As contrast to the above definition, the definition of capital goods under earlier GST law was similar to that given under Cenvat Credit Rules, 2004. The earlier definition was very specific as compared to the present definition which has a very wide scope.
Tenders of old notes of Rs. 500 and 1000 in excess of ₹ 5000 into a bank account will be received for credit only once during remaining period till December 30, 2016.
No. VAT/AMD. 2015/1A/15/ADM-8.—In exercise of the powers conferred by sub-section (3) of section 55 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State hereby amends the Notification No. VAT/AMD. 2015/1A/15/ADM-8, dated the 9th May 2016
Govt decides to reduce existing rate of deemed profit U/s. 44AD of Income Tax Act in respect of amounts/receipts through banking channel/digital means
RS announced the arrival of US Taxation on Monday, Jan. 23, 2017 when IRS would begin accepting electronic tax returns
CBDT hereby directs that Principal Director General of Income-tax (Systems), New-Delhi shall be the specified authority for furnishing information to the Joint Secretary (Marketing), Ministry of Petroleum and Natural Gas, Government of India
The government of India is very keen to introduce Goods and Service Tax in India from 1st April 2017 and the preparation for the same is in full swing.
In order to reduce dwell time and cost associated with import at Nhava Sheva, it has been decided to extend Direct Port Delivery (DPD) permission to importers
It may be pointed out that the target of cash collection from arrear demand was fixed very modestly at Rs.53,981 crore in the Central Action Plan for 2016-17 as against very large amount of arrears outstanding. However. till the end of November, 2016
Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong, the powers and functions vested in it under the following sections of the said Ac
