SC: Hindu Daughter-In-Law Widowed After Her Father-In-Law’s Death is Entitled to Maintenance  ||  SC: Vendor Remains a Necessary Party in Specific Performance Suits Even After Transferring Property  ||  Raj HC: Having Different Age Criteria For Contractual and Regular Appointments is Unconstitutional  ||  Delhi HC: Registered Property Title Prevails over Claims Based on Oral Family Settlements  ||  Gauhati HC: Only A Family Court Can Grant A Divorce under Muslim Law, Not A Civil Judge  ||  Del HC: Courts Cannot Compel Lawyers to Disclose Sources of Documents Filed on Clients' Instructions  ||  SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income  ||  SC: Excavators, Dumpers Etc Used Within Factories aren’t Motor Vehicles For Road Tax Purposes  ||  SC: Complaints Alleging Fraud under Companies Act Can Be Filed Only By SFIO, Not By Private Parties  ||  SC: Preventive Detention Cannot Override Bail and Requires Proof of a Threat to Public Order    

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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