2011 - 12 tax collection may cross ten lakh crores - FM increases revenue targets by 10%.
Board notifies "proper officers" to overcome the SC ruling in the case of Sayed Ali - Empowers DRI / DGCEI to issue show cause notices... Click here for copy of the Notification
Bihar Finance Minister and Deputy CM, Mr. Sushil Modi, has been elected as the new Chairman of the Empowered Committee of State Finance Ministers on GST in place of Dr. Asim Dasgupta.
Senior Advocate Mr. Rohinton Fali Nariman is the new Solicitor General of India.
Kerala HC grants interim stay against coercive steps for recovery of service tax on restaurants and short term accommodation service for a period of two months.
Madras HC grants stay on legal consultancy services including registration requirement.
CDBT notifies digital signature mandatory for e filing of income tax returns.
Simplified procedure for onlineincorporation of Companies notified...MOC General Circular No. 49/2011 dated 25.07.2011
# Tamilnadu increases VAT rates from 4% to 5% and 12.5% to 14.5%.
# Apex Court rules that the stainless steel wire does not fall under category of “tools, alloys and special steels of any of the above categories” under Setion 14 (iv)(ix) of Central Sales Tax Act, 1956...Bansal Wire Industries Limited vs. State of UP 2011 269 ELT 145 S.C