 crApparatus for anti-evasion measures in the pipepline: GST Councile-Way Bill - 15 States to adopt intra-State system from Feb 1, 2018GST Council modifies penalty for non-furnishing of returns (See 'TOG News')25th GST Council meet: Tax rates cut from 28% on 29 goods & 53 Services (See 'TOG News')TP - No adjustment needed under proviso to Section 92C(2), if price paid by assessee to AE falls within (+/-) 5% range of ALP: ITAT (See 'TOG Latest)I-T - Sec. 14A not invokable, where AO does not record dissatisfaction with correctness of assessee's maintenance of accounts: HC (See 'TOG Latest)Service Tax - Matter listed to hear issue of including reimbursed expenses in gross value of service: SC (See 'TOG Latest)Central Excise - Penalty imposable for fictitious procurement of goods & their illicit removal, to evade payment of duty: CESTAT (See 'TOG Latest)
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JUST GAZETTED

DGFT permits import of defectives of steel items through Nhava Sheva & ICD-Tughlakabad
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CBEC exempts Press & broadcasting equipments & certain sports goods
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CBEC notifies Customs Exchange Rates effective from Jan 19, 2018
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Agency appointed for issuing Certificate of Origin (Non Preferential)
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FTP Aayat Niryat Form - new address of agency issuing Certificate of Origin
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CBEC modifies AEO programme for assessment of bulk liquid cargo
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NEWS PILLS

GST Council modifies penalty for non-furnishing of returns

TOG News Service, NEW DELHI, JAN 19, 2018: THE 25th Meeting of the GST Council was conducted yesterday, chaired by the Union Finance Minister, Mr Arun Jaitley. The end result of strenous ....

25th GST Council meet: Tax rates cut from 28% on 29 goods & 53 Services

TOG News Service, NEW DELHI, JAN 19, 2018: AFTER a day of deliberation and discussion, the GST Council formed a general consensus around continuing the present GSTR-3B and uploading of sale invoices. ....

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ORDER, ORDER!!

NEW DELHI, Jan 19, 2018
TP - No adjustment needed under proviso to Section 92C(2), if price paid by assessee to AE falls within (+/-) 5% range of ALP: ITAT ....

MUMBAI, Jan 19, 2018
I-T - Sec. 14A not invokable, where AO does not record dissatisfaction with correctness of assessee's maintenance of accounts: HC ....

NEW DELHI, Jan 19, 2018
Service Tax - Matter listed to hear issue of including reimbursed expenses in gross value of service: SC ....

NEW DELHI, Jan 19, 2018
Central Excise - Penalty imposable for fictitious procurement of goods & their illicit removal, to evade payment of duty: CESTAT ....

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EDITOR's KEYBOARD - FROM ARCHIVE

Corruption and Black Money - The Two Soul-eating Ills of India - Do we have a Right to Hope?

By: Shailendra Kumar, Founder Editor

BLACK MONEY continues to be the flavour of the month. Till the midnight of June 4 when a 'harmless' (a la Home Minister's clarification yesterday) attempt was made by the lathi-wielding Delhi Police cops to evict Baba Ramdev and his 40,000 supporters out of Ramlila Ground which later turned ugly with a barrage of accusations made against the Union Government, the ....

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THE INSIGHT

A nuanced approach to Works Contract under GST

By: K Srinivasan, IRS

GST laws restrict the definition of 'works contract' to immovable property only. The scope of works contract with respect to movable property is sunk into Composite supply. Looks like a nuanced move to separate the movable part and take it under Composite supply.

Let us visit the relevant portions of Schedule II of the CGST, Act to understand ....

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