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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: VAT RATES :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARD :: empanelment
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

Finance Ministry restructures indirect taxes formations
November, 13th 2014

The Finance Ministry on Wednesday restructure indirect taxes formations with a view to provide better tax payer services and deepen the tax base.

"The restructuring of formations is aimed creating larger number of compact commissionerates, by reorganising the existing commissionerates. This shall provide better tax payer services and deepen the tax base," a Central Board of Excise and Customs (CBEC) statement said.

The CBEC has implemented the cadre restructuring of the Indirect Taxes formations, with effect from October 15, it said.

Finance Ministry restructures indirect taxes formations

On account of growth in service tax over the last decade, four exclusive zones for the tax have been created in metro cities and the number of service tax commissionerates have been increased from 7 to 22.

On account of growth in service tax over the last decade, four exclusive zones for the tax have been created in metro cities and the number of service tax commissionerates have been increased from 7 to 22.

Similarly with expansion of ports, the number of Customs Commissionerates has gone up from 34 to 60. In the context of self assessment, the department is also laying emphasis on non-intrusive controls by creating 45 audit commissionerates.

Trade notices have been issued by the Chief Commissioners, for information of the trade and assesses, it said. "There may be some teething troubles on account of reorganised jurisdictions. Trade may bring to notice of the

department any issues they are facing so that timely resolution can take place," it added.

Indirect tax collections inched up by 5.8 per cent in the April-September period of this fiscal. Indirect tax collections, comprising excise, customs and service tax, stood at Rs 2,41,811 crore in the first six months of 2014-15 fiscal as against Rs 2,28,619 crore in the corresponding period a year ago.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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