Leaf No: 81 Month : Dec - Jan Year : 2017

Happy New Year from Team SA!

  Budget Session to begin on Jan 31, Budget to be tabled on Feb 1, recommends CCPA DESPITE protests.

 Government has clarified that the service charges collected by hotels and restaurants are voluntary and optional payment which a consumer may not pay if one is not happy with the services rendered by such commercial entities.

 President approved the promulgation of an ordinance that will help extinguish the Reserve Bank of India and the government's liability towards the demonetised Rs 500 and Rs 1,000 notes after March 31, 2017, and provides for a minimum fine of Rs 10,000 or five times the face value of such notes found in possession of anyone after that date.

 CBDT extends Direct Tax Dispute Resolution Scheme, 2016 to Jan 31, 2017.

 India to have the world's largest renewable energy capacity expansion.

 The Central Government invites the comments of stakeholders and public on the Report of the Financial Redressal Agency by 31st January 2017.

 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fifteenth Amendment) Regulations, 2016.

 Evidence of Import under Import Data Processing and Monitoring System (IDPMS).

 Invitation of suggestions from stakeholders and officers, on consolidation of Rules and Regulations and review of procedures to bring about a quantum jump in the ease of doing business.

 GST IN INDIA - AN OVERVIEW

 REGISTRATION

 REGN CHECK LIST -I 

 REGN CHECK LIST - II

 REGN CHECK LIST - III

 REGN CHECK LIST - IV

 REGN CHECK LIST - V

 REGN CHECK LIST - VI

 REGN CHECK LIST - VII

 SUPPLY & VALUATION

 MIGRATION

 GUIDANCE NOTE FOR MIGRATION

 D.O. LETTER  IT DT 6.1.17

 GUIDE TO TAXPAYERS

 COMMUNICATION ON MIGRATION

 MIGRATION HELP

 Declaration of Specified Bank Notes.

 Extension of Single Window Interface for Facilitation of Trade (SWIFT) to Exports.

 Withdrawal of instructions to keep Show Cause Notice issued by DGDRI, DGCEI and Customs (Prev.)  in the Call Book.

 Seven Pre - Shipment Inspection Agencies have been approved under the heading “New PSIAs recognized in terms of FTP 2015-20” in Appendix 2G.

 The procedure for claiming Chapter 3 benefits for exports notified.

 Regd Exporters System notified.

 Corrections in SION.

 Amendment in Chapter 2 of the Handbook of Procedure (2015-20).

 Service Tax Rules, 1994 amended.

 Notification 25/2012-ST amended.

 Service Tax Rules, 1994 amendedi wrt aggregators.

 Notification No. 30/2012-ST amended.

 Notification No. 26/2012-ST amended.

 Notification No. 12/2012-CE amended.

 Amendments in the First Schedule to the Central Excise Tariff Act, 1985.

 Notification 49/08-C.E.(N.T.) amended.

 Notification under Section 11C on Plain (un-modified) Tamarind Kernel Powder.

 Notification No 12/2012-Customs dated 17.03.2012 further amended.

 S. No. 284A of Notification 12/2012-Cus withdrawn.

 Notification No.69/2004-Cus amended.

 Rate of exchange notiifed.

 Tariff values notified.

 Notification 63/94-Cus.(N.T) amended.

 Notification 131/2016-Cus amemded.

 Iron and Steel used in manufacture of other goods which in turn used in execution of works contract not eligible for deduction - B. Narasamma V DCCT, Karnataka - 2016 96 VST 357 (SC).

 Value of work awarded by Contractor to sub-contractors not to be included for computing total turnover of contractor for payment of turnover Tax - Larsen & Toubro Limited V Additional Deputy Commissioner of Commercial Taxes & Anr - 2016 96 VST 512 (SC).

 Assessee cannot be burdened with demurrage and detention charges when detention is not on account of fault of petitioner - Shri Lakshmi Steels V UOI - 2016 TIOL 3106 HC P& H CUS.

 Assessment of liability without Show cause notice under Section 28 does not vitiate entire assessment proceedings - Jai Balaji Industries Ltd V Dy. Commr of Customs - 2016 342 ELT 162 Cal.

 Availment of credit by manufacturer not to affect right of merchant exporter to endorse and transfer DFIA licence in favour of third parties - SESA International Ltd V DGFT - 2016 342 ELT 481 Cal.

 Declaration of Rule 5A (2) regarding audit as ultra vires does not affect the legality of show cause notice issued on basis of materials gathered during such audit - Rategain Travel Technologies Pvt Ltd V UOI - 2016 45 STR 493 Del.

 Process of affixing labels with correct MRP on goods returned not covered under deemed manufacturing process - CCE V Ranbaxy Laboratories Ltd - 2016 342 ELT 226 H.P.

 Assessee cannot selectively accept portion of order of settlement commission and dispute correctness of other portions of order which is not favourable to them - Fitness One Group India Ltd V Settlement Commission - 2016 TIOL 3097 HC MAD CX.

 Prescribed form of document for availing credit is merely a prima facie proof, even in absence of such prescribed form, credit is eligible if assessee can prove that transaction is genuine and tax has been paid to selling dealer - Avdesh Tracks Pvt Ltd V State of Punjab - 2016 342 ELT 513 P & H.

 Oil cess is included in excise duty for the purpose of levy of education cess and SHE cess - UOI V Cairn Energy India Pvt Ltd 2017 345 ELT 17 Raj.

 Specific exemption under Notification 25/2012 ST for services by way of construction, erection, commissioning or installation of original works pertaining to railways applies to both Government railway and non-Government Railway – 2016 (45) STR 583 (AAR) – In Re: Steadfast Corporation Ltd.

 

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