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: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: form 3cd :: empanelment :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit
 
 
« Service Tax »
 India’s E-Service Tax Will Add To Foreign Content Providers’ Woes
 GST Council to discuss model laws, tax jurisdiction today
 Tax Invoice Under GST
 Insurance may fall under 12% tax slab in GST, from 14% service tax currently
 GST draft makes it must for companies to pass tax benefit to consumers
 To speed passage, Government plans GST Bills as money Bills
 No service tax on train tickets booked through IRCTC till December 31
 GST Council meet postponed to December
 Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitleya
 Service tax waived for online train ticket booking till Dec 31
 Key challenges in implementation of Goods and Services Tax

Budget 2012: Experts call for eco-tax in GST
March, 15th 2012

Environmental considerations should be taken care of in the proposed goods and service tax (GST) regime in the form of an eco-tax so as to encourage green practices, according to experts from the Madras School of Economics (MSE).

"Carefully designed use of fiscal instruments such as eco-taxes provide a framework in which the Centre and the states can develop a coordinated inter-governmental approach to tackle issues of pollution in the light of growth requirements while keeping emissions within acceptable limits," MSE Director D K Srivastava told an event organised by CII here.

As per the concept paper floated by the Madras School of Economics, introduction of an environmental levy in the form of non-rebatable Excise or cess on polluting goods and services will help increase tax revenue.

"We have shown through modelling that the tax to GDP ratio, which is around 16-17 percent can go up to 22 per cent over a period if eco-taxes are imposed in the proposed GST," Srivastava said, adding this rise in tax revenue can be utilised in increasing health and education expenditure.

Talking about specific categories on which tax can be imposed, KS Kavi Kavikumar of Madras School of Economics said non-rebatable levy of around 20 per cent could be imposed on petroleum products above the GST rates.

He also said both the Centre and states could decide five most polluting industries and impose eco-tax on them, to begin with.

According to the concept paper, effectiveness of eco- subsidies can be improved by suitably targeting the sectors like energy generation, particularly thermal energy, iron and steel, motor vehicles, paper, textiles and plastics among others.

About the imposition of eco-tax on growth rate, the research paper said there will not be have significant adverse implications on the growth rate.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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