Seeking to allay fears of the trading community, the Empowered Committee on Value Added Tax on Thursday said there would no 'inspection raj' when the new state-level tax regime comes into effect from April 2005.
The Assam government wants to ban polygamy as "a component of the Uniform Civil Code" and will form a committee to examine whether the state legislature was empowered to prohibit the practice prevalent in parts of the state, Chief Minister Himanta Biswa Sarma said on Tuesday.
The Supreme Court on Friday said lawyers and professionals with 10 years of experience will be eligible for appointment as president and member of the state consumer commission and district forums.
Will have to pay 12% tax besides 3% education cess.
Tharoor also said the Congress must decentralise authority and truly empower the grassroots office-bearers of the party.
The empowered committee of state finance ministers has approved the position paper of the Centre on the information technology network for the proposed indirect tax regime.
State FMs okay list of tax-exempt services with certain riders.
As the Centre tried to build consensus on its proposal on constitution amendment bill, required for the rollout of GST, and even floated revised draft to please states, some states came out with alternative model that would not require the amendment of constitution.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
Bench, however, did not pass any order against 68 other mines
Karnataka Governor H R Bhardwaj on Thursday again turned the heat on the Bharatiya Janata Party government in the state, accusing it of inaction on the Supreme Court-appointed Central Empowered Committee's report on illegal mining.
Addressing the Lok Sabha on Wednesday, Finance Minister Pranab Mukherjee called for the inclusion of petroleum products in proposed goods and services tax so that sharp domestic price movements can be checked.
Civil servants, armed forces and paramilitary personnel will get to rejoice this Independence Day with the government all set to approve the Sixth Pay Commission report in its Cabinet meeting on Thursday.
The empowered committee of state finance ministers for implementation of value added tax would meet in first half of January 2004, to decide on the implementation of the new tax system.
Tamil Nadu on Monday suffered a setback with a Constitution Bench of the Supreme Court refusing to concede the state's plea for scrapping the high- high-level empowered committee set up to examine the legal and safety aspects of the Mullaperiyar dam in Kerala.
They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.
Finance Minister Pranab Mukherjee said 'yes' in a written reply to the Rajya Sabha when asked whether the chairman of the Empowered Committee of the State Finance Minister has expressed the opinion that it was not feasibile to implement GST from April 1, 2010.
The empowered committee on value-added tax will meet the finance minister in mid-July to discuss the 'roadmap' for the introduction of the new tax regime, after which it will be taken up with political parties for a national consensus.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore (Rs 190 billion) by three low-cost carriers: SpiceJet, IndiGo and Jet Lite.
The finance minister said the consensus between the Centre and states is required to amendment the constitution for implementing goods and services tax.
A discussion paper by the empowered committee of state finance minister released today said taxes levied by the central government like excise, additional excise duty and various surcharges and cesses would be part of the GST.
FM said a Constitution Amendment Bill for introduction of GST will be passed soon.
The ministry of education is yet to take call on the recommendations by the empowered expert committee and the University Grants Commission.
At present, the EPF subscribers are exempted from paying income tax on deposits.
After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.
The empowered committee of state finance ministers on Monday said the Value-added Tax will be implemented from April 1, 2005, even if Uttar Pradesh does not fall in line.
The Madhya Pradesh government on Monday presented an alternative model of the GST but some states immediately raised objections to it.
Kerala-based Kinfra Film & Video Park has received the commerce ministry's approval to set up an International Animation School that is to be built on a private-public-partnership basis.
Karnataka Tourism Minister G Janardhana Reddy on Friday night said the Supreme Court-appointed Central Empowered Committee's report -- describing as 'illegal' the mining of iron ore by the Obulapuram Mining Company owned by him in Andhra Pradesh-Karnataka border -- was not that of the apex court. He said the report by the CEC is an 'ex parte report' since the Obulapuram Mining Company "was never heard before
Companies such as ONGC and Reliance have not been able to meet their work commitments for the blocks they had won under the New Exploration Licensing Policy rounds because of a crunch in availability of deep-sea drilling rigs. The official said oil ministry is moving a note for the consideration of Cabinet Committee on Economic Affairs for giving a drilling holiday from January 1, 2008, to December 31, 2010, for 33 blocks awarded in the fifth round of NELP.
Panel also demanded power to go for additional market borrowing than stipulated.
Finance Minister Jaswant Singh has called off the meeting with empowered committee on value-added tax, scheduled for Tuesday.
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
In a move that will significantly reduce paperwork for producers of goods and services, the draft recommendations submitted by the all-states joint working group on goods and services tax (GST) have said one document will have to be filed.
The Supreme Court on Tuesday upheld the validity of two central laws and the corresponding rules that provide for a maximum tenure of five years for the directors of the CBI and Enforcement Directorate.
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