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Amendment in Para 2.07 of Foreign Trade Policy, 2015-2020
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CBDT notifies computation formula for exempt income of specified funds under Clause 4D of Sec 10
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DGFT amends import policy of Integrated Circuit s (1Cs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of ITC (HS), 2017, Schedule - I (Import Policy)
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DGFT grants waiver of fees and extends timeline for modification of IEC till Aug 31, 2021
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Import of Split Cassia label as Cinnamon
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Seeks to levy anti dumping duty on imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand for a period of five years.
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ORDER, ORDER!!

Mumbai, Aug 16, 2021
TP - Where assessee has advanced loan to its AE, rate of interest would be based upon rates prevailing in country where loan is utilised: ....

Chandigarh, Aug 16, 2021
I-T - Interest earned on account of funds borrowed for specific purpose cannot be taxed: ITAT ....

Kolkata, Aug 16, 2021
Central Excise - As per settled law, Cenvat Credit on welding electrode is allowed: CESTAT ....

Bengaluru, Aug 16, 2021
Central Excise - As per Section 140(1) read with Explanation 1 to Section 140(10) of CGST Act, 2017, education cess & secondary education cess is ....

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GST LATEST

THE INSIGHT

Production Linked Incentive Scheme (PLI) for Automobile & Auto Components

By: CMA Ashok Nawal

GOVERNMENT of India is focusing on promoting environmental friendly electric vehicles and electric batteries. The Phase-I of this Scheme was initially launched for a period of 2 years, commencing from 1st April 2015, which was subsequently extended from time to time and the last extension was allowed up to 31st March 2019. The 1st Phase of FAME India Scheme ....

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GST NEWS

New Delhi, Mar 22, 2021
TOG News Service
CBIC rejects rumors of WhatsApp or SMS directing discharge of Minimum Tax Liability in cash ....

New Delhi, Mar 17, 2021
TOG News Service
Govt not considering faceless assessment of GST: Finance Ministry ....

New Delhi, Mar 16, 2021
TOG News Service
GST Compensation: Centre releases final instalment of Rs 4,104 crore ....

New Delhi, Mar 10, 2021
TOG News Service
Gurugram GST officers arrest 2 for defrauding exchequer of over Rs 690Cr ....

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TIOL TUBE LATEST

   

NEWS PILLS

Vivad Se Vishwas scheme - Tax demands of Rs 99,756 crores settled

TOG News Service, New Delhi, Aug 09, 2021: THE scheme ‘Vivad Se Vishwas' is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by ....

Govt releases Rs 2516.73 crores to Urban Local Bodies in 2021-22

TOG News Service, New Delhi, Aug 05, 2021: THE Department of Expenditure, Ministry of Finance has released an amount of Rs. 685.80 crore to 4 States for providing grants to the Urban Local ....

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EDITOR's KEYBOARD - FROM ARCHIVE

From 1947 - chhake par chhaka - India has 'grown' but not all 'Indians'!

By: Shailendra Kumar, Founder Editor (October 03, 2013)

TODAY, we live in a sensational world of State-sponsored political controversies. Unlike 1947 when all controversies were born out of conflict of principles and ideologies practiced by our political leaders of different hues, after 66 years, we - the common man - are fighting hard to cope up with controversies emanating from lack of principles and morality in politics. ....

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