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: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT Audit :: cpt :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 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

Maharashtra sales tax arrears at Rs 15,226 cr in '05-06
April, 19th 2007
CAG findings reveal slight improvement in fiscal health

Maharashtra's sales tax arrears for fiscal 2005-06 amount to about Rs 15,226 crore.

Test checks of the records of sales tax, state excise, motor vehicle tax, stamp duty, registration fees and land revenue for the fiscal revealed that there were 11,296 cases of under assessment, short levy and loss of revenue involving an amount of Rs 1,607 crore, said Ms Malashri Prasad, Principal Accountant General of Maharashtra.

She was addressing the media on Wednesday on the findings of the report of the Comptroller and Auditor General of India for the year ended March 31, 2006.

During that fiscal, only 4.31 lakh tax assessments under sales tax, motor sprit tax, profession tax, purchase tax on sugarcane, entry tax, lease tax, luxury tax and tax on works, were completed. This is a minuscule proportion of the whole, and leaves a balance of 44.19 lakh assessments to be completed.

The CAG reported a slight improvement in the fiscal health of the state. The revenue deficit of Maharashtra decreased from Rs 10,333 crore in 2004-05 to Rs 3,842 crore in 2005-06, mainly due to growth in revenue receipts by 18 per cent. Also, revenue expenditure increased only 2 per cent, according to the report.

The report said that the state's fiscal deficit also decreased from Rs 18,620 crore in 2004-05 to Rs 17,631 crore in 2005-06 on account of the same reasons. The fiscal deficit was 4 per cent of the Gross State Domestic Product.

Eighty one per cent of the revenue receipts came from the state's own resources, 8 per cent from grants-in-aid from the Union Government and 11 per cent from central tax transfers.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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