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Updates of the day...

Updates Of the Day
1.STBA is organising conference on GST and Indirect Taxes on Friday, 16.10.15 at Sri Sathya Sai Centre, Lodhi Road, New Delhi. fee Rs. 1000/-. For registration call Adv. Suresh Agarwal 9810197362.
2.Restrictions on input tax credit under Haryana VAT Only to the extent of output tax in case of interstate sale. Notification No. 22/ST-1/H.A.6/2003/S.59/2015 dated 7th Sep, 2015.
3.New forms AOC-4 (Non-XBRL Form), MGT-7, ADT-2 & SH-9 released and available for filing w.e.f. 25.09.2015.
4.Directorate of central excise intelligence, Chennai zonal unit arrested director of a Chennai based limited company providing it software services for failing to remit the service tax collected to the government exchequer.
5.Buyer is entitled to avail credit of duty paid by the seller even if it has been wrongly paid- Heena Pack Pet P Ltd. (Delhi Cestat)
6.Non attendances of assessment proceedings due to CA busy in tax audits in the month of September held reasonable cause for non levy of penalty u/s 271(1) (b) by ITAT Mumbai in Ramesh Kumar Jain.
7.The process of cutting of stainless steel pipes of larger size with electric cutter and including painting and welding of pipes amounts to manufacture or production. [CIT vs. Megha Dadoo, High Court of Himachal Pradesh]
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