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: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT RATES :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: cpt :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: due date for vat payment
« Service Tax »
 Goods and Services Tax: There should not be more than three grades of rates, says Chidambaram
 Chidambaram says there cannot be multiple tax slabs in GST
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST

Finance Minister P Chidambaram to meet tax officials tomorrow
August, 28th 2012

With an aim to bring in clarity and "non-adversarial" tax administration, Finance Minister P Chidambaram will meet senior officials of the Central Board of Excise and Customs (CBEC) here tomorrow.

At the conference of the Chief Commissioners and Directors General of Customs, Central Excise and Service Tax, Chidambaram will also discuss " a fair mechanism for dispute resolution," according to a Finance Ministry statement.

Chidambaram's first meeting with the top CBEC officials since he took charge in the Finance Ministry, comes in the backdrop of contraction in the industrial growth amid slowdown in economy.

The industrial output showed contraction at 0.1 per cent in the April-June quarter of the current fiscal against a growth of of 6.9 per cent in the same period last year.

The slowdown is showing its impact on the revenue collection of the government which is facing a fiscal pressure.

Against the annual growth target of 27 per cent, indirect tax -- customs, excise and service tax -- collections during the first four months of this fiscal rose by 22 per cent.

The Budget for the fiscal 2012-13 had set a target of indirect tax collection at Rs 5.05 lakh crore. In the April-July period, the collection stood at Rs 1.45 lakh crore.

In his first public statement after taking charge of the finance portfolio on August 1, Chidambaram had assured investors "clarity in tax laws, a stable tax regime, a non-adversarial tax administration and a fair mechanism for dispute resolution".

The investors responded well to his statement as is evident from the foreign institutional investors pumping in over Rs 6,700 crore in the equity market this month so far.

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