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: form 3cd :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit :: VAT RATES :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: articles on VAT and GST in India
 
 
News Headlines »
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Refund of IGST paid on export of goods under Rule 96 of CGST Rules 2017
 Income-tax (23rd Amendment) Rules, 2017

Karnataka finance panel report likely by June-end
January, 11th 2008
Incentives to local bodies mooted for tax collection


The Finance Commission thinks that there is a need to shift some government programmes in the State sector to district sectors, through zilla panchayats, for better implementation.


The village panchayats and urban local bodies (ULBs) in Karnataka may be rewarded with incentives if they show better performance in tax collection. Such a move is being planned by the Third Finance Commission of Karnataka, which is likely to submit its report to the Government by June end.

Addressing presspersons here on Thursday, Mr T. Thimme Gowda, Member of the Third Finance Commission of Karnataka, said that some of the ULBs and village panchayats have better tax collection records.

Such bodies should be recognised and given incentives. This will encourage others to perform better.

The commission is planning to recommend incentives to such village panchayats and ULBs in its report, he said. Stating that only village panchayats and ULBs can fix and collect tax, he said there is a need to revise the taxes on a scientific basis. Referring to ULBs, Mr Gowda said there is scope for increase in the revenue collection of ULBs. The implementation of self-assessment system of tax collection has helped in increasing the revenue of ULBs.

Asked when the commission is planning to submit its report to the Government, he said the report will be given by June 30. Till now, the commission has held meetings in 24 districts as part of preparing its report.

Plans for districts

The Finance Commission thinks that there is a need to shift some government programmes in the State sector to district sectors, through zilla panchayats, for better implementation.

Developmental plans should be made at the district level, and district planning committees should be activated in this matter, he added.

Earlier in the day, the commission members held a meeting with the officials of ULBs.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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