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
Latest Expert Exchange
« Service Tax »
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?
 E-way relief, for now, to e-commerce, courier firms sending small orders

Goods and Service Tax (GST) and Black Money Bill likely to be tabled in Rajya Sabha
May, 12th 2015

A day after the Lok Sabha passed the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 to deal with black money, the government is likely to table the bill along with the goods and service tax (GST) Bill in Rajya Sabha today. According to the new Black Money Bill, undisclosed foreign income or assets shall be taxed at the flat rate of 30 per cent.

Earlier the Narendra Modi-led government succeeded to pass the GST Bill in the lower house with a two-thirds majority of the members present and voting as required for a constitutional amendment. Since the Budget Session is going to end on May 15, the government is all set to present both GST and Black Money Bill in Rajya Sabha and will try to clear it. (Also read: Black Money Bill passed in Lok Sabha)

It won’t be an easy task for the government to pass the bills in Rajya Sabha as the government doesn’t have majority in the upper house. Unless Opposition party supports the government, it won’t be able to pass the bill in Rajya Sabha. Parliamentary Affairs Minister Venkaiah Naidu said that he discussed the issue with opposition parties and sought their support. The Opposition did not disclose their stand as of now. The Congress had walked out from the house when the GST Bill was passed. Congress is demanding that the GST Bill should be sent to select committee. The government is hoping the support of Opposition for Black Money Bill. When it comes to GST, Opposition may make governmnet’s task more difficult.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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