thought the cst rate has been decreased from 3% to 2%, inputs used in the manufacture of goods that are despatched outside the state not as a dired result of sale and input tax credit on use of petroleum products as mentioned in section 14 of the kva ..
The Finance Minister Shri P. Chidambaram will inaugurate the 24th Annual Conference of Chief Commissioners & Directors General of Income Tax here on coming Monday. The valedictory address will be given by Minister of State for Finance Shri S.S. Palan ..
With effect from 1st April, 2008 the Central Government amended the area based excise duty exemptions applicable to units located in Jammu & Kashmir, North-East, Sikkim and Kutch District of Gujarat so as to allow refund of excise duty based upon the ..
A large number of non-resident Indians (NRIs), who make earnings in foreign exchange, keep money in India in non-resident ordinary (NRO) account. The RBI regulations provide that the balance in the NRO account is not eligible for remittance outside I ..
The finance ministry has relaxed the area-based excise duty exemption norms, entitling companies to seek higher refunds based on their value addition. Manufacturing units with 15 per cent value addition are now eligible to seek special rate of refund ..
Yielding to demand from the IT industry to create modern integrated townships that would be bereft of infrastructure snags, the Union government has given a green signal for establishment of Information Technology Investment Regions (ITIRs) across th ..
The government will soon introduce biometric permanent account numbers (PAN) for income tax payers, though initially only new applicants would be brought under its net, Finance Minister P. Chidambaram said on Monday."There is progress on biometric PA ..
Public sector explorer ONGC is finding it hard to forego its claim of over Rs 3,000 crore as tax exemption. Citing legal precedents and reasoning, the oil major has again sought Cabinet secretariat’s approval to take a legal recourse before the incom ..
BHOPAL: The Income Tax authorities have issued notices to four ministers of Madhya Pradesh cabinet for not filing proper returns for years and imposed a penalty of Rs 5,000 each on them.The notices were issued against four ministers - Kusum Mehdele, ..
On the basis of the discussions between the Empowered Committee (EC) of State Finance Ministers and the Union Finance Minister regarding the compensation package, the Government of India, Ministry of Finance, Department of Revenue has issued a notifi ..
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