Supreme Court: Imminent Death Not Required For a Statement to Qualify as Dying Declaration  ||  SC: HC Cannot Grant Pre-Arrest Bail Without Quashing FIR; Accused Must Approach Sessions Court First  ||  SC: Agreed Interest Rate Cannot Be Challenged as Exorbitant; Arbitrator Cannot Override Contract  ||  SC: Agreed Interest Rate Cannot Be Challenged as Exorbitant; Arbitrator Cannot Override Contract  ||  SC: GST Exemption on Residential Lease Applies When Building is Sub-Leased for Hostel/PG Use  ||  Rajasthan High Court: Universities Cannot Retain Students’ Original Documents for Pending Fees  ||  NCLT: Damages from Contractual Disputes Cannot Form Basis for Initiating Insolvency Proceedings  ||  Del HC: Pre-SCN Consultation is Unnecessary in Large-Scale GST Fraud Cases with Complex Transactions  ||  Calcutta HC: Unilaterally Appointed Arbitrator Violates Natural Justice and Sets Aside the Award  ||  Raj HC Upholds Padmesh Mishra’s AAG Appointment, Noting Advocacy Skill isn’t Tied to Experience    

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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