Latest Expert Exchange Queries

Make 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) | 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: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: due date for vat payment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit
 
 
« General »
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes

No problem with GST; want CST compensation on time
January, 16th 2015

Chhattisgarh has no objection on implementation of the Goods and Service Tax (GST) provided the Centre's compensation on loss due to phasing-out of Central Sales Tax is given on time, state chief minister Raman Singh said here today.

"Almost all states have given their in-principle approval to the GST. We are no different. We do not have any problem with the GST. We want that government gives us money on account of CST loss this financial year," Singh told PTI here.

The Chief Minister, along with state officials, also met Finance Minister Arun Jaitley and urged him to expedite release of the CST compensation of Rs 2,157 crore to the state.

The Finance Minister has assured that Chhattisgarh will get one-third of its balance CST compensation as first instalment this financial year and the remaining in next two years, state officials who attended the meeting said.

GST is considered to be a very significant step in the field of indirect tax reforms in the country which would amalgamate a large number of central and state taxes into a single tax. GST would replace central excise duty and service tax and subsume state VAT, central sales tax and luxury tax, among others.

The idea of moving towards GST was first mooted by the then finance minister P Chidambaram in his budget for 2006-07. Initially, it was proposed that GST would be introduced by 1 April 2010. However, several deadlines have been missed and it is yet to be rolled out.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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