'We had just kept their recognition in abeyance, pending a verification with regards to new AITA President'
India, the world's largest consumer of gold, has imported 393.68 tonnes of the yellow metal during the April-September period of this year
Ahead of the Budget, Finance Minister Arun Jaitley on Tuesday underlined the need for tax reforms and quick decision making to ensure stability in policy regime.
The government on Friday slashed the import tariff value on gold and silver to $405 per ten gram and $642 per kg, respectively, in line with global trends.
The government on Thursday slashed the import tariff value on gold for the second straight day to $ 414 per 10 grams and silver to $672 per kg, in line with weak global prices of the precious metals.
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
Tatas and Singapore Airlines have assured the government that control of their proposed airline venture would always remain in Indian hands, while seeking approval to offer passenger services on both domestic and international routes.
The instructions cite service rules that bar any government servant from making any adverse criticism of any policy or action of the government.
The confidence that GST Network is capable of handling the returns, payments, reconciliation, refunds, etc., has been badly shaken.
Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.
The time the companies have to get ready for GST is 6 to 12 months.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
SGI Commex chairman G S Srivastava, an art connoisseur, said the aircraft, an Airbus A319-133 with registration of CJ VT-VJM, will be converted into an art pilgrimage venture
Group of ministers to review progress every fortnight.
The excise duty on unbranded petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
The levy has also been removed on low cost houses up to a carpet area of 60 square metres in a housing project under any housing scheme of the state government.
'In a nation where safety standards are the lowest in the world, why make compliance expensive?' asks Aakar Patel.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
Top Congress sources said they would not hold up the Bill.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
Foreign Trade Policy: More incentives for exports, focus on ease of trading
The minister said any declaration made under the law will be protected
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
Indian economy about to take-off
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