Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: VAT RATES :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT Audit
« Service Tax »
  GST not to be added for TDS computation
 Getting it wrong on GST
 GST: When does a service provider need to register across multiple states?
 GST Council to examine sectoral issues in August 5 meet
 Number of taxpayers under GST set to eclipse that of previous tax regime
 Goods and Services Tax will accelerate growth,
  Central Goods and Services Tax (CGST) Rules, 2017
 Goods bought with loyalty points will face tax under GST
 substitution of Service Tax by Goods and Services Tax (GST)
 Income Tax: TDS deducted but ITR not filed? Here's what professionals need to do
 9 ways GST could impact home buyers

Karnataka favours adoption of Goods and Services Tax, says CM
October, 12th 2011

The Karnataka Chief Minister said on Tuesday that his Government favours adoption of the Goods and Services Tax (GST).

We, in the Empowered Committee of the State Finance Ministers, are for GST in India and will be guided by the views taken collectively by the Committee, the Karnataka Chief Minister, Mr D.V. Sadananda Gowda, said while addressing the national executive committee meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).

He also outlined the States vision for holistic growth by promoting equitable development of sectors and districts, and providing employment to all sections of the people and regions of the State by 2020.

According to him, the core elements of Karnatakas Vision 2020 are: Institutionalising of good governance across the State through enhanced transparency, accountability and participation; making Karnataka a globally-competitive destination and a leader among Indian states; enhancing human capabilities to promote equitable growth; eliminating poverty and deprivation and achieve millennium development goals by 2015 and providing safety and security to all citizens, and upholding peace and communal harmony in the State.

Investor-friendly policy framework
Karnataka has been successful in implementing an investor-friendly policy framework, said Mr Gowda, adding that the State was a veritable treasure trove for investors.

He pointed out that the State has endless potential across sectors such as agro and food processing to automobiles and engineering, textiles and garments to IT and biotechnology.

The State Government has taken initiatives to strengthen the industrial base through the creation of land banks, augmentation of power, gas pipeline projects from Dabhol to Bangalore and from Chennai to Bangalore to Mangalore, he said.

Mr Gowda added that the State through its new industrial policy (2009-14) aims to create a level-playing field for free and fair competition and robust industrial growth in the State.

Speaking at the event, Mr Harsh Mariwala, President, FICCI, said that transaction costs associated with regulations and administrative procedures were still high in the State, and emphasised the need to streamline the process of giving approvals through a single-window mechanism to make it more effective.

On mining
He expressed concern over the ban imposed by the State on mining in Bellary, Tumkur and Chitradurga districts.

The economic losses resulting from the continuation of the ban on private-sector mining of iron ore could be enormous, he said.

According to him, it might even force closure of steel plants in Karnataka and lead to loss of employment and revenue to the State exchequer.

Mr Mariwala said that the introduction of the GST from 2012 would make the supply chain tax neutral, reduce economic distortions and compliance cost and create a common market across India.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions