There is much work to be done to design a good GST, notes Parthasarathi Shome. In the last mile, many essential components of a robust goods and services tax India is rushing towards a so-termed GST replacing service tax and excises (or CENVAT) at the Centre and VAT and small consumption taxes of the states. In a decade-long process of replacement, major successes were occurring to meaningfully consolidate the nation’s domestic consumption tax structure. But in the last mile, many ... Rediff.com, 3 weeks ago
New Delhi : Taxpayer services will be improved to a great extent in coming days with CBDT announcing that recommendations of a government-appointed panel on reforms in tax administration will be implemented soon. Chairperson of Central Board of ...NDTV Profit, 1 week ago
PM Narendra Modi 's Cabinet member, FM Arun Jaitley has appeared to be like any other finance minister in the past, who has been convinced by the Income-Tax Department that what it has been doing has been the correct course. (PTI) The ...Financial Express, 1 month ago Will no-MAT on FPI decision end tax terror? MSN News US, 1 month ago
One cannot help ask why successive governments would try to push ahead with projects proffering disproportionate benefits to owners of land & labour and taxing away owners of small land parcels, notes Parthasarathi Shome. "That is the question." And the answer is: little. We need to incorporate economic fundamentals in the legislation on land acquisition as advanced tend to go through this pain methodically. Thus, the embedded economics deserves to be illustrated. Figure 1 describes ...Rediff.com, 2 months ago
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