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: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: due date for vat payment :: articles on VAT and GST in India :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit
 
 
« General »
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November
 Why PM Narendra Modi must beware of the breathtaking Arthakranti tax
 Japanese firms seek easing of restrictions on funding in India
 Tax on black money: How the cookie will crumble
 Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful
 Exchange window being misused, government forced to reduce limit to Rs 2000, says Arun Jaitley

Ombudsmen to settle row over customs, excise and service taxes
April, 01st 2011

The Union Cabinet on Thursday approved the creation of seven posts of Indirect Tax Ombudsmen' to undertake quick redress of grievances over customs, excise and service taxes.

The Cabinet meeting, chaired by Prime Minister Manmohan Singh, also approved the Indirect Tax Ombudsman Guidelines 2011. The adjudicating offices are to be set up in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Ahmedabad and Lucknow,

The Ombudsman an official whose job is to examine and report on complaints made by ordinary people about public authorities will consider complaints of taxpayers and facilitate their satisfaction or settlement by agreement through conciliation and mediation between the departments of Customs, Central Excise and Service Tax and the aggrieved parties. He will have the powers to give awards to the aggrieved parties in keeping with the guidelines.

It is expected that this will result in making the grievance redress mechanism in the Customs, Central Excise and Service Tax offices under the Central Board of Excise and Customs more effective and transparent, Information and Broadcasting Minister Ambika Soni told journalists after the meeting.

In another decision, the Cabinet approved exemption for ICC Cricket World Cup 2011 from payment of tax on income accruing to subsidiaries of the International Cricket Council, only where the contractual obligation to bear tax liability is on these entities. The financial implication will be approximately Rs. 45 crore, a statement said.

Promoting electric mobility

The Cabinet approved a proposal for setting up a council to promote electric mobility and manufacture of electric vehicles. The National Council for Electric Mobility (NCEM) will be the apex body in the Union government for making recommendations in these matters.

The meeting also cleared the setting up of a National Board for Electric Mobility (NBEM) under the Department of Heavy Industries and Public Enterprises. The National Automotive Board (NAB) after its formation will be the technical adviser and secretariat for both the NCEM and the NBEM.

The government is taking up promotion and manufacturing of electric vehicles in mission mode: National Mission for Electric Mobility.'

As a first step, an enabling, empowered, fast decision and policy making structure at the apex level in the form of the NCEM and the NBEM is being set up. The NCEM will comprise Ministers from the key Central Ministries and departments, eminent representatives from industry and the academia, and will be chaired by the Minister [Heavy Industries & Public Enterprises].

The NCEM will be aided by the 25-member NBEM, comprising the Secretaries of stakeholder Central Ministries and departments with representation from industry and the academia.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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