When was the indirect tax at which Navin Kumar served as the first chairman introduced in India?
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Navin Kumar Navin Kumar (born 29 August 1952), is a retired Indian Administrative Service (I.A.S.) officer of Bihar cadre in India. He also served as the first Chairman of Goods and Services Tax Network (GSTN) in India from 2013 to August 2017. He has also served as Chief Secretary in the state of Bihar retiring from service in August 2012. He belongs to the I.A.S. batch of 1975. He has also served as Secretary in Ministry of Urban Development, Chairman of Metro Rail Corporations of India such as Delhi Metro Rail Corporation, Bangalore Metro Rail Corporation and Director General of Doordarshan with additional charge as CEO of Prasar Bharati.
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Goods and Services Tax (India) Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% ,18% and 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 15% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. GST was initially proposed to replace a slew of indirect taxes with a unified tax and was therefore set to dramatically reshape the country's 2 trillion dollar economy. The rate of GST in India is between double to four times that levied in other countries like Singapore.
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Expenditure Tax Act, 1987 The Expenditure Tax Act, 1987 is an Act of the Parliament of India. It applies to any charges incurred by an individual and in the event that these charges are implied to be chargeable expenditure. The Act is applicable to all the States and Union Territories in India except the state of Jammu and Kashmir.
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Shome Panel The Shome Panel is the panel set up by Dr Manmohan Singh headed by economist Parthasarathi Shome responsible for constituting guidelines for General Anti Avoidance Rules (GAAR).The committee has said that the retrospective application of tax law should happen in the rarest of rare cases and for one of three reasons only: to correct anomalies in the statute, to matters that are clarificatory in nature such as technical/procedural defects that vitiate the substantive law and, lastly, to protect the tax base from abusive tax planning schemes whose main purpose is to avoid tax. The panel has recommend deferring GAAR.
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Rajiv Gandhi National Quality Award The Rajiv Gandhi National Quality Award is the national quality award given by the Bureau of Indian Standards to Indian organisations that show excellence in their performance. It is named after Rajiv Gandhi, the former Prime Minister of India, and was introduced in 1991 after his death. The award aims to promote quality services to the consumers and to give special recognition to organisations that contribute significantly towards the quality movement of India.
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A. C. Muthiah Annamalai Chidambaram Muthiah (born 1940) is an Indian industrialist and cricket administrator. He is the Chairman-Emeritus of Southern Petrochemical Industries Limited (SPIC) and is the chairman of Sri Venkateswara College of Engineering (SVCE), Sriperumbudur near Chennai. He served as the President of the Board of Control for Cricket in India from 1999 to 2001. Muthiah is the eldest son of M. A. Chidambaram and the grandson of Sir Annamalai Chettiar.
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All India Federation of Tax Practitioners The All India Federation of Tax Practitioners (AIFTP) is an association of Advocates, Chartered Accountants and Tax Practitioners in India. The Federation was established in 1976. It is the largest Federation of Tax Practitioners in India with 105 tax associations and 3800 individual members including leading senior advocates and Chartered Accountants. It is an association formed by those who perform as taxation law practitioners of India. The so called body was an initiative of  Nanabhoy Palkhivala
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Rajen A. Kilachand Rajen Arvind Dev Kilachand is the chairman and President of the UAE-based Dodsal Group.
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M. A. Muthiah Chettiar Raja Sir Muttaiya Annamalai Muthiah Chettiar (5 August 1905 – 12 May 1984) was an Indian banker, politician, philanthropist, socialite and cultural activist who served as Mayor of Madras city (1933) and Minister of Excise and education (1936-37) in the provincial government of Madras Presidency.He was holder of the herditary title Kumar-rajah (1929-48) and later, Raja of Chettinad (1948-84).
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Navayuga Group The Navayuga Group is an Indian multinational conglomerate headquartered in Visakhapatnam, with diversified portfolio that includes public infrastructure in roads, bridges, metro rail, marine works, IT/ITES companies, ports, power projects and steel units. It was founded by Mr C. Visweswara Rao in the year 1986.
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The Eleventh Finance Commission of India The Eleventh Finance Commission of India was appointed by the President on July 3, 1998 for the period 2000-2005.
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NTPC Limited NTPC Ltd., formerly known as National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India. The company also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.
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National Shipping Board The National Shipping Board is an Advisory Body on matters related to shipping and shipping infrastructure(ports) .As India gained its independence in 1947 shipping had become very important for the growth of India as the Shipping Laws were created by old British law it had to be revised and in 1958 when the Merchant Shipping Law was consolidated and the opportunity was taken to provide for the formation of a Permanent statutory body called the National Shipping Board. The National Shipping Board was established on 1 March 1959.The Body was established by a recommendation to the Reconstruction Policy Sub-Committee as early as 1947. It comes under the Ministry of Shipping (India)it looks into matters related to Indian Shipping.The National Shipping Board members are elected/nominated by Parliament,Lok Sabha(lower house of parliament and Rajya Sabha(upper house of Parliament). The National Maritime Agenda 2010-2020 is an initiative of the Ministry of Shipping & The National Shipping Board to outline the framework for the development of the port sector. The agenda also suggests policy-related initiatives to improve the operating efficiency and competitiveness of the Ports in India.
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Samir Modi Samir Modi (born 15 December 1969) is an Indian entrepreneur and the younger son of Indian businessman K.K. Modi and his wife Bina Modi. He is an Executive Director at Modi Enterprises, which was founded by his grandfather, Rai Bahadur Gujarmal Modi, in 1933. He is also an executive director of Godfrey Phillips India and a director of Indofil Industries Ltd. He has been instrumental in launching various new initiatives for the Modi Group, including Modicare, Colorbar Cosmetics and Twenty Four Seven Retail Stores.
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Prithvi Raj Singh Oberoi Prithviraj Singh "Biki" Oberoi (born 1929) is the Executive Chairman of the () EIH Limited (formerly East India Hotels), , the flagship company of India’s The Oberoi Group, which runs a chain of luxury hotels, The Trident hotels and Oberoi Hotels & Resorts., the third largest hospitality chain in India.
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V. Vaidyanathan V. Vaidyanathan is founder and Executive Chairman of Capital First Ltd. He founded Capital First Ltd. by acquiring an equity stake in an existing wholesale NBFC, and then securing an equity backing of Rs. 810 crore in 2012 from reputed PE Warburg Pincus and concluded a successful buyout of the company which resulted in buyout of other majority and minority shareholders through an open offer to public. As part of the process, fresh capital of Rs. 1.00 billion was infused into the company, the board of directors was reconstituted, the business of the company was changed from wholesale to retail lending, and a new brand, Capital First was created. Post the buyout, Vaidyanathan holds shares and options totaling 13% of the company on a fully diluted basis through personal holdings and related entities.
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Ashok Kumar Jain Ashok Jain (1934 – February 4, 1999) was an Indian industrialist and philanthropist, who was the Chairman of India's largest media group, Bennett, Coleman & Co. Ltd., parent company of "The Times of India" and other large newspapers.
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Atul Punj Atul Punj is an Indian businessman and chairman of Punj Lloyd group.
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Khadi and Village Industries Commission The Khadi and Village Industries Commission (KVIC) is a statutory body formed by the Government of India, under the Act of Parliament, 'Khadi and Village Industries Commission Act of 1956'. It is an apex organisation under the Ministry of Micro, Small and Medium Enterprises, with regard to khadi and village industries within India, which seeks to - "plan, promote, facilitate, organise and assist in the establishment and development of khadi and village industries in the rural areas in coordination with other agencies engaged in rural development wherever necessary.". In April 1957, it took over the work of former All India Khadi and Village Industries Board.
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National Commodity and Derivatives Exchange National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity exchange based in India. It has an independent board of directors and professional management, who have interest in commodity markets. It provides a commodity exchange platform for market participants to trade in commodity derivatives. It is a public limited company, incorporated on 23 April 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on 9 May 2003, and began operations on 15 December 2003. NCDEX is the only commodity exchange in the country promoted by national institutions. NCDEX is regulated by the [Securities and Exchange Board of India] (SEBI), and is subject to the Companies Act 2013, Stamp Act, Contracts Act, Forward Commission (Regulation) Act, and various other laws.
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Vinod Rai Vinod Rai (born 23 May 1948) is an Indian economist who served as the 11th Comptroller and Auditor General of India. He assumed office on 7 January 2008 till 22 May 2013. He is the current chairman of UN Panel of External Auditors and Honorary Advisor to the Railways and a member of the Railway Kaya Kalp Council. He holds a master's degree in Economics from the University of Delhi, and Masters in Public Administration from Harvard University. He is widely considered as symbol of the anti-corruption movement and is credited with having turned the office of CAG into a powerful force for accountability and transparency in contemporary India.
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National Stock Exchange of India The National Stock Exchange of India Limited ("NSE") is the leading stock exchange of India, located in Mumbai. The NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country. Vikram Limaye is Managing Director & Chief Executive Officer (MD & CEO) of NSE.