Impact analysis of GST on road transport sector It has been more than a decade that we all are waiting so desperately for this significant tax reform since independence. As we all know India is a federal country where multiple states Govt. works along with one union Govt. called central Govt.
Can government still levy excise on goods After GST Law ? The modified list provides that excise duty may be levied only on petroleum/petroleum products and tobacco/tobacco products, thereby limiting Central Excise Act’s scope to these specified products.
Foreign Direct Investment – FDI: AN INDIAN PERSPECTIVE Foreign direct investment (FDI) is an investment made by any company or an individual in the business concern of another country with a motive to start any business in other country or to become partner/ owner in the business of other country.
Registered Valuer Under Wealth Tax Act, 1957 Section 34AA of the Act provides that notwithstanding anything contained in said Act, any type of assessee who is entitled to or required to attend before any wealth-tax authority or the Appellate Tribunal in connection with any matter relating to the valuation of any asset, except where he […]
Transitional Provisions under Goods and Service Tax As Goods and Service Tax will bring in Business Transformation; it’s important to understand the Transitional Provisions to ensure that the proposed tax system takes care of existing tax credits, payments and should not be a “TAX COST” for the assessee’s in GST.