Latest Expert Exchange Queries
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: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM

Parliaments winter session to begin on November 16 to expedite GST rollout
October, 14th 2016

Winter session of Parliament will start on November 16. It will be a month-long session that will end on December 16, the cabinet committee on parliamentary affairs decided on Thursday.

The winter session usually starts in the third or fourth week of November, but was advanced to achieve the government’s ambitious target of rolling out the goods and services tax — a uniform indirect tax regime that will subsume all central and local levies such as excise, octroi and value added tax — from April 1 next year.

It’s also in keeping with the government’s plan to advance the presentation of the general budget by about a month. The budget is usually presented on the last working day of February, but the government has decided to advance it to start the process of revenue mobilisation and capital expenditures from April 1, the first day of the financial year.

Parliament passed the Constitution (122nd) Amendment Bill for GST in August, but it has to clear the Central GST and Integrated GST bills before its rollout from April 1, 2017, as envisaged by the NDA government.
These two enabling laws, while empowering the Centre to levy the GST on goods and services and collect it on inter-state trade and commerce, are expected to specify the range of GST rates, exempted items and compensation, among others. These issues are being deliberated upon by the GST Council headed by finance minister Arun Jaitley.

The government is likely to give a renewed push to its labour reforms agenda in the winter session of Parliament as well. High on the priority list is the Labour Code on Wages that seeks to empower the Centre to fix minimum wages across all sectors. The code amalgamates four existing laws relating to wages.

The labour ministry also hopes to build political consensus to get parliamentary approval to the Code on Industrial Relations, which aims to make retrenchment easier for firms employing up to 300 workers.

The last monsoon session was relatively smooth and productive — compared to previous sessions that were marred by government-opposition face-offs — but the winter session could witness a fractious debate on India’s September 29 surgical strikes across the de facto border in Pakistan-occupied Kashmir. Opposition parties have accused the BJP of politicising and “profiteering” from the military action, while the ruling party has accused them of “belittling” the sacrifice of the armed forces.

Ahead of elections in Uttar Pradesh, Punjab and three other states in February-March next year, these allegations and counter-allegations could cast a shadow on the legislative agenda of the government in the coming session of Parliament.

 
 
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 Vision

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