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Home Newsletters Index Year 2018 February Day 13 - Tuesday
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TMI Updates - Newsletter dated: February 13, 2018

Highlights

  1. GST : Clarifications regarding GST in respect of certain services - TRU clarified 6 vital issues.

  2. GST : Seizure of goods - Section 129(1) of the UP GST - Even if the seizure is treated to be under Section 129(1) of the Central G.S.T., as there was no provision of E-Way bill on the relevant date under the Central G.S.T. prima facie the seizure appears to be illegal. - HC

  3. Income Tax : Reopening of assessment - Validity of reasons to believe - reopening of the assessment cannot be held for a fishing or a roving inquiry or for verification of the records. - HC

  4. Income Tax : Nature of income - Though the assessee has financial service as an ancillary object to its main object, such activity is not the main business activity of the assessee - AO was right in treating interest income under the head ‘Income from other sources’ - Tri

  5. Customs : Misdeclaration - Import of restricted item - When the goods are allowed for re-export, there should not be any redemption fine because redemption fine is for enjoyment of the goods in the manner of home consumption even when a law is violated. - Tri

  6. Customs : Absolute confiscation - import of one consignment of ‘off the road tyres’ and ‘run flat tyres’ - the appellant is willing to put the symbol on tyres before clearance - If symbol is put on tyres, the registration with BIS is not required, in that circumstances, the goods can not be confiscated. - Tri

  7. Central Excise : CENVAT credit - Compensation received by the appellant for supplying inferior quality of ink - The compensation is a regular activity and this was an income of the appellant which was to be added to the value of the goods - credit to be reversed - Tri


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  1. 2018 (2) TMI 663

    In: GST


  2. 2018 (2) TMI 662

    In: Customs


  3. 2018 (2) TMI 661

    In: Customs


  4. 2018 (2) TMI 660

    In: Customs


  5. 2018 (2) TMI 659

    In: Customs


  6. 2018 (2) TMI 658

    In: Customs


  7. 2018 (2) TMI 657

    In: Customs


  8. 2018 (2) TMI 656

    In: Customs


  9. 2018 (2) TMI 655

    In: Customs


  10. 2018 (2) TMI 653

    In: Customs


  11. 2018 (2) TMI 654

    In: Customs


  12. 2018 (2) TMI 670

    In: Income Tax


  13. 2018 (2) TMI 669

    In: Income Tax


  14. 2018 (2) TMI 668

    In: Income Tax


  15. 2018 (2) TMI 667

    In: Income Tax


  16. 2018 (2) TMI 677

    In: Income Tax


  17. 2018 (2) TMI 676

    In: Income Tax


  18. 2018 (2) TMI 675

    In: Income Tax


  19. 2018 (2) TMI 674

    In: Income Tax


  20. 2018 (2) TMI 666

    In: Income Tax


  21. 2018 (2) TMI 673

    In: Income Tax


  22. 2018 (2) TMI 672

    In: Income Tax


  23. 2018 (2) TMI 671

    In: Income Tax


  24. 2018 (2) TMI 665

    In: Income Tax


  25. 2018 (2) TMI 664

    In: Income Tax


  26. 2018 (2) TMI 652

    In: Corporate Laws


  27. 2018 (2) TMI 651

    In: Indian Laws


  28. 2018 (2) TMI 650

    In: Service Tax


  29. 2018 (2) TMI 649

    In: Service Tax


  30. 2018 (2) TMI 648

    In: Service Tax


  31. 2018 (2) TMI 647

    In: Service Tax


  32. 2018 (2) TMI 646

    In: Service Tax


  33. 2018 (2) TMI 645

    In: Service Tax


  34. 2018 (2) TMI 644

    In: Central Excise


  35. 2018 (2) TMI 643

    In: Central Excise


  36. 2018 (2) TMI 642

    In: Central Excise


  37. 2018 (2) TMI 641

    In: Central Excise


  38. 2018 (2) TMI 640

    In: Central Excise


  39. 2018 (2) TMI 639

    In: Central Excise


  40. 2018 (2) TMI 638

    In: Central Excise


  41. 2018 (2) TMI 637

    In: Central Excise


  42. 2018 (2) TMI 636

    In: Central Excise


  43. 2018 (2) TMI 635

    In: Central Excise


  44. 2018 (2) TMI 634

    In: Central Excise


  45. 2018 (2) TMI 633

    In: Central Excise


  46. 2018 (2) TMI 632

    In: Central Excise


  47. 2018 (2) TMI 631

    In: Central Excise


  48. 2018 (2) TMI 630

    In: Central Excise


  49. 2018 (2) TMI 629

    In: Central Excise


  50. 2018 (2) TMI 628

    In: Central Excise


  51. 2018 (2) TMI 627

    In: Central Excise


  52. 2018 (2) TMI 626

    In: Central Excise


  53. 2018 (2) TMI 625

    In: Central Excise


  54. 2018 (2) TMI 624

    In: Central Excise


  55. 2018 (2) TMI 623

    In: Central Excise


  56. 2018 (2) TMI 622

    In: Central Excise


  57. 2018 (2) TMI 621

    In: Central Excise


  58. 2018 (2) TMI 620

    In: Central Excise


  59. 2018 (2) TMI 619

    In: Central Excise


  60. 2018 (2) TMI 618

    In: Central Excise


  61. 2018 (2) TMI 617

    In: Central Excise


  62. 2018 (2) TMI 616

    In: Central Excise


  63. 2018 (2) TMI 615

    In: Central Excise


  64. 2018 (2) TMI 614

    In: Central Excise


  65. 2018 (2) TMI 613

    In: Central Excise


  66. 2018 (2) TMI 612

    In: Central Excise


  67. 2018 (2) TMI 611

    In: Central Excise


  68. 2018 (2) TMI 610

    In: VAT and Sales Tax


  69. 2018 (2) TMI 609

    In: VAT and Sales Tax


 
 
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