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: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TDS :: form 3cd :: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
General »
 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
 Advance tax given by individuals in June quarter rises more than 40%

Merger of Sales Tax, Service and Excise to Confusion and Inconvenience
March, 29th 2011

The new plan of merging of the excise, sales and service taxes in the country is bound to create quite some inconveniences for the authorities as well as the public.

With the introduction of the new bill by Finance Minister Pranab Mukherjee to make amendments in the Constitution of India the age old Indian Service Tax, Excise and Sales Tax are set to be replaced by a single tax entity. But this is set to affect different sections of the business and trade differently.

Since the bill aims to provide simultaneous powers on the center and state governments to levy taxes on goods and service, there is a risk of increase in taxes for certain sections; especially the small scale sectors where as for certain others it might reduce their tax amounts to their delight, but taking a hit on the countrys annual figures and economy.

In addition to that, there will be an obvious merger of the three departments in the Government.

This again, will create problems in hierarchical structure, bands and grade cluster and most importantly this will redundancy of a large number of employees.

With merging of the three departments, there would be extensive differences in utilization of employees once the three departments are brought together and unless there are exhaustive trainings and plans to deploy the employees within correct roles and responsibilities, efficiency of the entire department would be in stake.

The re-shuffling of employees across offices, departments, locations, reportings and roles is going to be tough task for the authorities and knowing how Indian Government authorities have always functioned, the employees would be the most to suffer.

It would not be a surprise if we see strikes and protests of the employees of service, sales and excise taxes departments in near future over these issues.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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