Daily Archives: August 10, 2016

States will maintain border check posts even after GST ?

Is GST Setting BJP Up? As the government hails the goods and services tax (GST) as a new miracle cure for black money , tax ter ror, a segmented domestic market and, of course, revenue shortage, its leaders would do well to hark back to Canada in 1993. In that year’s elections, the ruling Progressive… Read More »

Category: GST

Petroleum being out of GST will create anomaly :Hasmukh Adhia

There will be anomaly with petroleum out of GST: Hasmukh Adhia Petroleum being out of the goods and services tax (GST) initially will create some anomaly as tax credit on some of the inputs to oil industry may not be given, said Revenue Secretary Hasmukh Adhia in an e-mailed interview. He tells Dilasha Seth that the Central Board of… Read More »

Category: GST

e-Return Intermediary :Company Secretaries, Cost Accountants and TRP also allowed

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th August, 2016 S.O. 2670(E).—In exercise of the powers conferred by sub-section (1B) of section 139 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment in the notification of… Read More »

PAN of founder/trustee made Compuslory for registration of charitable or religious trust or institution

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th August, 2016 INCOME-TAX S.O. 2671(E).— In exercise of the powers conferred by section 295 read with clause (aa) of subsection (1) of section 12A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby… Read More »

Govt Guidelines for approval of Public Funded Schemes and Projects

New forward looking Guidelines issued by Department of Expenditure, Ministry of Finance to improve the efficiency with which Public Funded Schemes and Projects are appraised and approved; In order to bring-in the concept of outcome evaluation to improve the delivery of public goods and services to the citizens. In order to build a growth friendly… Read More »

Cong, BJP states to both ratify GST speedily

Congress party leader Veerappa Moily said the party’s eight state governments would try to ratify the Constitutional amendment to enable a national goods and services tax (GST) as soon as possible. “Our governments will not be an obstacle. It is a win-win situation for all states,” he said. The Lok Sabha on Monday cleared the amendment as passed… Read More »

Category: GST