News Update

Sales Tax - 'sale price' apart from including consideration for sale, also includes value of any discount or rebate offered, which is to be deducted from sale price: SCGST - GoM on IT to review progress made by GSTN so far on SaturdayRailways inducts two digitally enabled LocomotivesADB loans USD 84 mn for improving water supply in Bhagalpur & GayaIAS Association delegation meets Dr Jitendra SinghFodder scam - Laloo pleads for bail; Jharkhand HC says NOIES officers to get new houses soonIndia successfully testifires N-capable ballistic missile ‘Dhanush’ from Naval Ship off Orissa coastIndian, Canadian PMs resolve to expedite BIPA & CEPA pactsCBDT notifies India-Kenya DTAA (See 'http://www.taxindiainternational.com/')GST on 'Commission' Received in Convertible Foreign Exchange – Part-I (See 'TOG Insight' in Taxongo.com)Electoral Bond Scheme to open on Mar 1 for 10 daysNDMA organises workshop on action plan to deal with heat waveRailways organises suppliers' Samvad; Digital Challan launchedChanges in the business connection provision (See 'Edit' in 'taxindiainternational.com')I-T - Department has no right to re-examine entire issue from a different angle, if returned income of assessee is accepted barring minor adjustment of expenditure claim: HCGST Council meeting - pointers from Industry for considerationCus - CBLR, 2013 - Prohibition - Even orders passed under Regulation 23 are appealable u/s 129A of CA, 1962: HCCertain grey areas in Taxability of 'Bill to - Ship to' TransactionsST - Refund - Banking services and technical inspection & certification services are co-related with export; are Input services: HCGovt notifies Electoral Bonds; Political parties can encash bonds only through bankBig relief for Indian students joining MBBS abroad; Govt grants them exemption from qualifying NEETFinance Commission invites inputs for widening of tax baseCanada to aid India in research effortsCivil Services Day - Four priority programmes listed for PM's AwardsI-T - When assessee diverted sum received for procuring import licences for purchase of shares, such advance is to be construed as deemed dividend u/s 2(22)(e): HCI-T - If Revenue initiates penalty proceedings after six months of receipt of adjudicatory order, such proceeding is beyond period of limitation imposed u/s 275: HCGST Council to meet on March 10 through video conferencing; likely to approve new GSTR design and many amendment in GST lawsPNB fraud - ED & Income Tax continue to seize luxury vehicles & assets of Nirav Modi & ChoksiBank Frauds - Taxpayers tired to pay for 'New Civilisation'!I-T - It is clear case of barking up wrong tree if Revenue records show no tax arrears against assessee: HCIntermediary services to foreign parties-inter-state or intra-state supply?
Untitled Document

Sl. No

YEAR

DATE

FINANCE MINISTER

1

1947 - 48

26.11.1947

RK SHANMUGAM SHETTY

1948 - 49

28.02.1948

RK SHANMUGAM SHETTY

3

1949 - 50

28.02.1949

JOHN MATHAI

4

1950 - 51

28.02.1950

JOHN MATHAI

5

1951 - 52

28.02.1951

CD DESHMUKH

6

1952 - 53

28.02.1952

CD DESHMUKH

7

1952 - 53

23.05.1952

CD DESHMUKH

1953 - 54

27.02.1953

CD DESHMUKH

9

1954 - 55

27.02.1954

CD DESHMUKH

10

1955 - 56

28.02.1955

CD DESHMUKH

11

1956 - 57

29.02.1956

CD DESHMUKH

12

1957 - 58

28.02.1957

TT KRISNAMACHARI

13 

1957 - 58

15.05.1957

TT KRISNAMACHARI

14

1958 - 59

28.02.1958

JAWAHARLAL NEHRU

15 

1959 - 60

28.02.1959

MORARJI DESAI

16 

1960 - 61

29.02.1960

MORARJI DESAI

17

1961 - 62

28.02.1961

MORARJI DESAI

18

1962 - 63

14.03.1962

MORARJI DESAI

19 

1962 - 63

23.04.1962

MORARJI DESAI

20

1963 - 64

28.02.1963

MORARJI DESAI

21

1964 - 65

29.02.1964

TT KRISNAMACHARI

22

1965 - 66

28.02.1965

TT KRISNAMACHARI

23

1966 - 67

28.02.1966

SACHIDANANDA CHOUDHARY

24 

1967 - 68

20.03.1967

MORARJI DESAI

25

1967 - 68

25.05.1967

MORARJI DESAI

26

1968 - 69

29.02.1968

MORARJI DESAI

27

1969 - 70

28.02.1969

MORARJI DESAI

28

1970 - 71

28.02.1970

INDIRA GANDHI

29

1971 - 72

24.03.1971

YB CHAVAN

30

1971 - 72

28.05.1971

YB CHAVAN

31

1972 - 73

16.03.1972

YB CHAVAN

32

1973 - 74

28.02.1973

YB CHAVAN

33

1974 - 75

28.02.1974

YB CHAVAN

34

1975 - 76

28.02.1975

C. SUBRAMANYAM

35

1976 - 77

15.03.1976

C. SUBRAMANYAM

36

1977 - 78

28.03.1977

H.M. PATEL

37

1978 - 79

28.02.1978

H.M. PATEL

38

1979 - 80

28.02.1979

CHARAN SINGH

39

1980 - 81

11.03.1980

R. VENKATARAMAN

40

1981 - 82

28.02.1981

R. VENKATARAMAN

41

1982 - 83

27.02.1982

PRANAB MUKHERJEE

42

1983 - 84

28.02.1983

PRANAB MUKHERJEE

43

1984 - 85

29.02.1984

PRANAB MUKHERJEE

44

1985 - 86

16.03.1985

V.P. SINGH

45

1986 - 87

28.02.1986

V.P. SINGH

46

1987 - 88

28.02.1987

RAJIV GANDHI

47

1988 - 89

29.02.1988

N.D. TIWARI

48

1989 -90

28.02.1989

S.B.CHAVAN

49

1990 - 91

19.03.1990

MADHU DANDAVATHE

50

1991 - 92

14.03.1991

YASHWANT SINHA

51

1991 - 92

24.07.1991

MANMOHAN SINGH

52

1992 - 93

29.02.1992

MANMOHAN SINGH

53

1993 - 94

27.02.1993

MANMOHAN SINGH

54

1994 - 95

28.02.1994

MANMOHAN SINGH

55

1995 - 96

15.03.1995

MANMOHAN SINGH

56

1996 - 97

28.02.1996

MANMOHAN SINGH

57

1996 - 97

22.07.1996

P. CHIDAMBARAM

58

1997 - 98

28.02.1997

P. CHIDAMBARAM

59

1998 - 99

01.06.1998

YASHWANT SINHA

60

1999 - 00

27.02.1999

YASHWANT SINHA

61

2000 - 01

29.02.2000

YASHWANT SINHA

62

2001 - 02

28.02.2001

YASHWANT SINHA

63

2002 - 03

28.02.2002

YASHWANT SINHA

64

2003 - 04

28.02.2003

JASWANT SINGH

65

2004 - 05 interim

03.02.2004

JASWANT SINGH

66

2004 - 05

08.07.2004

P. CHIDAMBARAM

67

2005 - 06

28.02.2005

P. CHIDAMBARAM

68

2006 - 07

28.02.2006

P. CHIDAMBARAM

69

2007 - 08

28.02.2007

P. CHIDAMBARAM

70

2008 - 09

29.02.2008

P. CHIDAMBARAM