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States to look for new chief to replace Asim Dasgupta , who can steer GST
TG Team
15 May 2011
0 comment
With the Left losing power in West Bengal, the Empowered Group of State Finance Ministers, which is currently engaged in building a consensus on the GST, will have to find a replacement for Asim Dasgupta who has been heading the body since its inception. As West Bengal Finance Minister, Mr. Dasgupta was involved with the Empowered Group f...
Posted Under:
Goods and Services Tax
|
News
Karnataka launches e-payment for commercial tax payers
TG Team
12 May 2011
0 comment
Karnataka today became the first state in the country to launch an e-payment system for commercial tax payers. Speaking at the launch, Reserve Bank of India Deputy Governor Shyamala Gopinath wanted such a system to be adopted by other states. The system enables dealers to remit their commercial taxes anytime, anywhere, without physically ...
Posted Under:
Goods and Services Tax
|
News
Ficci Committee to advise aviation sector on effect of GST
TG Team
08 May 2011
0 comment
A Ficci Committee recently said it will suggest ideas to the aviation industry on how the proposed Goods & Services Tax (GST) would affect them, along with other recommendations to give the sector a boost. The Ficci Civil Aviation Committee has also set for itself a wide-ranging agenda to give the civil aviation industry a fillip and make...
Posted Under:
Goods and Services Tax
|
News
Uploading of Information relating to some intra state transactions made compulsory w.e.f. 1-6-2011 in Punjab
TG Team
08 May 2011
0 comment
At present, the information regarding goods being brought into and moving out of the state of Punjab (Inter-state transactions) is furnished at the Information Collection Centers (I.C.Cs)/ Check Posts by the dealers and consumers. Now, this process of collection of information from dealers will be extended to intra-state transactions also...
Posted Under:
Goods and Services Tax
|
News
Finance Ministry Initiates Public Debate on Negative list for Taxation of Services
TG Team
07 May 2011
0 comment
Ministry of Finance has initiated a public debate on the issue of a negative list for taxation of services as announced by the Finance Minister, Shri Pranab Mukherjee in his Budget 2011. The text of the speech is as below-Many experts have argued that it will be desirable to tax services based on a small negative list, so that many untapp...
Posted Under:
Service Tax
|
News
Kochi Tuskers in tax-evasion row over ticket sales
TG Team
27 Apr 2011
0 comment
Trouble for Kochi Tuskers Kerala never seems to end — a fresh row has broken out now between the franchise and Cochin Corporation over alleged tax evasion on ticket sales. Ahead of Wednesday night’s match, when the tickets were brought to the corporation for sealing, a new batch of tickets priced at Rs. 49 was […]...
Posted Under:
Goods and Services Tax
|
News
Maharashtra expects Rs 15 crore entertainment tax from IPL
TG Team
20 Apr 2011
0 comment
Maharashtra government is expecting an entertainment tax of Rs 15 crore from the 16 Indian Premier League (IPL) matches to be held in the state. "A deposit of Rs 7.3 crore has been collected for the IPL matches organised at the Wankhede stadium in the city out of the expected revenue of Rs 9.50 crore," Minister of State for Revenue Prakas...
Posted Under:
Goods and Services Tax
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News
JK govt detects 3,045 cases of tax evasion in '09-10
TG Team
12 Apr 2011
0 comment
The Jammu and Kashmir government has detected 3,045 cases of evasion of tax by various trade and business houses in the state in 2009-10.Revealing this in its report on state finances for the year ended March 31, 2010, Comptroller and Auditor General (CAG) of India has said that 2,357 cases of evasion of tax were detected by the Commercia...
Posted Under:
Goods and Services Tax
|
News
Finmin to float discussion paper on taxing more services
TG Team
03 Apr 2011
0 comment
Finance Ministry will soon come out with a discussion paper on service tax to increase its contribution to the overall tax kitty and align it with the proposed Goods and Services Tax (GST). "The Finance Ministry is working on a discussion paper on taxation of services to get opinion and feedback before moving to GST," a source told PTI....
Posted Under:
Goods and Services Tax
|
News
Professional tax to be imposed in Bihar
TG Team
01 Apr 2011
5 comments
Bihar government has decided to impose professional tax on central and state governments officers and employees, Railways, boards and corporation on the pattern of Maharashtra, West Bengal and other states, official sources said today. The state assembly adopted the Bihar Profession, Trade, Livelihood and Employment Tax Bill, 2011, yester...
Posted Under:
Goods and Services Tax
|
News
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