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: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT Audit :: list of goods taxed at 4% :: form 3cd :: VAT RATES :: cpt
 
 
VAT (Value Added Tax) »
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?

Delhi government announces reward scheme for informers on VAT
September, 11th 2015

In order to minimise the pilferage of tax revenue, Delhi government has decided to introduce a reward scheme for informers providing vital inputs in the national capital.

According to government, the scheme is being introduced to check and detect value added tax evasion in the capital. It is felt necessary to have participation of informers who can provide specific inputs in the area of tax evasion.

"Informers, whose identity will be kept totally confidential, will be suitably rewarded in case the information leads to realisation of additional tax revenue. In cases, where inspection is undertaken consequent to written information furnished by the informer

"And as a result additional demand of tax amounting to at least Rs 10 lakh is created and realised, the informer shall be eligible for reward up-to 7.5 per cent of the additional tax demand created and realised or Rs 10 lakh, whichever is less," said a senior government official.

The official said that the scheme also includes a provision of an advance reward upto a maximum limit of Rs 25,000 to the informer upon successful search and seizures, an interim reward of an amount proportionate to the deposit of additional admitted tax as a result of assessment proceedings which will be released after expiry of 3 months of such assessment order without any objection or appeal.

"The final reward will be the full and final amount after adjustment of interim and advance rewards already granted and will be paid when the assessed amount has been deposited by the dealer and the same is not contested in any departmental or legal proceedings," official said.

Government said that all cases for the eligibility for the reward as well as its quantum and release shall be decided by a Reward Evaluation Committee (REC) headed by the Commissioner VAT or his nominee.

"Where any information or evidence is furnished by any person in the expectation of a reward, the informer will be required to furnish a written statement along with an undertaking which will be signed by the informer in the presence of an officer of the department," official also said.

Original statement of all cases will be kept in the custody of the Joint Commissioner/ Additional Commissioner concerned. However, no reward will be admissible if the informer refuses to give the written statement and undertaking, the official added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 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