201512.04
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Standard GST Rates @17-18% and GST Revenue Neutral Rate @ 15-15.5%- CEA Led Panel Recommends to FM

Finally ,its official that today  the chief economic advisor, Mr Arvind Subramanian, has submitted his report on the goods and services tax (GST) to Mr Arun Jaitley,Finance Minister  of India . . The most amazing thing in this report is recommendation of 15-15.5% GST Revenue Neutral Rate (RNR)  which  is much below than the minimum expectation…

201512.01
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Clarification Sought On Section 29A of Arbitration and Conciliation (Amendment) Ordinance, 2015

In the matter of Delphi TVS Diesel Systems Ltd v. Union of India,the recently promulgated Arbitration and Conciliation (Amendment) Ordinance, 2015 was before the the Division Bench of High Court of Madras on 24.11.2015. The bench comprisingS.K. Kaul, C.J. and Pushpa Sathyanarayana, J. sought clarifictaion from Union of India on the following: a. whether Section…