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Home e-Newsletters Index Year 2018 February Day 13 - Tuesday

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TMI Tax Updates - e-Newsletter
February 13, 2018

Case Laws in this Newsletter:

GST Income Tax Customs Corporate Laws Service Tax Central Excise CST, VAT & Sales Tax Indian Laws



Highlights / Catch Notes

  • GST:

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

  • 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

  • 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

  • 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’ - AT

  • 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. - AT

  • 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. - AT

  • 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 - AT


Articles


Notifications


Circulars / Instructions / Orders


News


Case Laws:

  • GST

  • 2018 (2) TMI 663
  • Income Tax

  • 2018 (2) TMI 670
  • 2018 (2) TMI 669
  • 2018 (2) TMI 668
  • 2018 (2) TMI 667
  • 2018 (2) TMI 677
  • 2018 (2) TMI 676
  • 2018 (2) TMI 675
  • 2018 (2) TMI 674
  • 2018 (2) TMI 666
  • 2018 (2) TMI 673
  • 2018 (2) TMI 672
  • 2018 (2) TMI 671
  • 2018 (2) TMI 665
  • 2018 (2) TMI 664
  • Customs

  • 2018 (2) TMI 662
  • 2018 (2) TMI 661
  • 2018 (2) TMI 660
  • 2018 (2) TMI 659
  • 2018 (2) TMI 658
  • 2018 (2) TMI 657
  • 2018 (2) TMI 656
  • 2018 (2) TMI 655
  • 2018 (2) TMI 653
  • 2018 (2) TMI 654
  • Corporate Laws

  • 2018 (2) TMI 652
  • Service Tax

  • 2018 (2) TMI 650
  • 2018 (2) TMI 649
  • 2018 (2) TMI 648
  • 2018 (2) TMI 647
  • 2018 (2) TMI 646
  • 2018 (2) TMI 645
  • Central Excise

  • 2018 (2) TMI 644
  • 2018 (2) TMI 643
  • 2018 (2) TMI 642
  • 2018 (2) TMI 641
  • 2018 (2) TMI 640
  • 2018 (2) TMI 639
  • 2018 (2) TMI 638
  • 2018 (2) TMI 637
  • 2018 (2) TMI 636
  • 2018 (2) TMI 635
  • 2018 (2) TMI 634
  • 2018 (2) TMI 633
  • 2018 (2) TMI 632
  • 2018 (2) TMI 631
  • 2018 (2) TMI 630
  • 2018 (2) TMI 629
  • 2018 (2) TMI 628
  • 2018 (2) TMI 627
  • 2018 (2) TMI 626
  • 2018 (2) TMI 625
  • 2018 (2) TMI 624
  • 2018 (2) TMI 623
  • 2018 (2) TMI 622
  • 2018 (2) TMI 621
  • 2018 (2) TMI 620
  • 2018 (2) TMI 619
  • 2018 (2) TMI 618
  • 2018 (2) TMI 617
  • 2018 (2) TMI 616
  • 2018 (2) TMI 615
  • 2018 (2) TMI 614
  • 2018 (2) TMI 613
  • 2018 (2) TMI 612
  • 2018 (2) TMI 611
  • CST, VAT & Sales Tax

  • 2018 (2) TMI 610
  • 2018 (2) TMI 609
  • Indian Laws

  • 2018 (2) TMI 651
 

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