The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
Make In India and the reduction in barriers of trade will potentially create a growth environment.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
Seven months down the line, not much progress has been made, except that the scheme is still being fine-tuned.
The disagreement between the Centre and states continued over administrative powers.
Non-compliance, underreporting or misreporting will attract a penalty of 50-200 per cent. The authorities may during assessment even tax assets that are 15-20 years old
CAF Bill's fate to be decided on Monday
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
Urban ministry changes rule before public consultation by environment ministry
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
In its final order, the environment ministry had concluded that the upfront payment of Rs 200 crore as Environment Restoration Fund for violations and damage done was not permitted under the Environment Protection Act. Consequent to this order, the penalty that could be imposed on any confirmation of violation in the future is a maximum of Rs 1 lakh.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Prakash Javadekar set a scorching pace of changes in the environment ministry during his two-year tenure. He has the talent to calm ruffled feathers in the education sector, while proceeding with the government's agenda in this space.
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
Adani Ports & SEZ was ordered to pay for damage to environment during the UPA govt
EU operates as one block at the climate change negotiations and takes a single greenhouse gas emission reduction target under the Paris Agreement
After recognising its adverse health effects, the govt has now dismissed its own lab reports to conclude that the evidence against plastic is insufficient.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
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