chamber of commerce

Industry chambers today strongly pitched for corporates entering the banking space, with all of them stating that a lower capital requirement would be detrimental in the long-run and that deep-pocket industrial houses with good track record be given Full Article

The Government should implement the GST regime with defined sharing arrangement between the State and the Centre, thereby protecting the interest of the State in generating revenue. How will carbon credits be taxed under the proposed Goods and Services Tax regime? Full Article

The date for rolling out the Goods and Services Tax could be announced on January 8, the Chairman of the Empowered Committee on State Finance Ministers, Asim Dasgupta, said today. "There will be a joint statement after a meeting with Finance minister Pranab Mukherjee on January 8 on GST rollout," Dasgupta told reporters on the sidelines of the 23rd industrial trade fair, organised by the Bengal National Chamber of Commerce and Industry here. Full Article

The main attraction of the Direct Taxes Code 2009 will be the simplicity of the provisions, Mr P.V. Bhide, Secretary-Department of Revenue, Ministry of Finance, said.The level of understating between the assessees and department will be higher, Mr Bhide said at a presentation on the code organised by the Indian Chamber of Commerce and Industry here recently. Full Article

The Institute of Chartered Accountants of India (ICAI) has decided to serve show cause notice to the auditors of the tainted Satyam Computers, ICAI central council member K Raju saidon Monday. ICAI had appointed a six-member high power committee to look into the Satyam fiasco and submit a report soon, he said, while addressing the [...] Full Article