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: due date for vat payment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit
 
 
« Service Tax »
 GST to strengthen organised logistics companies
 No need for Parliament nod to waive property tax in Delhi
 CBEC to be renamed, reorganised for GST regime
  GST debate now continues on categorisation of products
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks
 FM Arun Jaitley underlines urgency to pass GST bills in this Parliament session
 Government may table 4 GST bills in Parliament today
 Applicability Of Gst Law On Educational Institutions
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline

GST rollout date likely to be announced
December, 28th 2009

The date for rolling out the Goods and Services Tax could be announced on January 8, chairman of the empowered committee of state finance ministers Asim Dasgupta said on Friday.

There will be a joint statement after a meeting with finance minister Pranab Mukherjee on January 8 on GST rollout, Dasgupta told reporters on the sidelines of a function here. We (state finance ministers) have a two-day meeting from January 7. We will meet Mr Mukherjee before giving a statement on this, he said.

Dasguptas statement came just a day after Mr Mukherjee said the scheduled April 1 date to introduce the new tax regime may be missed due to a lack of consensus among all the 28 states.

Asked whether a consensus with all the states had been arrived at, Dasgupta did not make any comments.

He said the Centre was working and contributing, and an advance had been made which would make it possible to introduce the GST at the appropriate time.

The lack of preparedness for the new tax regime hints at a possible delay by up to a year.

Implementation of the new tax regime would require Constitutional amendments for empowering states for levy of service tax, GST on imports and others the draft bill for any of these amendments were not tabled in this session of Parliament. Now, Parliament will meet for the budget session in February when the draft bills for introduction of GST may be tabled.

The Task force of Thirteenth Finance Commission in its report on Goods and Services Tax had said: On account of lack of adequate preparedness, the implementation of the GST scheduled for 1st April, 2010 should be postponed by six months to October 1, 2010.

 
 
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 Portfolio

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