GOODS AND SERVICE TAX REPORTS (GSTR) HIGHLIGHTS
F Court cannot read anything into statutory provisions or stipulated conditions which are plain and unambiguous : Dayal Alloy and Steel Castings v. Commissioner of Central Exicse (Jharkhand) P. 385
F Order of Tribunal taking lenient view and reducing redemption fine and penalty not interfered with : Dayal Alloy and Steel Castings v. Commissioner of Central Exicse (Jharkhand) P. 385
F Where short-payment was due to fraud or collusion, or was intentional or deliberate not alleged, longer period of limitation not applicable : Hindustan Insecticides Ltd. v. Commissioner of Central Exicse (Delhi) P. 394
F Re-examination of witnesses by investigation officer does not amount to abdication of authority by adjudicating authority and not case of bias causing prejudice to assessee : Vijay Cements v. Additional Director General, Directorate General of Central Excise Intelligence (Mad) P. 405
F Time limit prescribed under 1944 Act absolute and unextendable by courts under section 5 of 1963 Act : Kaizen Organics P. Ltd. v. Union of India (Raj) P. 417
F Order rejecting revision petition as barred by limitation and not on merits does not merge with appellate order : Kaizen Organics P. Ltd. v. Union of India (Raj) P. 417
F Absence of evidence of diversion of goods to domestic market, ipso facto, would not entitle assessee to benefit of rule 19 : Kaizen Organics P. Ltd. v. Union of India (Raj) P. 417
F Attachment of bank account towards demand pending appeal against adjudication order along with stay application, not justified : Direction to issue circular for due observance of directions of court in [2013] 18 GSTR 554 (Bom) : Patel Engineering Ltd. v. Union of India (Bom) P. 429
F Exclusion of writ jurisdiction due to availability of alternative remedy is rule of discretion and not one of compulsion : Suresh Parshuram Gokhale v. Collector of Customs and Central Excise (Bom) P.431
F Burden of proof on assessee to prove articles not smuggled goods : Suresh Parshuram Gokhale v. Collector of Customs and Central Excise (Bom) P.431
F Freezing of bank account not seizure of goods or documents : Where freezing of assessee's bank account with a view to stop withdrawal of proceeds of alleged violations under 1962 Act, assessee not entitled to defreezing of account unconditionally : Ravi Crop Science v. Union of India (Delhi) P.456
F Confiscation of goods under section 113(d) independent from penalties imposable under section 114(1) : Plasto Fine Industries v. Commissioner of Customs (Trib-Ahd) P. 443
F No proof that castor oil procured by special economic zone units from domestic tariff area units directly exported without following prescribed procedure, exporter and its director not penalised : Crl Terminals P. Ltd. v. Commissioner of Customs (Trib-Ahd) P. 452
F C. B. E. C. Circulars :
Circular No. 174/9/2013-ST, dated 25th November, 2013-Service Tax Voluntary Compliance Encouragement Scheme-Regarding P. 132
Circular No. 175/1/2014-ST, dated 10th January, 2014-Levy of service tax on services provided by a resident welfare association (RWA) to its own members-Regarding P. 136
Circular No. 176/2/2014-ST, dated 20th January, 2014-Clarification regarding issue of discharge certificate under VCES and availment of Cenvat credit-Regarding P.139
Circular No. 979/3/2014-CX, dated 15th January, 2014-Implementation of decision of hon'ble Supreme Court in case of Fiat India Ltd.-Regarding P. 129
Circular No. 980/4/2014-CX, dated 24th January, 2014-Divergent practices of assessment with respect to compounded levy scheme applicable for smokeless tobacco products-Regarding P. 140
F Notifications :
Customs Act, 1962 : Notification under section 14(2) : Rates of basic customs duty on specified goods : Amendments P. 142, 143
Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 : Notification under rule 11(1) : Extension of period for submission of final findings on safegaurd investigation P. 141
| COMPANY LAW INSTITUTE OF INDIA PVT. LTD. No. 2, Vaithyaram Street, T.Nagar, Chennai - 600017. Phone: (044) 24350752 - 55 Fax: (044) 24322015 info@cliofindia.c |
On Tuesday, 11 February 2014 5:08 AM, CA. VMV SUBBA RAO <vmvsrao@gmail.com> wrote:
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Tax Audit Limit Increased From 45 to 60 for audits conducted during the financial year 2014-15 and onwards. - (11-02-2014)
In the Council General Guidelines, 2008, the Council Guidelines No.1-CA(7)/02/2008, dated 8th August,2008, in Chapter VI "Tax Audit assignments under Section 44AB of the Income-tax Act, 1961 ", in Explanation given in Para 6.1, in sub-para(a) and sub-para(b), the figure "45" be substituted with the figure "60".
Best Wishes
CA. V.M.V.SUBBA RAO
Chartered Accountant
Door No.24-2-1885,
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Central Avenue, MSR Nagar,
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Nellore-524 003
Andhra Pradesh
India
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e-Mail: vmvsr@rediffmail.com
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