Page 3 - Sukumar Mukhopadhyay

Including real estate in GST will be retrograde

Any proposal to include immovable property in the design of GST should be rejected

Clearing the cobwebs from the concept of GST

GST necessarily includes service tax, but VAT can only be on goods without including service tax

Denying Cenvat credit for export untenable

Zero-rating in case of exports means that the duty on input and output will have to be refunded, or not charged

Customs duty regime needs to be friendlier

The sheer complication in the tariff itself is quite daunting for investors

Time to move forward with a new GST model

At the state level, it will be an amalgamation of sales tax and some existing state taxes

Advance ruling powers diluted by clarification

CBEC instruction says any issue decided by the Appelate Tribunal or courts will be outside the purview of AAR

Sukumar Mukhopadhyay: Jaitley's war on tax terrorism

The finance minister has done well to draw on the Shome report on tax administration reform in this Budget to move towards a more taxpayer-friendly regime

Design the Budget to reduce cost of transaction

The finance minister should look at empowerment of Authority of Advance Ruling & abrogation of welfare law

The go-to tax compendium

Fixed revenue target turns good taxpayers into bad

Most countries have moved away from the static revenue target principle to a moving target depending on the performance of the economy

Service tax on leased goods is valid

The taxable event for service tax is the act of providing service; ownership is not relevant

'Sunset clause' in exemption notification not a must

Timeless exemption notification have no time limit, and the government can terminate the notification any time

Implications of AAP's 'populist' demand of premises search

If a search is made just on mere suspicion then it becomes illegal

CAG's powers to audit under judicial scrutiny

DoT has been reluctant to nominate CAG for audit while the pvt telecos went to Delhi High Court, which has now ordered it is legal to audit the account of the private telecom service

Underdevelopment index a bundle of contradictions

Analysts have criticised the report, as the finding appears to favour some states over the other

No retrospective effect in criminal jurisprudence

Article 20 of the Constitution specifically bars retrospective effect in criminal law

Litigation must end

Fiscal concepts misconceived in An Uncertain Glory

Without subsidy, the manufacturers of fertiliser will close down, as have some, leading to industrial unemployment and unrest

Taxpayers' right to get a firm ruling on classification

Excisability, thy name is confusion

Even if the rate of duty is nil, the goods can still be excisable, if they are manufactured and are marketable goods