In re Aditya Birla Retail Limited (AAR Maharashtra) Also Read AAAR Ruling- Use of words Choice / Value / Superior on packing amounts to branding: AAAR Name Aditya Birla is a benchmark in itself and is associated with a certain trust and quality. Now, we see the definition of ‘brand name’ includes a name or […]
The inception of the Goods and Service Tax has been gratified to be a watershed in the history of indirect tax reforms in India. The present GST regime seeks to rationalize the cascading effect of various indirect taxes through a uniform taxation system, which shall be fixed by the GST Council consisting of the finance ministers of various states and the union.
As we near the end of the Financial Year 2017-18, I would once again like to reiterate our need to focus on the recovery of arrears. In my review meeting on the status of recovery of arrears, I note that as on 31st January, 2018, there is a total of Rs 11,450 crores of clearly recoverable arrears
The GST tax act is the largest ever fiscal legislation that subsumes and unifies all the erstwhile indirect taxes into one common and unified tax. It would terminate multiple taxes all around the country and would create an equal level playing field for all the stakeholders throughout the country.
CBEC has issued Circular No 5/2018-Customs dated 23-02-2018 which provided for an alternative mechanism with officer interface to resolve invoice mismatch cases. In the said circular, it was provided that the mechanism would be available for the shipping bills filed till 31.12.2017.
References have been received in Head Office for furnishing guidelines on belated refund of contributions received by EPFO owing to wrong coverage, voluntary or erroneous deposits etc.
Seeks to rescind notification No. 6/2015-Customs dated 01.03.2015 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2018-Customs (ADD) New Delhi, the 22nd March, 2018 G.S.R. (E). -Whereas, the designated authority vide initiation notification No. 7/1/2018-DGAD, dated the 8th February, 2018, published in the Gazette of India, Extraordinary, Part I, Section 1, dated […]
Unity in Diversity, the phrase signifies that despite all diversities like in terms of colour, customs, clothing, caste, creed and culture the India is united in one thread of unity. Article 1 of our constitution provides that India is Union of States.
Task Force for drafting a New Direct Tax Legislation – Questionnaire for inviting suggestions and feedback on the Income-tax Act, 1961 from the stakeholders and general public
When it comes to development, undoubtedly it can be proclaimed that the change is the only constant[1], which means that the change is inevitable and with the changing circumstances the requirement is to adapt and adopt such policies which favour the ongoing scenario.
