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: cpt :: ACCOUNTING STANDARDS :: TDS :: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
Indirect Tax »
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory
 Nearly 15 pct growth in direct tax collections for fiscal 2017-18
 Transformation of indirect taxation landscape

Expectations from the Budget on Indirect Tax
July, 08th 2014

GST introduction would require following key steps - Constitution amendment, agreement between Central and State Governments on compensation (CST, loss of revenue etc), and on GST design, release of draft GST legislation and consultation with all stake holders, roll out of technology platform and stream lining of tax administration

* The Government is expected to announce a definitive road map in the Budget

* GST roll out this year is unlikely because of factors in point 1. However. the Government can immediately initiate steps for passage of the Constitutional amendment bill and release the draft GST legislation


Service Tax

* Liquidation damages are monetary compensation for a loss to the service recipient/contractee of a works contract caused due to deficient provision of service or delay in completion of work. Clarification expected that these liquidation damages are penal in nature and hence not subject to service tax

* Interest rate on refunds should be increased from 6% to 10% . Interest should be allowed to the assessee on refund of pre-deposits where the appeals are decided in favour of the assessee

* Concept of partial reverse charge should be done away with as it involves liabilities on both the provider and recipient of service with operational difficulties

* Amendment of the provisions of service tax regulations to grant export benefits to cross-border transactions between head office and branch office

* The earlier exemption, which was available in relation to construction of residential complex having less than 12 residential units should be reinstated

* As per Place of Provision of Service Rules, where the location of the service provider and the recipient is in the taxable territory, the place of provision of services shall be the location of the service recipient. Location of the service provider/receiver has been defined to include the location where centralised registration has been taken. Accordingly, if a service recipient has centralised registration and includes a branch in Jammu & Kashmir, the location of the receipt of service will be the location where centrally registered premises is located. Expectation is that the rules should be appropriately amended so as to exclude J&K (Non-Taxable territory) from the ambit of s-Your data has been truncated.

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

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