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: ACCOUNTING STANDARDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: VAT Audit :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Service Tax »
 Rules not ready, key e-way bill for GST may be delayed, says top official
 How Goods and Service tax will benefit the nation
 GST implementation may increase expense ratio of fund houses
 GST structure: an unfortunate compromise
 Extension Of Provisional Attachment Under Service Tax Provisins
 How favourable will GST be for Karnataka?
 GST rate impact: Here’s how the new tax can carry a greater punch
 E-way Bill - movement of goods under GST
 How the GST rates will affect your money
 GST: The coming disruption in the wholesale trade
  Ways In Which GST Will Impact The Average Indian’s Wallet

States seek more say in service tax
October, 04th 2016

All the new service tax assesses were to come under dual control formula, which mandated a joint assessment by the Centre and the state.

In what could impact government plans to implement the GST from April 1 next year, fresh issues have crept up, which need to be resolved by the Centre and states.

After some states red-flagged Centre’s exclusive control over existing service-tax dealers with an annual turnover of up to Rs 1.5 crore, they now want clarity over its role in cases where luxury tax, entertainment tax and certain VAT on items like software and works contract will be merged with service tax.

As states control hotels, movie theatres and restaurants levying taxes on them, which would now merged with service tax in the new indirect tax regime, they don’t want to easily cede control over them. As per an earlier understanding between the Centre and states in the GST Council meeting, it was in-principal decided that states will assess small businesses with annual earning limit of Rs 1.5 crore for goods while service tax matters will be dealt by the Centre.

All the new service tax assesses were to come under dual control formula, which mandated a joint assessment by the Centre and the state.

“That was the initial understanding, but one or two members felt that beyond `1.5 crore, service tax should be dealt with dual control basis even for the existing dealers,” Haryana finance minister Captain Abhimanyu told FC, talking about deliberations in the second goods and services tax Council meeting held on September 30.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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