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: articles on VAT and GST in India :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd
 
 
« General »
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits
 Alarm bells over return of tax inspector raj

Goverment: New GST to be implemented in J-K next year
December, 02nd 2010

Jammu and Kashmir will implement Goods and Services Tax along with the other states in the country proposed during the coming year, the state government has said.

The state would also computerise its commercial taxes department within 15 days for the convenience of business community, the state finance minister Abdul Rahim Rather said on Tuesday evening.

He was speaking at a gathering of industrialists, trade and industry representatives, and senior officers of the Finance, Excise and Taxation Departments on the occasion of the release of 3rd edition of Book on "Value Added Tax (VAT) in Jammu and Kashmir".

The minister said the liberalisation of economy had necessitated periodic review of tax regimes.

He assured the industry that larger interests of all stakeholders would be safeguarded during the introduction of new tax reforms.

Abdul Rahim Rather said that government always looked forward to a cordial relationship with trade and industry bodies.

Elaborating on the need for the new GST regime, the Minister said though VAT system was effectively implemented in the state for which Jammu and Kashmir got appreciation at national level, there were some short-comings in it .

This, he said, had necessitated further improvements in the sphere of indirect tax reforms.

"New GST regime would be a further significant improvement and next logical step towards a comprehensive indirect tax reform", he said.

Rather said necessary constitutional amendments at national level were in the offing for the purpose.

He hoped that the new edition of VAT in Jammu and Kashmir would enormously help tax administrators, business community, tax practitioners and the consumers.

The finance minister said this would further improve the quality of tax dispensation and justice delivery.

It is felt that the roll out of Goods and Services Tax by 2011 is doubtful with the Centre being unable to secure a consensus among the states.

On computerisation of tax departments in the state, the minister said this will enable business community in e-filing of returns, e-payment and de-matting of statutory forms.

It would help minimise the interface of the dealers with the department which was causing unnecessary harassment to them, he said.

Computerization of records would solve maximum problems of the business community, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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