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TMI - e-Newsletter TaxTMI Company's expenses disallowed, but no penalty as... TaxTMI Goods matched documents like e-way bill and... TaxTMI Income tax reassessment validity: AO initiated... TaxTMI Sale-purchase loss disallowed unreasonably by tax... TaxTMI Revision: Hospital receipts verified, partial... TaxTMI Inflated invoices by employees led to pre-existing... TaxTMI NRI's unexplained mutual fund investment & capital... TaxTMI Land sale profit: Business income or long-term... TaxTMI Lending business earned interest spread, no... TaxTMI Sugar mills' parallel pricing insufficient for... TaxTMI Loan providers' interest rate hikes and penalties... TaxTMI Alleged cartelization dismissed due to lack of... TaxTMI Money laundering case: Balancing PMLA bail... TaxTMI Export of service partly performed outside India... TaxTMI Technical testing firm wins CENVAT credit case;... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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July 15, 2021 Mango export promotion programme organized for the varieties from northern India in Dubai July 15, 2021 CBIC has proactively put in place a COVID Response Plan (CRP) for speedy clearances of COVID-19 vaccines at all major airports July 15, 2021 Text of the intervention of the Commerce and Industry Minister Shri Piyush Goyal atthe Ministerial meeting of the WTO on the fisheries subsidy negotiations July 15, 2021 Commerce Minister bats strongly for India and the Developing World at the WTO; July 15, 2021 CCI receives notice relating to acquisition of equity stake in JSW Cement by Synergy Metals Investments Holding Limited, under Green Channel and is deemed approved July 14, 2021 Issue and Regulation of share capital and securities - Primary (Urban) Cooperative Banks - Draft circular for comments July 14, 2021 Constitution of an Expert Committee on Longevity Finance July 14, 2021 Import clearance time for edible oil comes down significantly to approx. 3-4 days ; there is no clogging of consignments at the ports July 14, 2021 Cabinet approves Revising and Realigning various components of Department of Animal Husbandry & Dairying Schemes and Special livestock package for leveraging investment of ₹ 54,618 crore July 14, 2021 Cabinet approves increase in Dearness Allowance and Dearness Relief July 14, 2021 Income Tax Department conducts surveys in Bengaluru July 13, 2021 Finance Ministry clarification regarding holding of competitive exam of PSBs in local languages by IBPS July 13, 2021 CGST Zones and Directorate General of GST Intelligence booked about 8000 cases involving fake ITC of over ₹ 35000 crore in FY 2020-21 July 13, 2021 Finance Minister Smt Nirmala Sitharaman and Finance Minister of Bhutan Mr Lyonpo Namgay Tshering jointly launch BHIM–UPI in Bhutan July 13, 2021 Auction for Sale (Re-Issue) of (i) ‘5.63% GS 2026’, (ii) ‘GoI Floating Rate Bond 2033’, (iii) ‘6.64% GS 2035’, and (iv) ‘6.67% GS 2050 July 12, 2021 APEDA inks MoU with NAFED for strengthening export linkage of Farmer Cooperatives & FPOs July 12, 2021 Webinars on recent functionalities related to Returns, Ledgers and Payments deployed on GST Portal. July 12, 2021 Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021 July 12, 2021 Module wise new functionalities deployed on the GST Portal for taxpayers July 12, 2021 Framework for Setting up and operating International Trade Finance Services platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’)

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F: DEPRECIATION ON CAPITAL GOODS WITH GST COMPONENT

A: ITC on Telecommunication Towers: Bharti Airtel (SC) implication in GST...

N: Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act...

C: Valuation of repurchase (repo) transactions by Mutual Funds

F: Stock damaged in recent floods

F: ITC on Inward supplies availed in the next Financial Year

F: RCM on Rent for Exempted Commodity

F: RCM on Rent for Composite Dealer

A: ADJUDICATION OF MULTIPLE SHOW CAUSE NOTICES

A: Penalty under Section 129 not imposable due to improper E-Way bill whe...

N: Central Government approves SKAN Research Trust, Bengaluru under the c...

N: Amendment in Notification No. 02/2017-Central Tax, dated the 19th June...

F: GST AUDIT U/S 65 AND SHOW CAUSE U/S 73

H: Personal hearing mandatory before heavy penalty order; natural justice...

H: No invoice/e-way bill discrepancy, areca nut seller deemed owner as pe...

H: Appellate tribunal rejects delay condonation, upholds strict adherence...

H: Apex Court upholds 'socialist' and 'secular' in Constitution's Preambl...

H: GST Circular allows filing rectification for input tax credit claims t...

H: GST hike dispute: Petitioner gets relief, gov't entity to reimburse 6%...

H: Fabric manufacturer wins tax case over CENVAT credit denial due to lac...

H: Fixed deposits in Krishi Bank treated as investments; loss on liquidat...

H: Amalgamated company's income assessment challenged due to jurisdiction...

H: Government Ayurveda Institute's Share Capital Interest Dispute: Treate...

H: Interest on enhanced compensation for land acquisition: Taxable or exe...

H: Cash payment exceeding limit during sale deed registration wrongly pen...

H: Undisclosed income declared under IDS 2016 can't be treated as unexpla...

H: Tax deduction denied for incomplete housing project & excess commercia...

H: Stone article exporters win relief from classification dispute.

F: GST on Solar Plant

A: ELECTRONIC CASH LEDGER