Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return
 Why cement companies are going in for M&As
 Govt moves to rework direct tax law after PM’s nudge
 New offer available for filing tax returns online, how to avail

Govt looking to plug shortcomings in tax system
November, 22nd 2014

Maintaining that there was an urgent need to improve the economy of Maharashtra, State Finance Minister Sudhir Mungantiwar said the state government is trying to remove the loopholes in the existing taxation system and bring in evaders into the tax net.

The government also plans to fill up vacant posts in the revenue generating departments at the earliest, he said.

"Maharashtra was once considered to be a state disciplined in financial policies, but now has a debt of around Rs 3.4 lakh crore."

"To bring the state in a strong financial position, we have decided to make changes in the existing financial system across departments while making sure common man is not burdened," Mungantiwar told reporters at the State Secretariat.

He said sales, excise, stamp duty and transport are departments that contribute significantly to the state exchequer.

While the sales tax department contributes Rs 69,000 crore, excise contributes Rs 11,500 crore and transport contributes Rs 5,500 crore annually. Taxes from petroleum products amount to Rs 1,500 crore for the state, Mungantiwar said.

"There are certain shortcomings in the existing taxation system. This can be rectified by bringing in tax evaders into the system which will generate huge revenue," he said.

Criticising the previous Congress-NCP government for ignoring the demands of these revenue generating departments he said, "Our priority is to fill up vacant posts of these departments so that we can minimise the burden of work. This will also help us get hold of tax evaders," he said.

"The atmosphere of government offices, especially that of Sales tax and excise, is unhealthy outside Metro cities like Mumbai. How will employees work in such dilapidated conditions and how can we expect people to come forward and visit these offices to pay their taxes," he said.

Mungantiwar said concerned officials have been asked to renovate such government offices outside Mumbai in a time bound manner which will help increase the efficiency of the employees and in turn maximise their performance.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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