Govt calls up 2800 corporates to clear MSME dues (See TOG News')Inverted duty structure - A Case study (See 'TOG Insight')BrahMos Cruise Missile successfully test-fired from INS Chennai (See 'TOG News')TP - Assessment order passed by AO in respect of international transactions entered into by assessee & declaring them to be at arm's length without referring matter to TPO u/s 92CA, is erroneous & prejudicial to Revenue's interest - power of revision rightly exercised in such case: ITAT (See 'TOG Latest')I-T - Search assessment u/s 153A framed before Search operations are conducted or even before any evidence incriminating the assessee is found, are invalid: ITAT (See 'TOG Latest')Central Excise - The Tribunal is not vested with jurisdiction to adjudicate upon cases pertaining to rebate of duty - appeal not maintainable: CESTAT (See 'TOG Latest')Customs - Classification - Public Notice, even though issued by another Customs House, can validly be used as reference: CESTAT (See 'TOG Latest')Devitrification - scientists devise new way to dispose off nuclear waste (See 'TOG News')Scientists develop bio-inspired materials for energy sector (See 'TOG News')TP - An ITE service provider & KPO service provider cannot be compared for purposes of ALP determination - functional dissimilarity is sufficient grounds for exclusion of comparable: ITAT (See 'TOG Latest')I-T - Where refund of any amount u/s 244A(1) is due, assessee is entitled to simple interest and even single-day delay should be considered as part of the month for the purpose of computation of interest: ITAT (See 'TOG Latest')Central Excise - Grounds on which matter is decided by AA is entirely different from the case made out in SCN – matter remanded: CESTAT (See 'TOG Latest')Customs - Enhancement of declared value based on NIDB data is not permissible without first rejecting transaction value of imported goods: CESTAT (See 'TOG Latest')PFRDA crosses Rs 5 lakh crore AUM milestone (See 'TOG News')Railways issues policy on development of Goods-sheds through private investment (See 'TOG News')
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Land Customs station and routes for import and export of goods by land - Bhutan - Jaigaon - route added - Asian Highway 48 connecting Torsha tea garden in India and Ahllay in Bhutan
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Anti-dumping duty on Front Axle Beam, Steering Knuckles for medium or heavy commercial vehicle, imported from PR China - levy extended till 30th November 2020
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Exemption granted to Satellite launch services supplied by ISRO, Antrix Corporation Limited or New Space India Limited
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Exemption granted to Satellite launch services supplied by ISRO, Antrix Corporation Limited or New Space India Limited
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Exemption granted to Satellite launch services supplied by ISRO, Antrix Corporation Limited or New Space India Limited
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Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20
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< More Circular / Notification / Instruction >

ORDER, ORDER!!

Mumbai, Oct 19, 2020
TP - Assessment order passed by AO in respect of international transactions entered into by assessee & declaring them to be at arm's length without ....

Kolkata, Oct 19, 2020
I-T - Search assessment u/s 153A framed before Search operations are conducted or even before any evidence incriminating the assessee is found, are invalid: ITAT ....

Ahmedabad, Oct 19, 2020
Central Excise - The Tribunal is not vested with jurisdiction to adjudicate upon cases pertaining to rebate of duty - appeal not maintainable: CESTAT

Mumbai, Oct 19, 2020
Customs - Classification - Public Notice, even though issued by another Customs House, can validly be used as reference: CESTAT ....

< More News >
   
   

GST LATEST

THE INSIGHT

Inverted duty structure - A Case study

By: K Srinivasan (IRS)

THIS was a pending demand of railway wagon, coach and engine builders, and other manufacturers doing the roof and side walls of the railway coaches and the issue was flagged by the Confederation of Indian Industry (CII).

The input components attract a tax of 12-18-28 per cent. This creates a situation when there is higher tax on inputs and lower tax on output ....

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GST NEWS

New Delhi, Oct 01, 2020
TOG News Service
GST collections for Sept peak at Rs 95480 Cr ....

New Delhi, Sep 01, 2020
TOG News Service
GST revenue collection for August touches Rs 86,449 Cr ....

New Delhi, Aug 29, 2020
TOG News Service
GSTN activates GSTR-2B reflecting ITC against invoices uploaded ....

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

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TIOL TUBE LATEST

   

NEWS PILLS

Govt calls up 2800 corporates to clear MSME dues

TOG NEWS SERVICE, NEW DELHI, OCT 19, 2020: THE Union Ministry of Micro, Small and Medium Enterprises( MSME) has substantially widened its request to India Inc. for making payments to MSMEs against their dues of goods and ....

BrahMos Cruise Missile successfully test-fired from INS Chennai

TOG NEWS SERVICE, NEW DELHI, OCT 19, 2020: BRAHMOS, the supersonic cruise missile was successfully test fired today from Indian Navy's indigenously-built stealth destroyer INS Chennai, hitting a target in the Arabian Sea. ....

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EDITOR's KEYBOARD - FROM ARCHIVE

2012 - Fiscal Landscape - Probably, Sab 'theek hai'!

By: Shailendra Kumar, Founder Editor (Dec 27, 2012)

THE purpose of every change, which is deliberated upon and then optimistically made either by an individual or a household or the institution of State, is nothing but better future. But, what lies behind such a change? - Of course, our past. How do we define 'Past' in simple words? - The rolling time or the ticking clock. Thus, the year 2012 has almost come to ....

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