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Pay more for eating out, flying business-class from 1-4-2015
This summer going to museums, zoos and tiger reserves will get cheaper but for eating out, flying business-class and investing in mutual funds and chit funds you will have to pay more with the new ser...
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Tax white paper: Treasury urges more GST, less income tax
The Commonwealth Treasury has set out the case for an increase in Australia's rate of goods and services tax and a series of cuts in income and company tax, saying that at 10 per cent, Australia's GST...
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Maharashtra Budget, 2015: Impact on VAT Analysis
1. Local Body Tax Local Body tax is proposed to be abolished from 1st August, 2015 and the loss of revenue due to the abolishment shall be compensated by enhancing the rate of Value Added Tax. 2. Entr...
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Amnesty Scheme in Rajasthan- Entry Tax (Notification No. F.12(17)FD-Tax-2015-240 Dated-18.03.2015)
Amnesty Scheme in Rajasthan- Entry Tax Rajasthan government has introduced an amnesty scheme related to the outstanding demand of Entry Tax vide Notification No. F.12(17)FD-Tax-2015-240 Dated-18.03.20...
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E-Commerce Transactions and VAT/CST Implications
A significant number of web sites, such as, Amazon.in, Flipkart.com, Snapdeal.com, eBay.in, etc., are engaged in E-Commerce (E-Com., in short) activities in India. The two major forms of E-Commerce ar...