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Tax Updates - TMI Newsletters
Home Newsletters Index Year 2018 March Day 8 - Thursday
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TMI Updates - Newsletter dated: March 8, 2018

Highlights

  1. GST : Benefit of Reduction of late fee in case of delayed filing of FORM GSTR-5A withdrawn.

  2. GST : E-way bill Rules - Rule 138D as amended - Facility for uploading information regarding detention of vehicle

  3. GST : E-way bill Rules - Rule 138C as amended - Inspection and verification of goods

  4. GST : E-way bill Rules - Rule 138B as amended - Verification of documents and conveyances.

  5. GST : E-way bill Rules - Rule 138A as amended - Documents and devices to be carried by a person-in-charge of a conveyance

  6. GST : E-way bill Rules - Rule 138 as amended - Information to be furnished prior to commencement of movement of goods and generation of e-way bill

  7. GST : Availing ITC on stock held as on 30.6.2018 - submission of FORM GST TRAN 2 - Date extended from six months to 31st March 2018, or within such period as extended by the Commissioner, on the recommendations of the Council

  8. Income Tax : The petitioner’s activities are not “commercial activity” within the meaning of clause (b) to Section 10(46) - HC issued directions to the government to accordingly issue the necessary notification under the aforesaid Section in respect of the "specified income" within a period of three months - HC

  9. Income Tax : Reopening of assessment - special audit report as basis for reopening - though the orders of assessment passed u/s 143(3) have sanctity attached, it does not grant immunity to an assessee from proceedings for reopening of assessment year of Section 147 / 148, provided the jurisdictional requirements therein are satisfied, at the time when the reopening notice is issued - HC

  10. Income Tax : Registration u/s. 12A - Exemption u/s 11 - Assessee is doing the charitable work to promote the awareness of universal teaching of SGGS (Shri Guru Granth Sahib) and other religious “Granths” among the general public and in the younger generation, which is very much essential in these days for the betterment of the young generation - registration allowed. - Tri

  11. Income Tax : Penalty u/s 271(1)(c) - The assessee cannot be fastened with the law of penalty without there being a clear specific charge. Fixing a charge should not be in a casual manner and it has not been permitted under the law. - Tri

  12. Income Tax : Claim of deduction u/s 57(iii) - activities undertaken by the assessee club - entrance fee receipt - assessee is not eligible to claim any deduction u/s 57(iii) of the Act over and above the deduction earlier allowed by the Tribunal in assessee's own case to the extent of 7.5%. - Tri

  13. Income Tax : Penalty imposed u/s 221(1) r.w.s. 140A(3) - non-payment of self-assessment tax - without there being any requisite corresponding amendment to Sec. 221 in consonance with the amendments carried out in Sec. 140A(3) w.e.f. 01.04.1989, the AO erred in levying the penalty. - Tri

  14. Income Tax : Addition u/s 14A - ‘net’ interest expenditure - where after setting off interest earned against the interest expenditure no further interest expense remains then disallowance cannot be made u/s 14A of the Income-tax Act, 1961.- Tri

  15. Customs : Refund of IGST on Export– Invoice mis-match cases –Alternative Mechanism with Officer Interface

  16. Insolvency and Bankruptcy : Corporate insolvency proceedings - liability of the guarantee in the books of corporate debtor is in the name of the daughter - the contesting respondents do not come within the meaning of ‘Financial Creditor’ and the application u/s 7 at their instance was not maintainable - Tri

  17. Insolvency and Bankruptcy : IBC - The moratorium order passed by this Tribunal applies in respect of Bank Guarantees other than Performance Guarantees furnished by the Corporate Debtor in respect of its property since it comes within the meaning of ‘security interest’. Respondent No. 1 is not entitled to invoke Bank Guarantees other than that comes within the meaning of performance Guarantees, during Moratorium period. - Tri

  18. Service Tax : Insurance Auxiliary Service - actuary services or not - Surely, the appellant does not possess any of these qualifications nor they have been appointed or registered as actuary. This being so, the main plank of the SCN cannot survive - Tri

  19. Service Tax : Supply of tangible goods for use - no documentary evidence was produced to establish that in respect of the transactions, the VAT payment has been made - matter needs to be reconsidered for verification of the actual payment of VAT.

  20. Service Tax : Liability of service tax - auction of property service - difference between auction and tender - while both sale by tender and sale by auction may have a common intendment of selling the goods, the modalities and the processes involved in each are very different - Tri

  21. Central Excise : Attachment of immovable property - recovery of dues of lessee - Merely because Harshwardhan Exports agreed not to vacate the premises till full export obligations are discharged, would not create any additional right in the property which can be sold for the purpose of recovery of the dues of Harshwardhan Exports. - HC

  22. Central Excise : Classification of goods - fabric based blinds for window covering - of textile fabric / material - coated with a chemical compound which is not predominant in nature - the made up textile articles made out of such fabric and in particular, interior blinds will be correctly classifiable under CET Heading 6303 - Tri

  23. Central Excise : Classification of goods - an individual tile, which has an inherent well defined visible pattern or design contributed by the marble or stone chips mixed in the cement, is without any doubt, a mosaic tile, notwithstanding the fact that the goods are marketed by the manufacturer by using the Trade Name coined by the manufacturer. - Tri

  24. VAT and Sales Tax : Rate of tax - uniform rate of tax or different rate of tax on purchase of goods for use in the works contract - It was open to state legislatures to provide uniform rates of tax on goods involved in the execution of works contracts. Many state legislatures did so. The Karnataka legislature did so with effect from 1.4.2006, not earlier. - SC

  25. VAT and Sales Tax : Inter-state sales - sandalwood - Form-C - Merely because, the petitioner transported the goods outside the State will not bring the transaction within the ambit of the inter state sale - HC


Articles


Notifications


Circulars / Instructions / Orders


News - Feeds


Case Laws:

More information of case laws are visible to the Subscriber of a package i.e:-
Party Name, Court Name, Date of Decision, Full Text of Headnote, Decision etc.


  1. 2018 (3) TMI 206

    In: Customs


  2. 2018 (3) TMI 205

    In: Customs


  3. 2018 (3) TMI 204

    In: Customs


  4. 2018 (3) TMI 202

    In: Customs


  5. 2018 (3) TMI 203

    In: Customs


  6. 2018 (3) TMI 220

    In: Income Tax


  7. 2018 (3) TMI 218

    In: Income Tax


  8. 2018 (3) TMI 219

    In: Income Tax


  9. 2018 (3) TMI 230

    In: Income Tax


  10. 2018 (3) TMI 216

    In: Income Tax


  11. 2018 (3) TMI 217

    In: Income Tax


  12. 2018 (3) TMI 229

    In: Income Tax


  13. 2018 (3) TMI 228

    In: Income Tax


  14. 2018 (3) TMI 227

    In: Income Tax


  15. 2018 (3) TMI 226

    In: Income Tax


  16. 2018 (3) TMI 215

    In: Income Tax


  17. 2018 (3) TMI 225

    In: Income Tax


  18. 2018 (3) TMI 224

    In: Income Tax


  19. 2018 (3) TMI 214

    In: Income Tax


  20. 2018 (3) TMI 223

    In: Income Tax


  21. 2018 (3) TMI 213

    In: Income Tax


  22. 2018 (3) TMI 211

    In: Income Tax


  23. 2018 (3) TMI 212

    In: Income Tax


  24. 2018 (3) TMI 222

    In: Income Tax


  25. 2018 (3) TMI 221

    In: Income Tax


  26. 2018 (3) TMI 210

    In: Income Tax


  27. 2018 (3) TMI 209

    In: Income Tax


  28. 2018 (3) TMI 208

    In: Income Tax


  29. 2018 (3) TMI 207

    In: Income Tax


  30. 2018 (3) TMI 201

    In: Corporate Laws


  31. 2018 (3) TMI 200

    In: Corporate Laws


  32. 2018 (3) TMI 199

    In: Corporate Laws


  33. 2018 (3) TMI 233

    In: Insolvency & Bankruptcy


  34. 2018 (3) TMI 232

    In: Insolvency & Bankruptcy


  35. 2018 (3) TMI 231

    In: Insolvency & Bankruptcy


  36. 2018 (3) TMI 198

    In: Indian Laws


  37. 2018 (3) TMI 197

    In: Indian Laws


  38. 2018 (3) TMI 196

    In: Indian Laws


  39. 2018 (3) TMI 195

    In: Service Tax


  40. 2018 (3) TMI 194

    In: Service Tax


  41. 2018 (3) TMI 193

    In: Service Tax


  42. 2018 (3) TMI 192

    In: Service Tax


  43. 2018 (3) TMI 191

    In: Service Tax


  44. 2018 (3) TMI 190

    In: Service Tax


  45. 2018 (3) TMI 189

    In: Service Tax


  46. 2018 (3) TMI 188

    In: Service Tax


  47. 2018 (3) TMI 187

    In: Service Tax


  48. 2018 (3) TMI 186

    In: Service Tax


  49. 2018 (3) TMI 185

    In: Service Tax


  50. 2018 (3) TMI 182

    In: Central Excise


  51. 2018 (3) TMI 177

    In: Central Excise


  52. 2018 (3) TMI 178

    In: Central Excise


  53. 2018 (3) TMI 179

    In: Central Excise


  54. 2018 (3) TMI 180

    In: Central Excise


  55. 2018 (3) TMI 181

    In: Central Excise


  56. 2018 (3) TMI 184

    In: Central Excise


  57. 2018 (3) TMI 176

    In: Central Excise


  58. 2018 (3) TMI 175

    In: Central Excise


  59. 2018 (3) TMI 173

    In: Central Excise


  60. 2018 (3) TMI 174

    In: Central Excise


  61. 2018 (3) TMI 172

    In: Central Excise


  62. 2018 (3) TMI 171

    In: Central Excise


  63. 2018 (3) TMI 170

    In: Central Excise


  64. 2018 (3) TMI 169

    In: Central Excise


  65. 2018 (3) TMI 168

    In: Central Excise


  66. 2018 (3) TMI 166

    In: Central Excise


  67. 2018 (3) TMI 167

    In: Central Excise


  68. 2018 (3) TMI 183

    In: Central Excise


  69. 2018 (3) TMI 165

    In: Central Excise


  70. 2018 (3) TMI 164

    In: Central Excise


  71. 2018 (3) TMI 163

    In: Central Excise


  72. 2018 (3) TMI 162

    In: VAT and Sales Tax


  73. 2018 (3) TMI 160

    In: VAT and Sales Tax


  74. 2018 (3) TMI 159

    In: VAT and Sales Tax


  75. 2018 (3) TMI 158

    In: VAT and Sales Tax


  76. 2018 (3) TMI 157

    In: VAT and Sales Tax


  77. 2018 (3) TMI 161

    In: VAT and Sales Tax


 
 
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