SC: Forfeiture of Earnest Money Impermissible When Both Buyer and Seller are at Fault  ||  Supreme Court: Gravity of Offence Cannot Defeat Speedy Trial; Pre-Trial Detention is Punishment  ||  SC: Terrorist Act under UAPA Includes Conspiracies to Disrupt Essential Supplies, Not Just Violence  ||  Supreme Court Directs Measures to Prevent False and Frivolous Complaints Against Judicial Officers  ||  SC: Mere Participation in Arbitration Doesn’t Bar Challenging Arbitrator; Waiver Must be in Writing  ||  SC: Under Order 1 Rule 10 CPC, the Plaintiff, as Dominus Litis, Cannot be Forced to Add a Defendant  ||  SC: Law Does Not Change With a New Bench; Decisions of a Coordinate Bench are Binding  ||  Delhi HC Absence of Formal Arrest under Section 311A Crpc Does Not Bar Giving Handwriting Samples  ||  Del HC: Security Guards Performing Duties Cannot Be Prosecuted For Wrongful Restraint or Molestation  ||  Bombay HC: Housing Society Earning From Telecom Towers Isn’t An ‘Industry’; Staff Get No Gratuity    

Report on Revenue Neutral Rate and Structure of Rates for GST- (Ministry of Finance ) (04 Dec 2015)

Other Taxes

A Committee appointed by the Government to suggest tax rates under the common Goods and Services Tax framework for the whole country has released its conclusions. The Report assesses weaknesses of the current, fragmented system which can adversely affect domestic manufacturing. It notes that with the introduction of a homogenous Goods and Services Tax, even a slight reduction in the total tax payable will increase the likelihood of compliance with tax collection and aid revenue collections.

Tags : COMMITTEE REPORT   GOODS AND SERVICES   TAX  

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