'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.
'Daswand' -- or the receiving of donations of one-tenth of a devotee's earning -- has landed self-styled spiritual guru 'Nirmal Baba' in trouble with a notice having been slapped on him for alleged Service Tax evasion of Rs 3.5 crore.
The Central Excise Department said it has slapped service tax of Rs 6 crore on the Preity Zinta co-owned KPH Dream Cricket, which is part owner of IPL franchise Kings XI Punjab.
Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
On behalf of BCCI, the three-member Committee of Administrator (CoA) along with CEO Rahul Johri will meet Manohar.
A courier company owner was arrested for allegedly evading service tax of about Rs 70 lakh
The government on Friday removed an anomaly in the recent excise duty cuts by bringing down the duty on microprocessors, other than motherboards, to zero from the current 16 per cent.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
"We have raided and destroyed poppy crops in 24 acres of land under the Imamganj police station," Omprakash Singh, a senior official of the Excise Department, told rediff.com. Singh said the Maoist had cultivated opium to make money for their illegal activities and continue their operations against the police.
All the details from the meetings of the Committee of Administrators (CoA) held on July 6 and on June 29
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
Sugar mills may get some relief from the government following a proposal to raise the interest rate subsidy on loans against excise duty paid by the mills during the last and current financial years.
The outstanding dues of Central Board of Excise and Customs mounted to Rs 14,222 crore (Rs 142.22 billion), with over 53,600 cases pending in various courts till June 2003.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
References to the repealed laws for service tax, purchase tax, etc, continue in the SEZ laws.
Central Board of Indirect Taxes and Customs said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
Consensus seems a problem before the current session of Parliament ends.
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
Former chief minister Tarun Gogoi demanded a CBI inquiry into the episode
Record sugar output has also yielded molasses production way beyond market demand and plant capacity of state distilleries and country made liquor units
The revenue department is examining the service tax on industry and service providers, particularly in the telecom sector, to ensure that there is no incidence of double taxation, an official of the department said.
Majlis-e-Ittehadul Muslimeen chief and Hyderabad MP Asaduddin Owaisi was on Thursday granted bail in connection with a 2005 case against him for allegedly obstructing the then Medak district collector and other officials from discharging their duties.
A local court on Wednesday dismissed the bail plea of All India Majlis-e-Ittehadul Muslimeen chief and Hyderabad Member of Parliament Asaduddin Owaisi for the second time in two days in connection with a 2005 case against him.
The CJI said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases.
Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
Sunanda K Datta-Ray considers them sound in theory, but incapable of making any dent in the corruption that is India's way of life.
CBEC alleges that the company imported semi-knocked down cars but paid duty for completely-knocked down car units.
Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.
The government has slapped a notice of Rs 5 crore demand on trusts run by Ramdev in connection with alleged service tax evasion while organising their yoga camps.
Tariff value is the base price on which the customs duty is determined to prevent under -- invoicing.
IOC along with HPCL and BPCL took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.
Total collection of indirect taxes -- excise, customs and service tax -- stood at about Rs 3,55,003 crore (Rs 3,550.03 billion) during the first nine months of 2013-14 as against Rs 3,34,309 crore (Rs 3,343.09 billion) in the year-ago period, sources in the Finance Ministry said.
Tata Motors on Monday reported consolidated revenue (net of excise) at Rs 7,702.66 crore (Rs 77.02 billion), an increase of 42 per cent as against Rs 5,428.88 crore (Rs 54.28 billion) in Q2 FY06.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
Tobacco major ITC is weighing legal options in the wake of Centre's move to demand Rs 450 crore (Rs 4.5 billion) from it in connection with excise evasion after arming itself through an ordinance with power to modify past excise rules.
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