https://www.taxtmi.com/article/detailed?id=6099 Procedural reforms streamline tax administration by simplifying procedures, enabling digitally signed invoices and electronic records for excise/service-tax assesses, accelerating online registration, extending the CENVAT credit time-limit, and rationalising penalties to promote compliance; tribunal monetary thresholds and Tax Administration Reform Commission recommendations will be implemented. Substantive measures revise excise rates and levies, reorganise cess structures, increase domestic transfer-pricing thresholds, clarify indirect-transfer and dividend treatment for foreign companies, rationalise MAT for certain investors, replace wealth-tax with a surcharge on very high incomes, allow specified 80G deductions, and permit adjustment of seized cash against tax liabilities. en-us Sat, 28 Feb 2015 15:38:42 +0530 Mon, 02 Mar 2015 11:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6099 Procedural reforms streamline tax administration by simplifying procedures, enabling digitally signed invoices and electronic records for excise/service-tax assesses, accelerating online registration, extending the CENVAT credit time-limit, and rationalising penalties to promote compliance; tribunal monetary thresholds and Tax Administration Reform Commission recommendations will be implemented. Substantive measures revise excise rates and levies, reorganise cess structures, increase domestic transfer-pricing thresholds, clarify indirect-transfer and dividend treatment for foreign companies, rationalise MAT for certain investors, replace wealth-tax with a surcharge on very high incomes, allow specified 80G deductions, and permit adjustment of seized cash against tax liabilities. Articles Other Topics Sat, 28 Feb 2015 15:38:42 +0530 https://www.taxtmi.com/article/detailed?id=6099