Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | 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
 
 
 
 
Popular Search: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: cpt :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TDS
 
 
Sales Tax »
 Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
 Assam government to dismantle all sales tax check-gates post Goods and Services Tax
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money
 Insurance Agency Mergers and Acquisitions in Q1 "Explode," OPTIS Partners' Report Reveals
 Sales tax sleuths raid spare parts shops in Meerut's infamous Sotiganj market
 Income Tax: How offshore income could be taxed twice
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate

Part of CST compensation likely before Budget
December, 09th 2014

The Centre is planning to give “a portion” of the central sales tax (CST) compensation to states before the upcoming Budget, even as it gears up to introduce the Constitution (Amendment) Bill, 2014, for implementing the proposed goods and services tax (GST) in the ongoing Winter session.

A senior official, who refused to be quoted, said that in its attempt to garner the support of states for rolling out the indirect tax reform, the ambitious GST, the Centre is willing to give states their pending compensation for phasing out CST. The Centre has to pay Rs 34,000 crore which has accumulated since 2011.

A portion of the CST compensation to the state will be given to them in this fiscal year before the Budget,” the official said adding that it will increase the trust between the Centre and states and will iron out a few kinks for introducing the GST from 2016.

Finance minister Arun Jaitley is slated to meet state finance ministers later this week where he is expected to make this announcement. The UPA government had made it clear that the CST compensation would be paid only when there was some “light at the end of tunnel (regarding GST implementation)”. CST is levied on goods in inter-state trade.

As a prelude to GST introduction, it was decided to phase out CST over a period of three years ending 2008-09 on the assumption that GST would be introduced from April 1, 2010. The Centre had agreed to pay for the revenue lost on account of phasing out the CST. However, having missed the deadline for GST implementation, the CST continues to be levied at 2 per cent.

Aviation and tourism ministries join hands, form IMG

New Delhi: The government on Monday decided to form an inter-ministerial group between the ministries of civil aviation and tourism and culture.

The group, to be headed by the tourism secretary, aims at promoting tourism together with aviation and railways. The government is also keen on bridging the gap between the ministries and the tour operators to work better towards promotion of tourism.

A meeting was held on Monday between civil aviation minister Ashok Gajapathi Raju and tourism minister Mahesh Sharma, as well as the secretaries and joint

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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