Greetings from Team SA
Supreme Court has dismissed the review petition filed against judgement in the landmark Fiat Case regarding assessable value of sale of goods at price lesser than market value... M/s. Fiat India Private Ltd vs CCE 2012-TIOL-110-SC-CX.
At a meeting of the Empowered Committee of State Finance Ministers at Bhubaneswar, the State Governments accepted most of the suggestions of the Committee constituted by the Finance Minister P.Chidambaram.
Textiles Ministry to study the likely impact of proposed Goods and Services Tax (GST) on the textiles sector with a view to improve its competitiveness and raising its share in the global market.
GAAR to be implemented with changes proposed by Shome Panel and to be effective from 2016-17, with NO retrospective application.
Applications invited for post of member judicial in CESTAT.
Government to introduce legislation to ensure timely delivery of goods and services to citizens by public authorities.
Shri. PK Jain, Shri. Manmohan Singh, Shri. H.K. Thakur and Dr.I.P Lal are appointed as new Members (Technical) at Mumbai, New Delhi, Ahmedabad and Kolkotta benches of CESTAT respectively.
Shri. B.S.V.Murthy, Member (Technical) has been transferred to the Bangalore bench of CESTAT.
Shri. P.K.Das, reinstated as Member (Judicial) and posted to Chennai bench of CESTAT.
Supreme Court has directed the airlines not to charge transaction fees from air passengers when tickets are booked through travel agents.
India to grow at 5.9% in 2013, says IMF.
Govt hikes gold import duty and introduces Deposit Scheme.
Govt seeks TRAI views for further reform in Cable TV Sector.
India's growth may inch closer to China in near future: WB Economist.
Gujarat to account for one-third of India's exports by 2020: FIEO.
Personal income tax collections up by 14.6%.
14th Finance Commission to submit report by Oct, 2014
Internet celebrates 30th birthday
Agriculture growth vital for inclusive growth: FM
Rangarajan committee recommends extended tax holiday & time frame of 10 years .