GOVT MAY ROLL BACK SOME BUDGET LEVIES

Posted: 10 Mar 2011 08:12 PM PST

Tax on diagnostic services, rail freight, CKD kits under review. Bowing to pressure, the finance ministry may give industry relief from some of the new levies proposed in the Budget. The ministry, say officials, may partially roll back the proposed levy of service tax on health and diagnostic services. It may also defer the introduction of service tax on rail freight by another six...

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Process of incorporation of Companies simplified

Posted: 10 Mar 2011 08:09 PM PST

GENERAL CIRCULAR NO. 6/2011 [F. NO. 17/56/2011-CL-V], DATED 8-3-2011I am directed to inform that Ministry has received various representations regarding time taken by the Registrar of Companies for registration of Form-1 and Form-44.The Ministry has got the issue examined by Business Process Re-engineering Group under MCA-21 and in order to speed up and simplify the process of incorporation...

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