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JUST GAZETTED

CBEC prescribes directions for sale of confiscated Gold
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CBEC hikes duty drawback rates on several items
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CBDT prescribes qualifications for Tax Return Preparer & incentives
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CBDT excludes certain fees from total income, of Central Registry set up under SARFAESI Act
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Export Policy of Onions- Imposition of Minimum Export Price (MEP)
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CBEC caps Presidential Award at 45; extendable to 50 under special circumstances
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TIOL TUBE LATEST

   

NEWS PILLS

Railways earns side income from 'garage sale' of scrap

TOG News Service, NEW DELHI, JAN 23, 2018: THE Ministry of Railways today issued a directive to the General Managers of all the Zonal Railways and Production Units (PUs) to overlook the sale ....

SBI urges Govt to raise exemption limit to Rs 3 lakh

TOG News Service, NEW DELHI, JAN 23, 2018: THE State Bank of India (SBI), in a report, yesterday suggested that the income tax exemption limit be raised by Rs ....

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ORDER, ORDER!!

MUMBAI, Jan 23, 2018
TP - TPO cannot whimsically reject any comparable in an AY without proving any substantial variance, functionally or otherwise: ITAT ....

NEW DELHI, Jan 23, 2018
I-T- No deduction u/s 24(1) allowed on rental income from factory building leased to sister concern: SC ....

NEW DELHI, Jan 23, 2018
Customs - Department directed to pass speaking order for assessee's claim under Incremental Export Incentivization Scheme: HC ....

NEW DELHI, Jan 23, 2018
Central Excise - Duty paid by one unit, credit eligible for other unit, where both part of same company: CESTAT ....

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EDITOR's KEYBOARD - FROM ARCHIVE

Corruption and Black Money - The Two Soul-eating Ills of India - Do we have a Right to Hope?

By: Shailendra Kumar, Founder Editor

BLACK MONEY continues to be the flavour of the month. Till the midnight of June 4 when a 'harmless' (a la Home Minister's clarification yesterday) attempt was made by the lathi-wielding Delhi Police cops to evict Baba Ramdev and his 40,000 supporters out of Ramlila Ground which later turned ugly with a barrage of accusations made against the Union Government, the ....

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THE INSIGHT

The Role of 'E-Way Bill' in GST

By: G Mohana Rao, Assistant Commissioner (Retd.)

E-way bill mechanism is being introduced w.e.f 1st February, 2018 in respect of inter-state supplies. The States have been at liberty to introduce E-way billfor intra-state trade as and when they desire. However, they will have to implement the same, latest by 1st June, 2018. Whether E-way bill is required at all? Whether it has any meaningful utility in the GST ....

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