Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: due date for vat payment :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT Audit :: list of goods taxed at 4% :: form 3cd
« Service Tax »
 Do you know which 80C instruments can help you save tax and carry no future tax liability?
 E-way relief, for now, to e-commerce, courier firms sending small orders
 Where to invest for saving more on taxes
 A simpler GST can become a registry of all invoices, says iSPIRT’s Sharad Sharma
  Income Tax department may defend CPC in returns fraud case
 One GST rate not possible, next reform after compliance improves,
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
  GST Network simplifies returns filing process
 Why is the successful roll-out of the e-way bill necessary?
 How service tax became revenue lifeline for the Govt
 Three simple tricks to save income tax without investing fresh funds

Goods and Service Tax legislation : Finance Minister
January, 11th 2010

Finance Minister Pranab Mukherjee said the legislation regarding the omnibus Goods and Services Tax (GST) was likely to be introduced in the second half of the year and the government at the moment was engaged in evolving a consensus on the issue.

In an informal chat with newsmen here, Mr Mukherjee said growth of the Indian economy could touch 8 per cent by March 2010 as compared to 6.7 per cent in the previous year.

On whether a constitutional amendment to the GST Bill would be tabled in the budget session of Parliament, Mr Mukherjee said it was unlikely.

Getting consensus on a constitutional amendment will take at least seven to eight months, he said.

The Union Finance Minister had a meeting with Mr Asim Dasgupta, Chairman of the Empowered Committee of State Finance Ministers.

Two crucial points emerged from these discussions. First, related to losses incurred by states on account of reduction in Central Sales Tax.

Mr Mukherjee proposed that 50 per cent of losses incurred by States be borne by the States themselves and the Centre will give only 50 per cent compensation.

Secondly, Mr Mukherjee asked the Empowered Committee to prepare a complete package and report to him by the end of this month. The package could include revenue neutral rate, tax base, tax exemptions and the amendment to the constitution relating to the introduction of GST.

Mr Mukherjee said the economy was generally looking up and signs were good.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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