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PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC

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Are We Ready for GST?


are we ready for gst

i dont think so. jo prabhavit hone wale hain is system se unko total confusion hai. sirf speakers, experts seminar aadi men apne interpretations bata rahe. jetly ji aur iyer ji blogs pe lad rahe.basic prashna hi clear nahi hai.

rate kya hogi. kitni jagah registration aur return filing hogi. scrutiny ya audit ke kya niyam honge. wartmaan me jo service tax sales tax aur custms ya excise ka department kaise kaam karega. kya chatni bhi hogi.basic exemption limit 10 lakh ya 25 lakh ya50 lakh hogi.exempted goods kaun se honge.c&f wale business ka kya hoga. local body aur state ke kaunse tax merge nahi honge. registration, assessment aur audit men rishwat waisee hi lagegi kya.abhi karodon rupaye ke lakhon maamle jo pending hain(80% jabardasti ke banaye hue) kya wo aage bhi naye system men carry honge ya iske pehle bahumat prapt sarkaar koi vces type ki scheme laakar sab dispute khatma karke saaf suthrey mahaul me clean gst layegi...ye sab prashna anutareet hain.

jab tak ek ek member of parliament stamp paper par likh kar nahi de de ki unhone is gst ko padh dekh aur samajh liya hai aur isko apne desh men lagu kiya ja sakta hai.tab tak to ye system nahi aana chahiye. kyonki kanoon banane walon aur khaskar pass karne walon ko bhi barabar ki jimmedaaree leni hogi na ki waqil aur afsar ke maze chalte rahen jaise ki abhi ho raha.

Navin Khandelwal 20/08/2015

 

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