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: VAT RATES :: empanelment :: form 3cd :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: list of goods taxed at 4% :: due date for vat payment :: cpt :: VAT Audit
 
 
Service Tax »
 GST tax structure ready; how will it impact economy and various sectors
 Service tax department doles out advice on migration to GST
 IT infrastructure firm of GST under scrutiny for tax evasion
 GST council OKs draft law on relief to states
 GST Network gets notice for avoiding service tax
 GSTN contract may attract tax
 GST Council may discuss tax rate on gold at Udaipur meet
 Govt may rework indirect tax estimates mid-way after GST
 GST Council meeting: States allowed to tweak taxpayer division after consulting Centre
 Government may rework indirect tax maths mid-way after GST entry
 Govt may rework indirect tax mid-way after GST entry

Goods and Services Tax rollout may face Delhi roadblock
February, 11th 2015

The NDA government's efforts to move ahead with implementation of the Goods and Services Tax (GST) may face fresh hurdles with the new government in Delhi led by the Aam Aadmi Party putting up roadblocks.

AAP's stunning victory in the Delhi elections could also slow down the pace of opening up various sectors to foreign direct investment. AAP is opposed to any opening up of the multi-brand retail sector to foreign investors and during its 49-day tenure, it had made it clear that it would not allow foreign retailers in the segment in the national capital.

This could potentially blunt any move on opening up the multi-brand retail sector to foreign investors. There was a view that Prime Minister Narendra Modi may open up the sector once he consolidated his position and his party got entrenched in several states across the country.

While the BJP is opposed to opening up of the sector, there was a faint hope that Modi may opt for a more aggressive stance on the issue as he moves to create jobs and attract investment. In its action plan for Delhi, AAP has said its government will continue with its decision of not allowing FDI in retail.

Experts say the rollout of GST, the country's most ambitious indirect tax reform, may face more delays. There are some states which are still opposed to some provisions of GST and Delhi under Arvind Kejriwal's stewardship could lend more weight to those voices of dissent.

AAP has already promised to cut VAT rates in Delhi and experts say there could be some opposition to the contours of the GST rollout plans as well. AAP has vowed to formulate trader-friendly policies and streamline rules and regulations for setting up and running businesses. This may help in Modi's move to raise India's ranking in the 'Ease of Doing' business index and is seen as a positive step.

"We will simplify compliance and licensing for traders and put in place a system of single window clearance. We will also ensure that starting a trade or business in Delhi takes a maximum time of one week. As vital stakeholders, the participation of traders in the framing of trade policies will be encouraged," AAP had said in its action plan ahead of the polls.

It had also said that Delhi will have the lowest VAT regime in India. "We will simplify VAT and other tax structures. One portion of VAT collected from every locality and market will be used for maintenance and upgradation of that market to foster business and trade," the party had said.

It also promised to end VAT raids and inspector raj and said it will simplify VAT rules, processes and forms. The 30-page VAT form will be crunched into one page for traders.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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