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: VAT Audit :: empanelment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: form 3cd :: VAT RATES
 
 
Service Tax »
 100 Opening GST Profiles- Indirect Taxation- ALL Industries
 New Opening Sr. Manager-Indirect Tax For A Leading Power Company
 Tax Collected At Source Under GST Regime
 India's GST challenge makes Donald Trump's tax overhaul look easy
 What does GST hold for Indian youth?
 GST will help India move towards becoming a commercial union
 Friendly advance ruling mechanism to smoothen ride under GST regime
 GST impact: Small businesses could under-report income initially
 The art of doing business under GST
 GST council to debate tax on services, fitment of items on April 18-19
 Online Services – Changes In Service Taxation

TN Chamber seeks implementation of Goods and Service Tax
February, 11th 2013

A delegation from Tamil Nadu Chamber of Commerce and Industry met Union Minister of State for Finance S.S. Palani Manickam and Dr Poonam Kishore Saxena, Chairman, Central Board of Direct Taxes, at New Delhi and submitted a pre-budget memorandum for consideration in the forthcoming Budget .

Some of the salient points mentioned in the memorandum are: the positive implementation of Goods and Services Tax (GST) from April 01, enhancement of the threshold limit for individual income tax from Rs 1,80,000 to Rs 3 lakh and the rate slabs finalised as 10 per cent for income with the maximum not exceeding 25 per cent, for senior citizen the limit to be raised to Rs 5 lakh, raising of the limit to be deemed as income and taxed paid otherwise than by account payee cheque to Rs 50,000 for all transactions, restriction of the scope of TDS to transactions that are settled,

otherwise than by account payee cheque, increase in the TDS limit for deduction in case of interest income for senior citizens, raising of the Central Excise exemption limit for SSI units from Rs 4 crore to Rs 8 crore, excise duty exemption for partially mechanised safety matches, student note books, camphor tablets, ice-cream: extension of CENVAT credit on diesel purchase for use in generators for captive power generation, enhancement of the exemption limit of service tax to Rs 20 lakh to service receivers, raising of the limit for movement of goods for short distances from Service Tax, duty free import of coconut oil, etc.

 
 
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