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The bill was passed by the Rajya Sabha on 3 August 2016, and the amended bill was passed by the Lok Sabha on 8 August 2016. [ 6 ] The bill, after ratification by the States, received assent from President Pranab Mukherjee on 8 September 2016, [ 7 ] [ 8 ] and was notified in The Gazette of India on the same date.
[3] The IRS (Customs and Indirect Taxes) is controlled by a separate statutory body, the Central Board of indirect taxes and Customs (CBIC). The duties of the IRS (C&IT) include formulation and enforcement of policy concerning the Goods and Services Tax , prevention of smuggling and administration of matters related to Customs and Narcotics.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Adopting automated billing software that assist in accurate form selection, auto-population of details, and timely submission can be instrumental. 3. Compliance Costs: The transition to the GST system necessitated changes in business processes, IT systems, and skill up-gradation, leading to increased compliance costs for businesses. 4.
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).
[3] The preamble of the Act reads: An Act to provide for the prohibition of transfer of certain lands granted by the government, to persons belonging to the scheduled castes and scheduled tribes in the state, which means any land granted to the landless agricultural labourers belonging to scheduled castes and scheduled tribes, cannot be purchased.
Section 5 of the Indian Limitation Act, 1963 (Act 36 of 1963) is an enabling provision to assist the litigants who failed to do an act within the prescribed time period as originally fixed under the various enactments. For example, a litigant who failed to file an Appeal before the superior courts within the permissible time period as ...
When short titles were authorised for British legislation by the Short Titles Act 1896, the act was titled as the Government of India Act 1833. [5] However, following the repeal of most of its provisions other than those dealing with Saint Helena, it was given a new short title by the Statute Law Revision Act 1948 , as the Saint Helena Act 1833 ...