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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

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Are We Ready for GST?


are we ready for gst

i dont think so. jo prabhavit hone wale hain is system se unko total confusion hai. sirf speakers, experts seminar aadi men apne interpretations bata rahe. jetly ji aur iyer ji blogs pe lad rahe.basic prashna hi clear nahi hai.

rate kya hogi. kitni jagah registration aur return filing hogi. scrutiny ya audit ke kya niyam honge. wartmaan me jo service tax sales tax aur custms ya excise ka department kaise kaam karega. kya chatni bhi hogi.basic exemption limit 10 lakh ya 25 lakh ya50 lakh hogi.exempted goods kaun se honge.c&f wale business ka kya hoga. local body aur state ke kaunse tax merge nahi honge. registration, assessment aur audit men rishwat waisee hi lagegi kya.abhi karodon rupaye ke lakhon maamle jo pending hain(80% jabardasti ke banaye hue) kya wo aage bhi naye system men carry honge ya iske pehle bahumat prapt sarkaar koi vces type ki scheme laakar sab dispute khatma karke saaf suthrey mahaul me clean gst layegi...ye sab prashna anutareet hain.

jab tak ek ek member of parliament stamp paper par likh kar nahi de de ki unhone is gst ko padh dekh aur samajh liya hai aur isko apne desh men lagu kiya ja sakta hai.tab tak to ye system nahi aana chahiye. kyonki kanoon banane walon aur khaskar pass karne walon ko bhi barabar ki jimmedaaree leni hogi na ki waqil aur afsar ke maze chalte rahen jaise ki abhi ho raha.

Navin Khandelwal 20/08/2015

 

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