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
« GST - Goods and Services Tax »
 Now, interest to apply only on net cash liability of unpaid GST
 GST applicable on entire building maintenance charge if above ?7,500: FinMin
 How has GST Revolutionised India's Economy
 Reaping best benefits requires laws and compliance structures be made simpler GST
 Management of Good & Services Tax Audit by GST Department
 Sitharaman's first Budget gives breather for delay in payments towards GST
  Finance Minister addresses the Central Board of Directors of Reserve Bank of India
  RBI releases Draft Report of the Internal Working Group on Comprehensive Review of Market Timings
 Exemption to handloom sector from GST
 Steady decline in number of return filers in last four months GST
 How to file GST return online?

Imposition of calamity tax with GST not advisable
October, 03rd 2018

Traders' body CAIT Tuesday said levy of any cess or tax with the Goods and Services Tax (GST) is not advisable as it will contradict the principle of one tax, one nation.

The Confederation of All India Traders (CAIT) in a statement said that any move to impose calamity tax with the GST will set a wrong precedent in the country.

The GST Council last week set up a seven-member ministerial panel under Bihar Deputy Chief Minister Sushil Modi to examine the legality of imposing a new tax on certain goods and services to raise resources for natural calamity-hit states like Kerala.

The CAIT said that at a time when the country is moving towards rationalisation of tax structure, any move to impose cess/tax in any form will jeopardise the basic fundamental and spirit of the GST.

"The levy of any cess or tax terming as calamity tax with GST is not advisable as it will run contrary to the principle of One Tax-One Nation," it said.

The move would increase problems of both the government and traders as they would have to make necessary changes in their software system.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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