Latest Expert Exchange Queries

Make 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) | 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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARDS :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: TDS :: cpt :: due date for vat payment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

Commercial taxes minister promises reward for info on tax defaulters
April, 10th 2015

The Telangana government has decided to give up to Rs 50,000 as incentive to informers, who reveal or alert the government about “zero business”, or commercial tax evasion by commercial establishments. This depends on the value of their information.

If the amount recovered is huge, 10 per cent of the amount recovered will be given as incentive.

Commercial taxes minister Talasani Srinivas Yadav said at the Secretariat that the government will amend the VAT Act to check tax evasion by online trading firms.

He said corporate hospitals, hotels, jewellery shops, cinemas among others were not paying taxes properly, resulting in huge loss to the state exchequer.

“It has come to our notice that rampant zero business is taking place in several markets. Also corporate hospitals, hotels, cinema theatres, jewellery shops among others are not paying taxes. We are not getting correct information on tickets sold by theatres in the online mode. Besides, hotels too are not disclosing exact sales volumes. We are planning to bring a centralised tax monitoring mechanism wherein commercial establishments would be linked with a central server at commercial taxes department to check tax evasion,” Mr Yadav said.

With regard to ban on pan masalas, he said that the state has no power to impose penalty or cancel the licence of traders who sell them. “Though the Centre has imp-osed a ban on sale of tobacco products, the state cannot do anything except to catch the traders and refer the case to the police station.”

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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