CBEC: Credit of ST paid on Service provided by Commission agents under Excise—Why cheat the assessee? The government of India has absolute right to levy the taxes therefore it is imperative that the taxation provision should be clearly spelt out so that there is no ambiguity & room for distortion & devious interpretation to put […]
There is serious problem in Notification No. 33/2015-20 dated 13.10.2017 related to the advance authorization issued by the DGFT. The prior import condition is not just & proper as it is simply interference in how the beneficiary of the entitlement conducts his business. Please note that hitherto this condition was only applicable in those cases […]
This is a case study about the levy of tax on ocean freight & the readers will themselves realize the truth that how greed drives the collection of taxes & no heed being paid to double taxation & the basic fact that what is the concept of Value Added Tax & why even the basics are belied & nobody cares even when the wrongs are denounced in the public domain.
Exports revival needs a holistic & sane approach which simply means that both the short term as well as the long term solutions need to be administered simultaneously:
1. The most significant change brought about by the GST is that supply of goods, Services or both is the basis of taxation as opposed to the removal of manufactured goods under the Excise regime.
The CBEC is responsible for the roll out of the GST. The North Block mandarins are shouting from the rooftops that everything is in place & the users should not worry but the users have enough experience of the Indian bureaucracy & they are a worried lot.
It is not that you are devising a taxation system for the first time in this county despite the fact that GST is dubbed as the biggest reform. The bitter fact is that you have run taxation systems both at the centre as well as the state & local level but then you have failed to learn & make improvement for hassle free implementation.
DGFT exists as on date & the DGFT is the policymaker & Customs simply an implementer. However, under the new GST regime, there seems that the authority of the DGFT is totally undermined as if that authority does not exist anymore. However, it appears that the DGFT in itself has brought upon them this situation.
