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: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT Audit :: list of goods taxed at 4% :: articles on VAT and GST in India :: empanelment :: cpt :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 How to respond to a tax notice under section 143
 Income-tax (22nd Amendment) Rules, 2017
 All about Exports under GST
 Have you missed the due date of filing your Tax Returns?
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states

Authority for advance ruling wants PSUs, large taxpayers under its ambit
December, 19th 2007
The authority for advance ruling, set up by the finance ministry under the WTO norms to give advance rulings mainly to MNCs relating to tax liability, has sought public sector units and large taxpaying units also be brought under its ambit.

Large taxpayers and PSUs should also be brought under the purview of AAR so that they can also come to us for any ruling related to tax (customs, excise) matters, AAR joint commissioner Vijay Kumar said.

Currently, single-window service by the income tax, customs and excise department is offered to companies in LTUs set up in Bangalore and Chennai. The government plans to expand the service in other cities including Delhi, Mumbai and later in Kolkata. Referring to lack of adequate work for the authority, Kumar said the authority was handling on an average two cases a month. As against the common opinion, he said, it was not a negotiating body but a fact finding body.

Since the rulings of the Authority were more or less binding, very few companies  approached it, he added.

Any non-resident person whether individual, company or association of persons or others can make an application for seeking an advance ruling in regard to his tax liability. In the last winter session, finance minister P Chidambaram introduced an Amendment to merge the two AARs for customs, excise and income-tax into one. He has said since the to authorities did not have enough work they could be merged.

There was need to pay more attention to a mechanism called advance ruling which could be very helpful to non-resident or resident Indians who want to set up shop here, he said. The finance ministry has hardly given any attention to the authority since its inception, said another official.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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