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New Delhi, 17 December In a first for the Indian tax- filing system, the country’s 6.5 million dealers might have to pay a nominal user charge when they file their returns on a unified portal once the unified Goods and Service Tax ( GST) comes into force. This concept is being considered by Goods and Service
Learn MoreBS REPORTER New Delhi, 17 December After a prolonged wait, the Cabinet on Wednesday approved the Constitutional Amendment Bill on the Goods and Service Tax (GST), paving the way for the legislation to be introduced in the current winter session of Parliament, which will end on December 23. The Bill is learnt to have sought to include petroleum within
Learn MoreMUMBAI: The Bombay High Court has upheld the levy of service tax on services provided by lawyers and law firms, to their business clients. Thus, business entities who hire lawyers and law firms will have to continue to pay service tax and also deposit it with the government. Since July 2012, a ‘reverse charge mechanism’ was introduced. Business entities, with a
Learn MoreMUMBAI, DECEMBER 15: The Securities and Exchange Board of India, which has spelt out the conditions under which promoters of companies may be reclassified as public shareholders, has provided five situations which may result in a request for reclassification. Acquisition by another The first is that of promoters who seek reclassification after the company has been
Learn MoreNEW DELHI, DECEMBER 15: The Government will revisit the food safety Act to make it more stringent to check growing instances of adulteration and contamination. “Two days ago, we set up a task force, which will submit its suggestions in 45 days, which will be then be put up in public domain for inviting comments. Imported
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