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: TDS :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: empanelment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Deadline for filing revised or belated income tax return for past two assessment years is March 31
 Quarterly GST returns filing may be extended to all companies
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India

Kerala launches drive to curb tax evasion thru Rlys
June, 19th 2007
Surprise checks at all Rly stations across the State


`It is estimated that goods worth between Rs 1,500 crore and Rs 3,000 crore are being ferried through the railway annually without paying tax.'

The Commercial Taxes Department of the Kerala Government has launched a drive to check sales tax evasion through railway parcel service.

The department officials conducted surprise inspections at all the railway stations in the State from 3 a.m. on Monday and till 1 p.m., 3,784 packets worth Rs 3.32 crore were seized.

The Finance Minister, Dr Thomas Isaac, said in the light of the seizures, it was estimated that goods worth between Rs 1,500 crore and Rs 3,000 crore were being ferried through the railway annually without paying tax. And at a tax rate of 12.5 per cent, the Government was losing substantial revenue, he added.

`BIG RACKET'

The Minister said the Railways had recently started leasing out parcel wagons to private contractors. However, proper documentation relating to the goods had not been made mandatory for such wagons and this was leading to large-scale tax evasion.

As checking has been made stringent at the State's check-posts, goods movement through the railway increased considerably, he said.

COURT ORDER

The Minister pointed out that the Kerala High Court had, on January 20, 2006, given instructions on the procedures to be observed for goods movement through the railway. Accordingly, the Commercial Taxes Department officials were entitled to collect complete details about the sender and receiver consignments.

Besides, the department should be allowed to set up check-posts in the railway station premises to inspect the goods for taxation purpose. More importantly, the court had said the Ministry of Railways should implement, within six months, a uniform code for the entire country on the procedures to be followed for goods movement.

Dr Isaac said the recommendations had not been implemented and it was in this context that the State Government decided to conduct checks in the railway stations.

He said the checks would continue in the coming days though there had been opposition from some railway officials. In between, talks would be held with the Railways authorities and if they proved futile, the Government would consider resorting to legal measures.

The issue would be raised in the ensuing meeting of the Empowered Committee of the State Finance Ministers, the Minister said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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