Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: cpt :: articles on VAT and GST in India :: VAT Audit :: VAT RATES :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: empanelment :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« General »
 Fall in tax collection compounds crisis
 Govt sets up task force to review income tax laws
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018

Deloitte: ASEAN will benefit more from FTA with India
March, 03rd 2011

India's free trade agreement (FTA) with Asean will benefit the 10-nation bloc more, although it will provide greater competitive advantage to several Indian industries like textiles and pharma, according to Deloitte.

Noting that the FTA will increase the flow of goods, global consultancy firm Deloitte said the net benefit for India will be positive in the long run.

"There is going to be benefit for India, but asymmetrically Asean will benefit more than India," Deloitte's Senior Director Shanto Ghosh told PTI today.

Asean nations already export more to India. The bilateral trade touched USD 50.33 billion in 2010, with exports to India valued at USD 27.8 billion.

Ghosh said the government should focus sharply on coordinating various policies to be able to "really realise the potential of free trade" with Asean.

Deloitte, in association with industry body FICCI, has released a white paper on India-Asean Free Trade Agreement.

Association of South East Asian Nations (Asean) is a grouping of 10 countries including Singapore and Indonesia.

FTA with Asean was inked in August 2009 and has been implemented with eight countries so far, including Malaysia , Thailand and Singapore.

Ghosh said the pact would provide greater competitive advantage for at least four domestic industries -- chemicals, medical & pharmaceutical products, textiles, apparel & accessories and handicrafts & carpets.

On the other hand, the machinery & appliances and electrical equipment industries in the Asean region would have more competitive edge due to the trade pact.

The FTA proposes to bring down the tariffs for over 4,000 product lines.

Presently, the pact is restricted to trade in goods and discussions are underway for an agreement on services sector.

"A large part of the future benefits of trade will be enhanced if we include services in trading basket," Ghosh added.

As per the report, the FTA would open up better opportunities for Indian businesses in Malaysia, Singapore, Indonesia, Thailand and Philippines.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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