- SC : Ink & chemicals used in lottery-ticket-printing under works-contract taxable as 'sale'; Finds tangible transfer
- SC : Upholds ITC benefit for purchaser-dealer despite selling-dealer's failure to deposit tax
- SC permits DRI probe into goods transshipped from Pakistan; Suspends HC’s SCN deadline
- SC dismisses Revenue’s SLP on dropping Rs. 125 cr service-tax demand over Airtel’s call free allowance
- SC : Upholds Cadbury's ‘Perk’ classification as ‘Wafer Biscuit’ entitled for concessional duty-rate; Dismisses Revenue’s appeal
FM Arun Jaitley states that GST to be implemented from April 1, 2016; Further, states that apart from GST, parallel reforms are also in pipe line in direct tax structure; Tax collection in 2016 reasonably good, hence, there will be positive impact of demonetising of higher value currency notes; Assures no harassment for people making small deposits exchanging old currency
Press Release dated November 10, 2016
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