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Archive: 23 November 2009

Posts in 23 November 2009

Tax arrears increased to 2 Lakh crore

November 23, 2009 591 Views 0 comment Print

The total tax arrears have galloped to nearly Rs 2 lakh crore till September 30, 2009, an amount sufficient to fund at least half of the government’s budget deficit for the current financial year. But, surprisingly, the government has said that it can only recover Rs 13,000 crore, about 6.5% of the total outstanding, from corporates and individuals on whom the tax is pending.

Labour Ministry opposed move to bring EPFO activities under service tax net

November 23, 2009 741 Views 0 comment Print

The finance and labour ministries have locked horns over the issue of bringing retirement fund manager EPFO under the service tax net. The Central Board of Excise and Customs has slapped a notice for recovery of service tax on Employees’ Provident Fund Organisation (EPFO) but the Labour Ministry has opposed it saying the organisation was not doing any commercial activity.

RBI Circular on Up-gradation of RTGS System to Windows 2008

November 23, 2009 843 Views 0 comment Print

. In order to facilitate the upgradation, we enclose Hardware and Software specifications for Server and Client machines. It may be noted that hardware specifications mentioned are the minimum requirements. However, you may decide the size of the hardware based on your specific needs. As regards Hardware Security Module (HSM), we are in the process of finalizing the suitable products and will advise you shortly.

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