Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: form 3cd :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: TDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company
 
 
Service Tax »
 GST Council to discuss model laws, tax jurisdiction today
 Tax Invoice Under GST
 Insurance may fall under 12% tax slab in GST, from 14% service tax currently
 GST draft makes it must for companies to pass tax benefit to consumers
 To speed passage, Government plans GST Bills as money Bills
 No service tax on train tickets booked through IRCTC till December 31
 GST Council meet postponed to December
 Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitleya
 Service tax waived for online train ticket booking till Dec 31
 Key challenges in implementation of Goods and Services Tax
 Consensus eludes Centre, states on GST dual control

Moneycontrol Exclusive: Govt plans overhaul of tax administration for smooth GST rollout
October, 06th 2016

The government has readied plans for a major change in India’s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll-out of a nation-wide goods and services tax (GST).

The plan, reviewed by Moneycontrol, includes setting up of empowered GST commissionerates within the CBEC that will be tasked with administering the new tax system.

GST, billed as India’s most ambitious reforms move, will stitch together a common national market, dismantle fiscal barriers among states and consolidate a patchwork of local and central duties into a single levy.

The government expects to roll out GST from April 1, 2017.

For the purposes of administration, the country will be divided into 24 zones and 107 GST commissionerates.

Each commissionerate will have oversight rights over 15,000-20,000 assessees with combined revenues of about Rs 5000 crore.

Every state, except those with very small assessee-base, will have at least one commissionerate, which will be broken down into five divisions and 50 ranges for each.

Besides, there will be one audit and one appeal commissioner for every GST commissionerate.

With 3.34 lakh assesses, Mahrashtra will have 20 GST commissionerates—the highest among all states.

A Directorate General of Dispute Resolution (DGDR) will also be set up, to deal with possible Centre-state and inter-state rows that may arise after the new tax system kicks in.

The DGDR will maintain data bank of judicial decisions, analyse dispute issues for identifying patterns and examine orders to assess fitness for appeals among others.

Separate adjudication verticals will be set up in seven major cities-- in Delhi, Gandhinagar, Mumbai, Bangalore, Chennai, Hyderabad and Kolkata--reporting directly to DGDR—Delhi, Gandhinagar, Mumbai, Bangalore, Chennai, Hyderabad and Kolkata.

A new sleuthing unit—Directorate General of GST Intelligence (DGSTI)—will be set up tasked with keeping a close eye on compliance and detecting and collating information on tax.

There will be at least one unit of DGSTI, which will replace the existing Directorate General of Central Excise Intelligence (DGCEI).

The existing Customs and Service Appellate Tribunal (CESTAT), however, a judicial body, will continue to run concurrently to deal with legacy cases, some which go back more than a decade.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions