Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Budget Extravaganza »
Open DEMAT Account in 24 hrs
 Budget 2026: Sitharamans six point plan to propel India next growth phase
 Budget 2026 makes it easier for NRIs to invest in India. Here's all you need to know
 ITR 2024-25: Are the latest Budget 2025 tax slabs applicable for tax filing in AY 2025-06? Details here
 Time ripe for streamlining withholding tax in the budget
 35 LPA AGM/ DGM Banking & Treasury (MBA/ CA)
 Budget 2025 Wishlist: Individual taxpayers want tax relief, deductions, slab relaxation on February 1
 Budget 2025: Why tax relief for debt funds tops wish list of mutual fund industry
 FinMin unlikely to introduce new Income-Tax Bill in Budget session
 Income tax relief in Budget 2025? Govt mulling relief for lower income tax bracket
 Income Tax Act overhaul likely in Budget
 Will FM Nirmala Sitharaman Change Tax Rates in Budget 2024?

Pranab to meet state FMs on Jan 13; govt to miss GST deadline
January, 11th 2010

Finance Minister Pranab Mukherjee may meet state finance ministers next week to discuss their requirements and implementation of proposed Goods and Services Tax, speculated to be delayed by over six months, is likely to be discussed during the meeting.

"Finance Minister will meet state finance Ministers on January 13 as a pre-budget exercise," an official said.

Among other things, the meeting is also likely to discuss issues pertaining to implementation of GST, which is likely to be delayed by at least seven to eight months, he said.

The government had proposed to introduce GST from April 1, 2010, but it would not be possible as the constitutional amendments, necessary for introduction of the new tax structure which will subsume levies like excise, VAT and service tax, would take seven to eight months.

The government, the official said, may not introduce the amendment bills in the forthcoming Budget session as there is no consensus among the states on rates and modalities of the new tax regime.

States, which have been clamouring for more funds to tide over the financial difficulties following the economic crisis which had hit revenue collections, will also raise the issue of compensation on account of phasing out of the Central Sales Tax (CST).

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting