| E-Payment of Maharashtra Value Added Tax (MVAT) – Frequently Asked Questions (FAQs) Posted: 06 Jun 2010 08:20 PM PDT 
Q 1) What is e-payment of Sales tax? Ans: This is the facility provided to the dealer to make sales tax payments on line, using net- banking facility. Q 2) which category of the dealers are required to make e- payment compulsorily? Is it mandatory... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| First Installment of Advance tax for corporate Assesses due on 15th June 2010 Posted: 06 Jun 2010 07:50 PM PDT 
The first installment of advance tax for the financial year 2010-11 is due this month. The deadline for payment of this installment of the advance tax is Tuesday 15th. According to the Income Tax Act, assessees are required to pay tax in advance in... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Vodafone case hearing on 14th June 2010 Posted: 06 Jun 2010 07:10 PM PDT 
The UK's Vodafone, fighting a tax bill in India from its 2007 purchase of Hutchison Whampoa Ltd's mobile business there, said authorities had set a June 14 hearing to discuss the size of the tax bill. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Retail majors will move High Couty to seek stay on service tax on commercial rentals Posted: 06 Jun 2010 06:59 PM PDT 
Four retailers will be approaching various High Courts across the country to seek a stay order on the service tax on commercial rentals that was imposed in this year's Budget by finance minister Pranab Mukherjee. According to industry sources, the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income Tax department probe NRI funds in IPL Posted: 06 Jun 2010 06:56 PM PDT 
The Income Tax department has requested the Finance Ministry to approach the authorities in Switzerland and other tax havens for details of overseas accounts of "non-residents" who invested in the Indian Premier League. The step is part of the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Public has right to know how tax payers money is spent: Vice President Posted: 06 Jun 2010 06:53 PM PDT 
As demands for thorough scrutiny of spending of public funds grow, Vice President Hamid Ansari today said citizens have every right to know how the tax-payers money is being spent by the government to implement various programmes. He also said that... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Basics of Goods and Service Tax with Help of Examples Posted: 06 Jun 2010 06:00 PM PDT 
Idea of national GST was first mooted by Kelkar Task Force in 2004. A task force was formed under Chairmanship of Shri Vijay Kelkar on Implementation of Fiscal Responsibility and Budget Management Act. The Kelkar Committee submitted its report in... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Internationally – Goods and Service Tax Posted: 06 Jun 2010 05:43 PM PDT 
VAT/GST provisions in countries other than India are quite streamlined and stable. As the Law in India is still not a reality we might look into the provisions which are in place since quite long and access the structure of rate, exemptions etc. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Procedural aspects of GST Posted: 06 Jun 2010 05:31 PM PDT 
It would be mandatory for registered dealers to furnish return electronically in Form No. GST-I, which would be a combined monthly payment and return form for all intra-state and inter-state transactions. Periodicity of furnishing this return would... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Goods and Service Tax – Task Force Report Summarized Posted: 06 Jun 2010 05:27 PM PDT 
First paper on Goods and Service tax ('GST') was introduced on 10 November 2009 since then there is a constant wait among professionals and industrialists for Goods and Service tax legislature. Pending the clearance of issues involved in GST regime... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Concept of Exemptions in Goods and Service Tax Posted: 06 Jun 2010 05:12 PM PDT 
I happened to meet quite a few businessmen in last few weeks and who were unable to appreciate the importance of Zero rating of goods. I made them understand the benefits of proposed scheme of "zero rating" over current scheme of "exemptions". This... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Compulsory Maintenance of books of account under Income Tax Act 1961 Posted: 06 Jun 2010 04:50 PM PDT 
Maintenance of books of accounts by Professionals: Section 44AA of Income Tax Act and rule 6F of Income Tax rules deal with the provisions regarding maintenance of books of accounts under Income tax Act. As per section 44AA(1) read with rule 6F the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| GST – Tax Rates and List of Exemptions Abroad Posted: 06 Jun 2010 09:35 AM PDT 
Services by medical practitioners and pathologists; Services by allied health practitioners such as physiotherapists, naturopaths, nurses and optometrists; Hospital treatment; Disability services; Medical aids and appliances; Pharmaceuticals; Health... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| White Paper Report On Goods and Service Tax Posted: 06 Jun 2010 09:29 AM PDT 
Value Added Tax was introduced in Indian tax structure way back in 2003 and even today not every state has implemented this tax. Small and medium enterprises (SME) have also not been well settled with VAT law and our government has taken over the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| GST – Importers & Exporters Posted: 06 Jun 2010 09:23 AM PDT 
GST is been postponed by our Hon'ble Finance Minister, however it is still a constant matter of worry for importers and exporters in Indian continent. Through this article, I try to analyze and present before you a analysis on impact of GST on our... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| GST – Department Of Revenue Vis A Vis Empowered Committee Report Posted: 06 Jun 2010 09:17 AM PDT 
Twofold GST: A dual GST with defined functions and responsibilities of the Centre and the States is recommended. An appropriate mechanism that will be binding on both the Centre and the States should be worked out whereby the harmonious rate... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Budget 2010 on Goods and Service Tax Posted: 06 Jun 2010 09:11 AM PDT 
1st April 2011 is proposed as new date for its implementation. He recognized several developments in the field of computerization, which are ultimately targeted eventual implementation of GST. He also clearly stated that he is not increasing the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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