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Home e-Newsletters Index Year 2018 July Day 28 - Saturday

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TMI Tax Updates - e-Newsletter
July 28, 2018

Case Laws in this Newsletter:

GST Income Tax Customs Corporate Laws Insolvency & Bankruptcy Service Tax Central Excise CST, VAT & Sales Tax Indian Laws



Articles


News


Notifications


Circulars / Instructions / Orders


Highlights / Catch Notes

    GST

  • Concessional rates of GST / IGST on specified handicraft items (5% or 12%) - New Notification no. 22/2018 -Integrated Tax (Rate)

  • Refund of GST due to inverted rate of tax - removal of Fabric from negative list w.e.f. 1.8.2018 - amendments to the Notification 05/2017-Integrated Tax (Rate)

  • Absolute exemption from GST on supply of goods - scope enlarged - Amendments to the Notification 02/2017-Integrated Tax (Rate)

  • Rates of GST on Supply of Goods as per the schedules - Amendments to the Notification 01/2017-Integrated Tax (Rate)

  • Supply of works contract services in relation to construction to the Government - the term "Busienss" explained - Amendments to the Notification No. 8/2017 – Integrated Tax (Rate)

  • Activity which shall neither be treated as supply of good nor a service - amendments to the notification No. 11/2017- Integrated Tax (Rate) - any activity in relation to a function entrusted to a municipality under Article 243W

  • Supply of services by DSA to banks/NBFCs shall be taxable on reverse charge basis - Amendments to the notification No. 10/2017- Integrated Tax (Rate)

  • Exemption to various supply of services - Amendments to the notification No. 9/2017- Integrated Tax (Rate)

  • Rates of GST on services - amendments to the notification No. 8/2017- Integrated Tax (Rate) in relation to Accommodation Services, Multimodal transportation of goods and Supply consisting only of e-book.

  • Income Tax

  • Penalty u/s 271(1)(c) - Revenue expenditure or not - expenses on NPA’s - merely because the assessee has claimed the expenditure, which claim was not accepted or not acceptable to the Revenue, that by itself would not attract penalty u/s. 271(1)(c)

  • Customs

  • Seeks to exempt IGST calculated on the assessable value over and above the value (Pool in Price) at which Urea is sold by Department of Fertilizers to Fertilizer Marketing Entities on high sea sale basis.

  • Service Tax

  • CENVAT Credit - trading activities - common inputs used for providing taxable services as well as in trading activity - the assessee’s argument that there is no mechanism to reverse credit, once taken, in the opinion of this Court, cannot be accepted.

  • Business Exhibition Service - lease out stalls - Cultural Dusshera Exhibition - leasing stalls and land will not fall under the category of “business exhibition services”.

  • GTA Services - transportation of effluents out of operational area to ETP - the transportation of effluents cannot be treated as transportation of 'goods' and hence there cannot be any service tax liability under ‘Goods Transport Agency’

  • Scope of SCN - Banking and Other Financial Services - appellants is a non-banking financial institution - Only a company, corporation or cooperative society would fall within the definition of non-banking financial institution - Demand set aside being beyond the scope of show cause notice.

  • Classification of services - Works contract or Erection, installation, and commissioning services? - Registration under the wrong classification earlier by the assessee will not help the revenue - in the earlier classification of the appellant, the erection, installation and commissioning services, would not preclude them from the benefit under Works Contract Service.

  • Reverse Charge Mechanism - GTA Service - The argument that since the service providers are mostly individual truck owners do not fall under goods transport agency is not legally sustainable and the GTA service provided by the individual truck owner is leviable to the service tax.

  • Central Excise

  • Valuation - inclusion of the design, drawing and layout charges in the assessable value of printed cartoons - Section 4(3)(d) - demand confirmed.


Case Laws:

  • GST

  • 2018 (7) TMI 1688
  • Income Tax

  • 2018 (7) TMI 1687
  • 2018 (7) TMI 1686
  • 2018 (7) TMI 1685
  • 2018 (7) TMI 1684
  • 2018 (7) TMI 1659
  • 2018 (7) TMI 1654
  • 2018 (7) TMI 1653
  • 2018 (7) TMI 1652
  • 2018 (7) TMI 1651
  • 2018 (7) TMI 1640
  • Customs

  • 2018 (7) TMI 1681
  • 2018 (7) TMI 1680
  • 2018 (7) TMI 1656
  • 2018 (7) TMI 1650
  • 2018 (7) TMI 1649
  • 2018 (7) TMI 1648
  • Corporate Laws

  • 2018 (7) TMI 1683
  • Insolvency & Bankruptcy

  • 2018 (7) TMI 1690
  • 2018 (7) TMI 1689
  • Service Tax

  • 2018 (7) TMI 1679
  • 2018 (7) TMI 1678
  • 2018 (7) TMI 1677
  • 2018 (7) TMI 1676
  • 2018 (7) TMI 1675
  • 2018 (7) TMI 1674
  • 2018 (7) TMI 1673
  • 2018 (7) TMI 1672
  • 2018 (7) TMI 1671
  • 2018 (7) TMI 1670
  • 2018 (7) TMI 1669
  • 2018 (7) TMI 1668
  • 2018 (7) TMI 1658
  • 2018 (7) TMI 1657
  • 2018 (7) TMI 1647
  • Central Excise

  • 2018 (7) TMI 1682
  • 2018 (7) TMI 1667
  • 2018 (7) TMI 1666
  • 2018 (7) TMI 1665
  • 2018 (7) TMI 1655
  • 2018 (7) TMI 1646
  • 2018 (7) TMI 1645
  • 2018 (7) TMI 1644
  • 2018 (7) TMI 1643
  • CST, VAT & Sales Tax

  • 2018 (7) TMI 1664
  • 2018 (7) TMI 1663
  • 2018 (7) TMI 1662
  • 2018 (7) TMI 1661
  • 2018 (7) TMI 1660
  • 2018 (7) TMI 1641
  • Indian Laws

  • 2018 (7) TMI 1642
 

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