Indirect Tax Collections up to July, 2016 indicate net revenue collections of Rs.2,71,719 crore as compared to Rs.209217 crore in the corresponding period last year and thereby registering an increase of 29.9% over the corresponding period; 34.9% of the Budget Estimates of indirect taxes for FY 2016-17 achieved till July 2016.
आज 8 अगस्त है। अगस्त क्रांति का बिगुल 8 अगस्त को बजा था और महात्मा गांधी ने भारत छोड़ो इस मंत्र के साथ देश को आजादी के पूरे आंदोलन एक बहुत बड़ी तीव्रता के साथ आंदोलित किया था। और 9 अगस्त को आजादी के दीवानों पर बहुत सारे जुल्म ढाए गए थे। आज 8 अगस्त, 75 साल हो रहे हैं। उन सभी आजादी के दीवानों को स्मरण करते हुए आज 8 अगस्त को Tax Terrorism से मुक्ति… उस दिशा में एक अहम कदम हमारी संसद दोनों सदन के सभी सांसद मिलकर के एक बहुत बड़ा अहम कदम उठाने जा रहे हैं।
1. Objective-To seek comments and inputs from all stakeholders, including Investors, Market Infrastructure Institutions (MIIs), and Intermediaries, to explore and address concerns relating to market quality, market integrity and fairness due to increased usage of Algorithmic Trading & Co-location in Indian securities market.
The Government of India has introduced Merchandise Exports from India Scheme (MEIS) through the Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015. It seeks to promote export of notified goods manufactured/ produced in India.
Consolidated Financial Statements of an entity are prepared for a group as defined in Ind AS 110, Consolidated Financial Statements. There may be some occasions where preparation of Consolidated Financial Statements would not be appropriate because of absence of control, e.g., in group loan arrangements, take-overs, demergers, spin-offs and initial public offerings, etc.
Exposure Draft issued by the International Accounting Standards Board (IASB) on Definition of a business and accounting for previously held interests (proposed amendments to IFRS 3 Business Combinations and IFRS 11 Joint Arrangements), is for comment only.
Exposure Draft of amendments to Ind AS 102, Share Based payments has been issued by the Accounting Standards Board of the ICAI, for public comments with last date as September 05, 2016, clarifying how to account for certain types of share-based payment transactions. The amendments, which provide requirements on the accounting for the following:
The Prime Minister, Shri Narendra Modi, today described the Goods and Services Tax (GST) as a Great Step by Team India, a Great Step Towards Transformation, and a Great Step Towards Transparency.
The facility of e-verification of IT returns has been used by over 75.3 Lakh taxpayers till 5th August, 2016 as compared to 32.95 Lakh taxpayers last year till 7th September 2015. Of these Aadhar based E- verification was used by 17.68 lakh taxpayers during the current year as against 10.41 lakh taxpayers during the same period in 2015-16.
Introduction of CENVAT credit rules across goods and services in the year 2004 was one of the major steps in indirect taxes reform process. Since then these rules have undergone significant changes as the Government has addressed issues and difficulties faced by tax payers and also taken steps to reduce cascading of taxes. Union Budget […]
