The GST bill seeks to set up a GST Council. The GST Council aims to develop a harmonized national market of goods and services. According the GST Bill,...
A robust IT infrastructure is prerequisite to successful implementation of GST. The current status is as follows: For central taxes, the IT infrastructure is managed by the NIC...
GST will come into effect by enactment of constitution 122nd amendment bill. This bill is the current and slightly modified version of Constitution 115th amendment bill, which was...
The meaning of the term “investment” is different for economists than the rest of the world. When we ask our banker for investment, he / she would probably...
Goods and Services Tax is a comprehensive indirect tax which is to be levied on the manufacture, sale and consumption of goods and services in India. This is...
First Indirect Tax Reform occurred in India when the Modified Value Added Tax (MODVAT) was introduced for selected commodities in 1986 to replace the Central Excise Duty. It...
Information Technology has made the life of tax payers easy as they don’t need physically go to banks to deposit bank challans and present the case and documents...
On behalf of the Income Tax Department, the National Securities Depository Limited (NSDL) established Tax Information Network (TIN). This is a source of the countrywide tax related data. ...
Impetus to direct tax reforms in India, came with the recommendations of the Task Force on Direct & Indirect Taxes under the chairmanship of Vijay Kelkar in 2002....
