The total number of detection and recovery made in respect of Central Excise and Service Tax evasion cases during 2013-14 to 2016-17 (upto October, 2016) is given in the ANNEXURE.
Department of Revenue had withdrawn custom duty exemption in case of 76 drugs where sufficient indigenous capacity was available and bulk of the requirement was being met from indigenous sources.
There is no official estimation of the amount of black money either before or after the Government’s decision of 8th November 2016 declaring that bank notes of denominations of the existing series of the value of five hundred rupees and one thousand rupees shall cease to be legal tender with effect from 9th November 2016.
Under the Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016, no woman shall be required or allowed to work in a shop or establishment except between the hours of 6 a.m. to 9 p.m.
The office of the Comptroller & Auditor General (C & AG) conducts compliance as well as performance audit relating to specific area of work of the Department. Such an audit on the ssue relating to “Allowance of deduction to the assessees engaged in Infrastructure Development” was conducted by the C & AG in the year 2015 and the report was tabled in Parliament on 22/11/2016
Pradhan Mantri Garib Kalyan Yojana, 2016 provide no immunity from FEMA, PMLA, Narcotics and cover deposits made from November 10, 2016
In present indirect taxation system, cascading of tax is significant due to non-availability of ITC at various stages. Following are certain instances of such cascading of taxes
These rules may be called the National Company Law Tribunal (Amendment) Rules, 2016. They shall come into force on date of their publication in Official Gazette.
We all come across situations wherein our personal finances go beyond control. Despite trying hard to maintain it every month, we fail.
Earlier GST law provided that Commissioner may be special order and subject to conditions, permit a registered taxable person to send taxable goods without payment of tax to a job worker for job work.
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