Here's the recent articles submitted by lawcrux advisors
Articles By lawcrux advisors
Advance Authorisation Duty Exemption Scheme
By: lawcrux advisors
Advance Authorisation (DES) is a duty exemption scheme which enables duty free import of inputs for export production. Initiation of this scheme by Indian Government is a great step to boost the exports of the country. In this context we are describing herewith the full procedure for obtaining and redeeming Advance Authorisation.(read
entire article)
View : 213 Times
Category : Business
Uncertainties In Implementation Of Gst
By: lawcrux advisors
One of the biggest tax reforms in India- Goods and service Tax is all set to integrate state economies and Boost overall growth.GST will create single, unified Indian market to make economy stronger. Finance Minister while presenting the budget on 6, July 2009 said that GST would come in effect from April 2010.(read
entire article)
View : 176 Times
Category : Business
Payment Of Education Cess From Credit Of Basic Excise Duty
By: lawcrux advisors
Sometime Credit in the account of one or more heads of Excise duty i.e Cenvat, Education Cess & SHE Cess has been piled up due to various reasons. Now the question is whether payment of one head can be done from the Cenvat credit lying unutilized in Account of other head.(read
entire article)
View : 190 Times
Category : Business
Will The Gst Miss The Deadline Again
By: lawcrux advisors
The statements which are coming from the officials of the Finance Ministry is reflecting that the scheduled date for the implementation of the Goods and Service Tax i.e. April 1,2011 which is also an extended one ,will miss the deadline again.(read
entire article)
View : 216 Times
Category : General
Different Thoughts Showing Different Paths
By: lawcrux advisors
Nothing is going right for the future of the Goods and Services Tax. This meeting of the Empowered Committee of State Finance Ministers also failed to provide any fruitful results. In this meeting, politics comes upfront as the Congress ruled States agreeing with the Centre's proposal and the BJP ruled states differing with the Centre's viewpoint.(read
entire article)
View : 207 Times
Category : Marketing
Comptroller And Auditor General Of India Cag Report: An Eye-opening For Gst
By: lawcrux advisors
While the Government is trying hard with opposition parties to implement the Goods and Services Tax from April next year, a study carried out by the Comptroller and Auditor General of India [CAG] has brought out shocking details of the manner in which several states are operating the Value - Added Tax (VAT) system.(read
entire article)
View : 207 Times
Category : General
Further Delay In Gst (goods And Service Tax) Is Possible
By: lawcrux advisors
CORRIGENDUM: It is to be hereby informed that in our last article the date of the meeting of the Empowered Committee of the State Finance Ministers was by mistake written as Sep 20, 2011 instead of Sep 20, 2010. Now that meeting has already taken place.(read
entire article)
View : 198 Times
Category : Business
Ups And Downs In Goods And Service Tax Gst
By: lawcrux advisors
In our previous article we had discussed about the issues which are coming in the way of the rolling on the GST. Among these issues, the major one is the “Veto Power”.(read
entire article)
View : 181 Times
Category : General
Constitutional Amendments-the Penultimate Requirement
By: lawcrux advisors
It appears that in the near future there will be no end in sight to the differences between the Centre and the States over the model required for the introduction of the Goods and Services Tax. The progress in the proposed Goods and Services tax regime which once took a very good pace seems to be slowing down just because of the absence of the one word i.e. Consensus. Consensus is the only word on which the future of the Goods and Services depends but a lot of barriers are still there in front of the Finance Ministry to achieve that with the Empowered Committee of the State Finance Ministers.(read
entire article)
View : 228 Times
Category : Business
Diversion Would Not Solve The Purpose
By: lawcrux advisors
Once again some ray of hope is coming from the clouds of differences between the Centre and the States that might clear the future of the Goods and the Services Tax as finally the Empowered Committee of State Finance Ministers are going to meet once again to solve the puzzle of GST.(read
entire article)
View : 233 Times
Category : Business
