Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: due date for vat payment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
General »
 Advance tax payout by top cos grows just 2% in Sept quarter
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman

Time for second stage of economic reforms
October, 12th 2012

Union Heavy Industries Minister Praful Patel has said the time is ripe for second stage of economic reforms such as the introduction of Direct Tax Code among other measures with an emphasis to tame inflation.

"The second stage of reforms would require introduction of Direct Tax Code, Pension Bill, amendment to Insurance Act and Companies Act," he told PTI on the sidelines of the 5th National Convention of NCP held here yesterday.

Besides, proposing more weightage to Consumer Price Index (CPI) instead of Wholesale Price Index (WPI) to measure inflation, Patel said NCP has adopted a resolution in this regard.

"The resolution on inflation and price rise emphasised using all necessary measures, including monitory policy, for arresting inflation and checking price rise," he said.

Patel said inflation can be brought down by increasing productivity and implementing better distribution system. Backing FDI in multi-brand retail, Patel said States need to be taken into confidence for reaching an agreement on the Goods and Services Tax (GST).

"A 2 percent decrease in taxation will bring about 20 percent increase in profitability as per the report of the Finance Commission," he said, adding that GDP will get a boost of 2 percent if GST model is adopted.

The NCP also adopted a resolution on nuclear energy saying India should take advantage of Uranium and Thorium resources.

Among other resolutions passed at the convention is on developing additional infrastructure for storage of foodgrains.

NCP chief and Union Agriculture Minister Sharad Pawar, party MP Supriya Sule and other leaders attended the one-day conclave.

"In the wake of bumper agriculture production last year, the time is apt for ushering in second Green revolution," Patel said.

The party at the brainstorming session yesterday expressed concern over deficient rains and its adverse impact on Kharif and Rabi crops.

With additional plan outlay on irrigation and other agricultural outputs, India can become the bread basket for world, the resolution said.

Another resolution adopted on industry and services proposed a single window system for granting clearance within six months for setting up industry.

For this purpose, some archaic legislations should be scrapped and environmental clearance be given in one month, the resolution said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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