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Flaws in India's GST defeats its purpose

There is much work to be done to design a good GST, notes Parthasarathi Shome. In the last mile, many essential components of a robust goods and services tax India is rushing towards a so-termed......

Oil sector woes not addressed, firms reel under pressure

Various duties of excise on petrol and diesel remains unchanged for the oil and gas industry.   None of the demands of the industry were met   Budget provisions   The......

Transport logistics: Service tax hike is not good for the sector

Having increased the haulage charges by end of 2014 and freight rates in recent railway budget the government the Union Budget 2015-16 has proposed to increase the service tax.  Budget......

Confused about the Budget proposals? Please read this

Extends fiscal deficit reduction roadmap by one year to 2017-18 Raises services tax, to implement GST by April 2016 and cut corporation tax from 2016-17 to 25% by 2020 The Government has presented......

Shipping & ports: Seafarer tax anomaly set to go off

Shipping industry got some positive news in the Union Budget with removing the anomaly in computation of residential status of seafarer working in Indian ship and foreign ship. However, Shipping......
  Web results for Cenvat Credit On Capital Goods
'Mandatory pre-deposit is payable in cases of drawback claim'

We had exported some goods under claim of drawback, which was granted. Then the department alleged misclassification and passed an adjudication... ...
'Duty paid on goods, not on service, can be passed on to customer'

The service of goods transport agency got consumed during transportation of goods from your supplier's premises to your premises TNC Rajagopalan... ...
Draft registration procedure of GST - There is a scope for improvement

Introduction- Sincere is the word when combined with the word Effort makes the road to success as smooth and reliable. Such sincere efforts are... ...
How to Deal with CS Final Advance Tax Laws - A Pass out's Guide

A GUIDE TO : ADVANCED TAX LAWS AND PRACTICE (FOR OLD & NEW SYLLABUS): Group Three of CS Final is A Terror for many students both... ...
Credit of EC and SHEC can be used for payment of Service tax

Dear Professional Colleague, Credit of EC & SHEC can be used for payment of Service tax With the underlying theme of setting the stage for... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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