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: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit :: empanelment :: form 3cd :: cpt :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company
 
 
ę Direct Tax »
 Hopeful of meeting direct tax collection target for this financial year: CBDT
 Bengaluru tops in income tax probes after demonetisation
 Income Tax department rejects black money disclosures of over Rs 2 lakh crore
 CBDT urges people to protect bank accounts from 'unscrupulous elements'
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here‚Äôs what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30

GST, DTC to help states better finances next fiscal: Fitch
December, 23rd 2011

Ratings agency Fitch today said the proposed introduction of major tax reforms like the goods and services tax (GST) and the direct tax code (DTC) will help consolidate the poor finances of the states next fiscal.

"Notwithstanding the challenging domestic and global environments, Fitch expects the states' fiscal consolidation to continue in FY13... an improvement in deficit quality, with a faster improvement in the current balance is highly likely," the agency said in a report released today.

States which have been registering faster growth rates and are fiscally better administered will grow faster than the laggards, the report said.

On the much-delayed tax reforms like the DTC and GST, Fitch said the government is unlikely to meet its rescheduled rollout target of April 1, but will come out with the reforms during the course of the fiscal.

However, populist measures in poll-bound states will result in the adoption of loose fiscal policies, the agency warned. Allocations for untargeted subsidies and populist schemes will increase in such states, it said, adding Fitch expects higher food and power subsidies across all states next fiscal especially those having elections.

"A few states may restore fiscal discipline after the elections but the impact of such measures will depend on how lax the fiscal policy was previously," the report said.

( Enjoy Moneycontrol.com on iPad and be prepared for a fantastic experience. Get real time stock quotes, interactive charts, market buzz, and watch CNBC-TV18, CNBC Awaaz live on your iPad. Check out the free moneycontrol app.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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