Fertiliser industry - Inverted duty structure & subsidy - refund woes (See 'THE INSIGHT')ITC on Food supply services arranged at Factory canteen for employees (See 'THE INSIGHT')Ease of Doing Business & Custom Audit (See 'THE INSIGHT')TP - Where assessee has advanced loan to its AE, rate of interest would be based upon rates prevailing in country where loan is utilised: ITAT (See 'TOG Latest')Service tax - Re-credit is an adjustment/correction of the excess reversal which was not required to be made by them: CESTAT (See 'TOG Latest')Service tax - Denial of credit at recipient's end cannot be justified by Department without reopening the assessment at dealer's end: CESTAT (See 'TOG Latest')I-T - Trust which misuses status conferred upon it by Section 12AA is not entitled to retain & enjoy said status - Bogus donations completely misused by 'Trusts' calls for cancellation of registration granted to it u/s 12AA & 80G: SC (See 'TOG Latest')TP - ALP adjustment is mandated only in respect of International transactions & not transactions entered into by taxpayer with independent unrelated parties: ITAT (See 'TOG Latest')Central Excise - Invocation of penal provisions for imposition of penalty on appellant, without proper corroboration of facts, will not meet the ends of justice: CESTAT (See 'TOG Latest')Customs - Point of jurisdiction which goes to the root of the matter could be raised at any stage of the proceedings, which is a settled position of law: HC (See 'TOG Latest')I-T - Principles of natural justice are violated where an assessee is given only 24 hours' time to comply with the options given under a draft assessment order: HC (See 'TOG Latest')I-T - Assessment made u/s 143(3) or u/s 144(4) referable to subsection (2) other than sub-section (8) on or after 1st day of April, 2021 shall be non est if such assessment is not made in accordance with procedure laid down u/s 144B: HC (See 'TOG Latest')I-T - Once accepted that identity & creditworthiness of subscribers is not in doubtful, there is no reason to doubt the genuineness of transactions merely for reason that share certificates issued to shareholders was not furnished: ITAT (See 'TOG Latest')DTAA - Profits earned from reinsurance business of Indian subsidiary cannot be brought to tax in hands of foreign holding company in India, if such subsidiary is not 'Permanent Establishment': ITAT (See 'TOG Latest')Service tax - Penalty amount, forfeiture of earnest money deposit & liquidated damages had been received by said appellants towardsCentral Excise - Assessee is entitled to refund of amount of Cenvat Credit lying in their Cenvat Credit account on closure of business - Interest is payable upon delayed disbursal of refund , as per section 11BB of CEA 1944: CESTAT (See 'TOG Latest')Retrospective Effect In Tax Laws- Non-adversarial Tax Environment (See 'THE INSIGHT')Vivad Se Vishwas scheme - Tax demands of Rs 99,756 crores settled (See 'TOG NEWS')
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ALL GST NEWS

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CBIC rejects rumors of WhatsApp or SMS directing discharge of Minimum Tax Liability in cash
Govt not considering faceless assessment of GST: Finance Ministry
GST Compensation: Centre releases final instalment of Rs 4,104 crore
Gurugram GST officers arrest 2 for defrauding exchequer of over Rs 690Cr
CGST officers arrest operator of fake firms for Rs 38.91Cr ITC fraud
GST officers arrest UP businessman for defrauding exchequer Rs 13.76Cr
Centre releases 18th instalment of Rs 4,000Cr to States to meet GST shortfall
Delhi lawyer arrested for tax fraud of Rs 50.03Cr
Centre releases 16th tranche of Rs 5,000Cr for States to meet GST shortfall
Centre transfers 15th tranche of Rs 6,000Cr for States to meet GST shortfall
GST officers make arrests in cases involving fraudulent ITC of over Rs 445Cr
GST officers bust network of 46 fake firms behind Rs 82Cr fraudulent ITC claim
DGGI Gurugram arrests CA for GST evasion of Rs 12.67 Cr
Delhi man arrested for generating fake ITC of Rs 82.23Cr
Delhi man arrested for input tax credit fraud of Rs 14.30Cr
GST Compensation - Centre releases more funds; Total goes up to Rs 66K Crore
DGGI Gurugram arrest Delhi man arrested for Rs 8 Cr ITC fraud
One held for Rs 831.72 crore GST evasion on illicit tobacco products
Over 6cr GST e-invoices generated on NIC portal in Dec 2020
GST collection for Dec 2020 at Rs 115174 Crores; 12% jump compared to Dec 2019