Page-7 of Taxation
Government approves re-organisation of field formations of CEBC to implement GST
The Union Finance Minister has approved re-organisation of field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST). Under it, CBEC will be renamed as the Central Board of Indirect ..
Month: Current Affairs - March, 2017
Government notifies third Protocol amending India-Singapore DTAA
The Union Finance Ministry has notified hird Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA). The agreement came into force in February 2017and was signed in December 2016. The Third Protocol amends the DTAA between both countries to provide for ..
Month: Current Affairs - March, 2017
Union Cabinet approves amendments to Customs and Excise Act to facilitate GST Regime
The Union Cabinet has approved amendments to the Customs and Excise Acts related to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Decision in this regard was taken by Union Cabinet meeting ..
Month: Current Affairs - March, 2017
Union Cabinet approves four GST Bills
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the four Goods and Services Tax (GST) related bills. These Bills were earlier approved by the GST Council after clause by clause, discussion over 12 meetings in past ..
Month: Current Affairs - March, 2017
GST Council approves States and UTs GST Bills
GST Council meeting presided by Finance Minister Arun Gaitley has approved draft Bills for implementing the goods and services tax (GST) in States and Union Territories (UTs). It was the 12th meeting of the GST Council. The Council already has ..
Month: Current Affairs - March, 2017
India and Belgium sign Protocol amending Double Taxation Avoidance Agreement and Protocol
India and Belgium have signed a Protocol to amend the existing Double Taxation Avoidance Agreement (DTAA) between the two countries. The Protocol was signed by Sushil Chandra, Chairman Central Board of Direct Taxes (CBDT) and Jan Luykx, Ambassador of Belgium ..
Month: Current Affairs - March, 2017
GST Council approves final draft of Central GST, Integrated GST laws
The GST Council meeting headed by Union Finance Minister Arun Jaitley approved the final draft of Central GST (CGST) and Inter-State GST (IGST) laws. The approval of CGST and IGST laws is considered as significant step towards meeting the July ..
Month: Current Affairs - March, 2017
CBDT inks 10 more Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has entered into 10 more Advance Pricing Agreements (APAs) pertaining to various sectors of economy like Telecom, Banking & Finance, Pharmaceutical, Steel, Retail and IT etc It includes 7 Unilateral APAs, 2 Bilateral ..
Month: Current Affairs - March, 2017
CBEC launches mobile application for GST updates
The Central Board of Excise and Customs (CBEC) has launched a mobile application for Goods and Services Tax (GST) to inform the taxpayers of the latest updates on GST. The app has been launched inline Union Government’s flagship Digital India ..
Month: Current Affairs - February, 2017
Government constitutes inter-departmental task force to crack down on benami firms
The Union Government has constituted inter-departmental task force comprising members of various regulatory Ministries and enforcement agencies to crack down on benami firms. It is first major post-demonetisation move undertaken by Government for unearthing black money from shell companies used ..