Daily Archives: September 16, 2016

Transfer takes place when possession of land handed over to builder and not when sale deed is registered in case of joint development agreement

By | September 16, 2016

Held There is a fair disclosure by the assessee regarding the sale of the impugned property. In that assessment year i.e.2006-07, it is said to be accepted by the Department that as there was no transfer of capital asset as an agricultural land. It is not the case of the Department that it was subject… Read More »

President appointed Arun Jaitely as Chairman of GST Council

By | September 16, 2016

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th September, 2016 S.O. 2957(E).—The following Order made by the President is published for general information:— ORDER In exercise of the powers conferred by article 279A of the Constitution, the President hereby constitutes the Goods and Services Tax Council consisting of the following members, namely:-… Read More »

Centre sticks to its guns over dual control of GST

By | September 16, 2016

Finance ministry officials argue dual control is vital because the Centre is accountable to Parliament for its share of the tax. “Tomorrow, if Parliament asks why the tax base is not increasing, the Centre will be unable to answer. And states may say they have an elected body to whom they are answerable,” an official… Read More »

Category: GST