News Update

Saudi Arabia imposes temporary visa ban on 14 countries, including PakistanUK protests against Israel detaining two British lawmakersGovt to set up dedicated startup India desk for budding entrepreneursDelhi Govt takes stern action against steep fee hike by private schoolsUK MP Dan Norris arrested for alleged child sex offencesIndian-American country judge nabbed on money-laundering chargesAustralia pledges 2.3 bn Australian dollar to enable households buy solar batteriesIndia, Lanka sign MoU on defence cooperationCX - Mere interconnection under Income Tax law does not establish a related party transaction under Central Excise law, thereby invalidating department's demand for duty at 110% of production cost: CESTATOwaisi moves SC against Waqf Amendment ActNo TDS to be deducted u/s 194EE on payments u/s 80CCAST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTATCBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCsST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTATKessler Syndrome: Over 1200 objects of space debris banged into earth in 2024CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTATTrump grants another 75-day to TikTok to find Chinese buyerEU fears Trump beer tariffs may cost one lakh jobsTrump tosses out National Security Agency DirectorBudget Session of Parliament adjourns sine-die; 16 Bills passedHamas says Israeli offensive in Gaza is fatal for hostagesEuropean Commission votes to freeze existing sustainability rules to compete with China and USParliament passes Protection of Interest in Aircraft Objects Bill, 2025US economy adds 2.28 lakh jobs in March monthI-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITATChina retaliates; imposes 34% tariffs on American goods

MESSAGE BOARD

   

GST - July 1 - Another 'Disruptive' Decision?


GST

Sir,
Your face expresses the agony of each and every businessman in this country. There is no change in the mind set of the bureaucrats and the ministers in their dictatorial approach. GST was golden opportunity for this Govt. to seek the confidence of the businessman of this country by implementing it with care and caution and allowing time of atleast 3 months after Act & Rules are made available and testing of Govt. portal.
No one including Govt.is prepared for and yet they are blatantly misleading the H'ble PM and entire nation.
While interacting with foreign businessman we are cutting sorry figure about our Nation as a whole and India has become a laughing stock for them.
In short whatever India has gained in the world market in last two years has been washed out by the very same Government. Clumsy provisions of GST Law are bound to open 'flood gates' of corruption for money hungry Govt. machinery both at Centre and States.
it also shows that none of the political parties are serious about Nation other than their own well being. A pathetic situation wherein words are short to express feelings
Rajan Phansikar
Mumbai


Rajan Phansikar 22/06/2017

 

Back