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 :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: empanelment :: due date for vat payment :: TDS :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD
 
 
« News Headlines »
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…
 File income tax returns in time to carry forward losses
 Missed the deadline to file income tax returns? Here is what you should do
 Who has to report foreign assets in Indian income tax return and how to do it
 How to file income tax return after due date
 Why you should not rely solely on your income tax return filer, chartered accountant when filing ITR

Tax component: Kingfisher, Jet issued show cause notices
December, 21st 2007
Kingfisher Airlines and Jet Airways run the risk of having their permit cancelled or suspended for a certain period of time if the Director-General of Civil Aviation (DGCA) is not satisfied by the explanation provided by January 4 next year in response to a show cause notice issued late on Thursday. 

In the show cause notices issued to the Chief Executive Officer of the two airlines, the DGCA has said both had not responded to two letters sent out earlier seeking clarifications from them by December 19.

Although you were directed to send the reply latest by December 19, this office has not received any reply. This is in violation of the conditions for operations annexed to the Permit to operate Scheduled Air Transport Services. In view of the above, you are advised to show cause as to why action should not be initiated against you, the notice adds.

The show cause notice was issued after the Government sought details from both the airlines on what they charge as the tax component of the ticket and whether this were being deposited with the Government.

2 components

The DGCA in an earlier communication had pointed out that the airline web sites show two components of the airfare basic fare and taxes. Further it was pointed out that it has not been clarified whether components such as passenger service fee and fuel surcharge were included in the basic fare or had been clubbed under taxes.

The DGCA pointed out that a tax was defined to be a fee levied by the Government on a product, income or activity and this was to be deposited with the Government and a record be maintained.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

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