Latest Expert Exchange Queries
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: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
« Budget Extravaganza »
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget
 Cabinet’s formal nod to be sought for Budget on Feb. 1

Walking the tightrope ahead of Feb 26
February, 11th 2010

Budget watchers are keenly awaiting the governments take on the proposed comprehensive indirect taxes reforms. Finance ministry insiders say that the item is on top of Pranab Mukherjees agenda, but they are not willing to hazard risk on whether he will go ahead and announce a timeline for the rollout of goods and services tax (GST).

The ministry is keen to launch it from October, after it became clear that the initial deadline of April 1, 2010 will not be met. The GST seeks to create a pan-India market by subsuming all state taxes such as value added tax, entertainment tax, luxury tax, purchase tax, entry tax and central taxes like excise duty, service tax, countervailing duty and special additional duty.

A disagreement between the Centre and states is holding back the GST rollout. The Centre is keen on rolling it out in October, while states want to postpone it to next financial year. A little bird tells us that the minister may make a statement in his budget speech on the United Progressive Alliance governments commitment to this reform, but will not mention the new date.


The finance ministry is giving a serious thought to the petroleum ministrys proposal to tweak the investment-linked tax incentive for gas pipelines to make it industry friendly.

A tax holiday was announced in the last budget subject to certain conditions that included allowing a third of the total pipeline capacity for common carriage. This condition has been imposed for pipelines that carry natural gas, crude and petroleum products.

The oil ministry wants the finance ministry to relax the condition, bringing down the quota to a fourth, in line with the Petroleum and Natural Gas Regulatory Boards recommendations. Since, the proposal does not really involve any tax giveaways, and only seeks to boost creation of energy infrastructure in the country, it may find favour with finance ministry mandarins.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and 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