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The Rajya Sabha passed these Bills on 6 April 2017 which were then enacted as Acts on 12 April 2017. Thereafter, State Legislatures of different States have passed respective State Goods and Services Tax Bills. After the enactment of various GST laws, Goods and Services Tax was launched all over India with effect from 1 July 2017. [18]
Chairperson, Central Board of Indirect taxes and Customs or Chairperson, CBIC is the senior most IRS (C&IT) officer in the Government of India.The Chairperson is the ex officio Secretary to the Government of India and also cadre controlling authority of the Indian Revenue Service (Customs & Indirect Taxes).
With effect from 1 April 2017, the Income-tax Act, 1961 has introduced the General Anti-avoidance Rules. The intent of the bringing the said rules is to curb the ill-practices of the tax payers & tax practitioners assisting the tax payers in avoiding the tax where the tax impact of the arrangement or the transactions is more than INR Three ...
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Yourtidings 10:14, 11 July 2017 (UTC) add this post on GST post GST TRANSITIONAL PROVISIONS RULES | CGST, SGST, GST. ITC ‘Input Tax Credit’ Rules | GST. give me access on this page i'will add more data related to GST Not done: please establish a consensus for this alteration before using the {{edit semi-protected}} template.
The minister of finance (Vitta Mantrī) (or simply, the finance minister, short form FM) is the head of the Ministry of Finance of the Government of India.One of the senior most offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government.
The income taxes are collected by the Department of Inland Revenue under the provisions of Inland Revenue Act, no 24 of 2017. [ 11 ] In addition to the income tax, PAYE tax is also charged by the Department of Inland Revenue in accordance with the terms of Section 114 of Inland Revenue Act no 10 of 2006 or Section 83 of the Inland Revenue Act ...
The Directorate General of Goods and Service Tax Intelligence (DGGI) is a law enforcement agency under the Ministry of Finance responsible for fighting tax evasion in India. [1]