A two-day meeting of state finance ministers' empowered committee will be held at Bhopal from January 9. The meeting will discuss issues related to finance and taxes.
During the inaugural day session, discussions will be held in context of recommendations made by the committee comprising principal secretaries, secretaries and commercial taxes commissioners regarding a concept-paper of negative list of services. Discussions will also be held on the CST (compensation of profession tax) status, VAT and non-VAT revenues and other related matters.
On January 10, presentations will be made by various states on best IT practices. Besides, composition and compounding schemes, audit procedure followed by various states, status of e-return and other issues will also come up for discussions.
Experts are also likely to discuss many other important issues on the occasion.