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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Budget 2015
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