Directorate of Revenue Intelligence (DRI) busts a major gold smuggling racket involving smuggling of around 7000 Kilograms of gold worth more than Rs. 2000 crore in last two and half years; Probably, the single biggest case of detection of gold smuggling by any agency in India; Value of gold seizures by DRI in the current… Read More »
ASSAM ACT NO. IX OF 20I6 (Received the assent of the Governor on 24th August, 2016) THE ASSAM VALUE ADDED TAX (AMENDMENT ) ACT 2016 Download the Complete Notification
The Goa Value Added Tax (Ninth Amendment) Act, 2016 (Goa Act 17 of 2016) [29-8-2016] AN ACT further to amend the Goa Value Added Tax Act, 2005 (Goa Act 9 of 2005). Be it enacted by the Legislative Assembly of Goa, in the Sixty-seventh Year of the Republic of India, as follows:— 1. Short title… Read More »
Before GST roll- out, old cases in fast lane September 19, 2016 Preparing to roll out the goods and services tax (GST), the indirect tax department has formulated a strategy to fast- track adjudication for a pile of existing service tax and central excise cases quickly. Adjudication powers of officers at different levels would be… Read More »
Contrary to an earlier impression that the roll- out of the goods and services tax (GST) may be postponed to the middle of next year, there is now clarity within the Union government that April 1, 2017 will be the date for launching the new indirect taxes regime. Until a couple of weeks ago, there… Read More »
The government’s ambitious programme to get old, polluting vehicles off the road has hit an unexpected speed bump: Goods and Services Tax. The Voluntary Vehicle Fleet Modernisation Programme (V-VMP) is back on the drawing board as the government reviews its options to reward those who agree to junk their old vehicles to buy new, less… Read More »
Govt may advance winter session for GST roll- out n a bid to roll out the crucial goods and servicesTax (GST) from April 1 next year, the Modi government is considering to bring forward the winter session of Parliament to pass the Central GST(CGST) and Integrated GST Bills, and pave way for implementation of the… Read More »
The government is considering a price-monitoring mechanism under the proposed goods and services tax (GST) to ensure that the multiple benefits of the landmark reform are passed on and head off any unwarranted price shocks. States are also keen to ensure that the effects of GST provide a demand push to the economy. “A mechanism… Read More »
GST will have a few tax slabs in transition period September 19, 2016 The Goods and Services Tax (GST) regime, which will usher in India’s biggest indirect tax reform measure, will have a few tax slabs and levy different rates in the ” transition period” before migrating to a single tax structure. According to Arjun… Read More »
SUPREME COURT OF INDIA Commissioner of Income-tax, Panaji v. Automobile Corpn. of Goa Ltd. RANJAN GOGOI AND PRAFULLA C. PANT, JJ. SPECIAL LEAVE TO APPEAL (C) NOS. 18119-18120 OF 2013 & 10603-10604 OF 2014 AUGUST 12, 2016 A.N.S. Nadkarni, ASG, Ms. Rekha Pandey, S.A. Haseeb and Mrs. Anil Katiyar, Advs. for the Petitioner. Rustom B.… Read More »