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
 
 
Popular Search: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT Audit :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: articles on VAT and GST in India :: empanelment :: VAT RATES
 
 
« Service Tax »
 TNCCI team meets finance minister, seeks tax exemptions
 Top service tax payer made ‘guest assistant commissioner’
 Kingfisher partly clears its service tax dues of Rs 70 cr
  Push for service tax set to raise rail fares
 Budget 2012: Excise, service tax rates headed up as RBI makes it precondiiton for monetary easing
 Company Law, FEMA, Service-tax etc information
 Finance Ministry may dangle threat of service tax levy on AC travel if rail fares are not hiked
 Finance Ministry may dangle threat of service tax levy on AC travel if rail fares are not hiked
 Finance Ministry may dangle threat of service tax levy on AC travel if rail fares are not hiked
 Telcos seek abolition of service tax on broadband usage
 Government may exempt skill providers from service tax in 2012-13 budget

GST rollout may be hit by more delays
February, 10th 2010

India's ambitious target for rolling out a uniform goods and services tax in India is already behind schedule and now it looks like the rollout may not happen for another year or so, a move that will upset the governments tax planning.

There are signals that the GST rollout is looking shaky even by September of the new fiscal. NDTV has learnt that differences between the centre and states will take longer than expected in getting settled and this could further derail the preparation for a timely rollout of the GST.

A mid-fiscal GST rollout, sometime in September-October of this year, is virtually ruled out. Apart from the time needed for constitutional amendments to introduce GST, lack of consensus over key issues like states wanting to levy dual rates for goods, different exemption thresholds and keeping alcohol and petroleum products out of the GST chain are expected to cause further delay.

According to finance ministry sources, even a April 1, 2011, timeline for a smooth introduction of GST seems ambitious.

Analysts say its unlikely the government would hold on to the same excise and service tax rates, with the possibility of GST getting postponed by a complete year.

This means a delay of over six months in introducing the GST could prompt policymakers to initiate a soft rollback of some of the excise and service tax rate cuts. While the coming budget might set the tone for it, the actual rollback could even happen sometime later in April-May when the budget gets passed in the Parliament.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2012 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Victorian Jewelry | Estate Jewelry | Handmade Jewelry | Rose Cut Diamond | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Fashion India | Fashion Garments | Fashion Shows | Fashion Designers | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions