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Saudi Arabia imposes temporary visa ban on 14 countries, including PakistanUK protests against Israel detaining two British lawmakersGovt to set up dedicated startup India desk for budding entrepreneursDelhi Govt takes stern action against steep fee hike by private schoolsUK MP Dan Norris arrested for alleged child sex offencesIndian-American country judge nabbed on money-laundering chargesAustralia pledges 2.3 bn Australian dollar to enable households buy solar batteriesIndia, Lanka sign MoU on defence cooperationCX - Mere interconnection under Income Tax law does not establish a related party transaction under Central Excise law, thereby invalidating department's demand for duty at 110% of production cost: CESTATOwaisi moves SC against Waqf Amendment ActNo TDS to be deducted u/s 194EE on payments u/s 80CCAST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTATCBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCsST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTATKessler Syndrome: Over 1200 objects of space debris banged into earth in 2024CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTATTrump grants another 75-day to TikTok to find Chinese buyerEU fears Trump beer tariffs may cost one lakh jobsTrump tosses out National Security Agency DirectorBudget Session of Parliament adjourns sine-die; 16 Bills passedHamas says Israeli offensive in Gaza is fatal for hostagesEuropean Commission votes to freeze existing sustainability rules to compete with China and USParliament passes Protection of Interest in Aircraft Objects Bill, 2025US economy adds 2.28 lakh jobs in March monthI-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITATChina retaliates; imposes 34% tariffs on American goods

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Enactment of Finance Bill 2016 - CBEC Confirms


indirect tax dispute resolution scheme 2016

ye scheme jab declare hui thi tabhi samajh men aa gaya tha ki fail hogi isiliye utsaah kam hai board men bhi. commissioner appeal level par disputes 10% hotey hain wahan to 90% greviencaes hotey hain. jo assessee fake aur invlid SCNs aur equally unjustified OIOs se pareshaan hokar appeal men gaya hai wo kyon bhala tax interest aur 25% penalty bharega bhai. common sense ki baat hai. kya vitt mantri ye sochkar baithe hain ki har appeal men gaya assessee tax chor hai.wahan appeal men 90% cases department ke sataye hue rehtey hain.agar judicious authority hearing legi to ganimat otherwise tribunal ke changul men fansna jaroori ho jata hai.

gandagi ki shuruwat scn se ho rahi wahin stop kijiye na, unki validity check karwani chahiye issue hone ke pehle. legally sustainable hon to hi anumati mile.nazib shah saab board circular jari kar chuken hain pichle sal hi ki SCN dekhkar, soch samajh kar jari kiya jaye.

aapne to balki 30 mahine ka time dekar bhedchaal wale afsaron ke aur haath majboot kar diye.

Navin Khandelwal 01/06/2016

 

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