Architects must blend traditional wisdom & modern science, with eye on sustainability: Naidu (See 'TOG News')PM to launch 10K FPOs today (See 'TOG News')Krishi Vigyan Kendras to uplift small & marginal farmers: Tomar (See 'TOG News')TP - PSUs do not operate merely with profit motive & have other social objectives too - hence they cannot be adopted as comparables to private companies: ITAT (See 'TOG Latest')I-T - Interest income from Savings Bank a/c does not qualify for grant of deduction u/s 80P(2)(a)(i), if it is claimed by a cooperative credit society, which is not a cooperative society: ITAT (See 'TOG Latest')Customs - Orders passed by lower authorities are not sustainable if passed after relying on Circular which was subsequently superseded: CESTAT (See 'TOG Latest')VAT - Even if CBIC notification is not binding upon authorities under GVAT Act, interpretation of entries made by the CBIC cannot be ignored for classification of products: HC (See 'TOG Latest')Govt entices Japanese investment in Steel industry (See 'TOG News')Machine Learning & AI can add 1.3% to India's GDP: Kant (See 'TOG News')INTL - Issue regarding attribution of global profit @ 35% instead of 75% in respect of Indian PE settled in assessee's favor in its own case for past period - no reason to adopt differing view: HC (See 'TOG Latest')I-T - Exercising power of revision is sustained where AO overlooked the fact that assessee under-stated its revenue from mining operations: ITAT (See 'TOG Latest')Central Excise - 100% credit availed on capital goods in same FY instead of 50% but excess credit was not utilised - no requirement to pay interest: CESTAT (See 'TOG Latest')Customs - Role of Customs Broker had not even begun as the goods (red sanders) were apprehended well before they reached port - hence, no penalty imposable: CESTAT (See 'TOG Latest')Coast Guard inducts state-of-the-art patrol vessel (See 'TOG News')New Return - RET-1 - Taxpayers would 'bless' if GST Council defers it! (See 'THE COB(WEB)' in TIOL)Payment received from employees for Notice Period - no ST/GST (See 'THE INSIGHT')
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JUST GAZETTED


CBIC implements automated clearance at Customs Houses
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CBIC slashes tariff value of Gold & Edible oils; hikes that of Silver
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Black Money Act - HC notifies CJM Courts for its cases in Punjab & Haryana
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Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures of Foreign Trade Policy, 2015-20
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CBIC hikes tariff value for Gold
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DGFT permits free export of certain medical equipment
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< More Circular / Notification / Instruction >

ORDER, ORDER!!

New Delhi, Feb 28, 2020
TP - PSUs do not operate merely with profit motive & have other social objectives too - hence they cannot be adopted as comparables to ....

Ahmedabad, Feb 28, 2020
I-T - Interest income from Savings Bank a/c does not qualify for grant of deduction u/s 80P(2)(a)(i), if it is claimed by a cooperative credit ....

Bengaluru, Feb 28, 2020
Customs - Orders passed by lower authorities are not sustainable if passed after relying on Circular which was subsequently superseded: CESTAT ....

Ahmedabad, Feb 28, 2020
VAT - Even if CBIC notification is not binding upon authorities under GVAT Act, interpretation of entries made by the CBIC cannot be ignored for ....

< More News >
   
   

GST LATEST

THE INSIGHT

Payment received from employees for Notice Period - no ST/GST

By: Shalini Singh

THE Madras High Court in the case of   GE T & D India Limited v. Deputy Commissioner of Central Excise - TOG-203-HC-MAD-ST-2020 held that service tax is not leviable on the payment received by the Petitioner in lieu of notice period paid by the outgoing employees.

Facts of the case:

  < More INSIGHTS >
   

GST NEWS

New Delhi, Jan 23, 2020
TOG News Service
Govt eases manner of filing Form GSTR-3B ....

New Delhi, Jan 07, 2020
TOG News Service
CBDT, CBIC & GSTN to exchange data on quarterly basis ....

New Delhi, Jan 02, 2020
TOG News Service
GST collections for Dec 2019 cross Rs 1 lakh crore mark ....

New Delhi, Dec 18, 2019
TOG News Service
GST - Tax rate for lottery fixed at 28% ....

< More GST News >

TIOL TUBE LATEST

   

NEWS PILLS

Architects must blend traditional wisdom & modern science, with eye on sustainability: Naidu

TOG NEWS SERVICE, MAMALLAPURAM, FEB 29, 2020: THE Vice President of India, Mr M Venkaiah Naidu yesterday called upon all architects and town planners to keep conservation and sustainability at ....

PM to launch 10K FPOs today

TOG NEWS SERVICE, NEW DELHI, FEB 29, 2020: THE Prime Minister, Mr Narendra Modi, shall launch 10,000 Farmers Producer Organisations all over the country at Chitrakoot, 29th February ....

  < More News >

EDITOR's KEYBOARD - FROM ARCHIVE

The Ghost of Satyam-gate Is Back But No Relief for Faceless Investors!

By: By: Shailendra Kumar, Founder Editor (Dated: Jan 12, 2012)

THE 'Satyam Saga' or call it 'The Satyam-gate', which had imploded early January in 2009, is back on the front-page or the Prime Time slot of the Indian Press and media. Waking up from the deep slumber of 34 months, the Mahindra Satyam's management has filed a civil suit against a host of alleged culprits for damages of more than ....

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