Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

PENALTY MECHANISM FOR ERRING BANKS

Para 6 - Draft-Bills-Reports - Business Processes for GST - Payment - Goods and Services Tax - Para 6 - : 79. At present, banks are subjected to penalty for delayed fund remittances only. Current system of remuneration to banks for collection of Cent .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ties to be administered by the respective Accounting Authority (i.e. if defaults arise in remission of CGST/IGST/Additional Tax, by Accounting Authority of Centre and if defaults arise in remission of SGST, by Accounting Authority of the concerned st .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of taxes is already in place in the case of Direct Taxes and the same may be put in place in GST regime. It is further recommended that a framework of desired features and validations at Banks for collection of taxes under GST regime should be devise .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version