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: form 3cd :: cpt :: articles on VAT and GST in India :: due date for vat payment :: ACCOUNTING STANDARD :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: empanelment :: VAT RATES :: TDS :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Indirect Tax »
 10 groups set up under senior taxmen to examine issues and report by April 10
 Indirect tax wing rejigged ahead of GST launch
 Grey areas remain for foreign investors on tax issues
 GST: New indirect tax regime to remove inter-state barriers, stimulate exports, says Nirmala Sitharaman
 Cabinet Approves 4 GST Supplementary Bills
 GST Council approves all five draft bills ahead of new indirect tax regime
 CAG questions income tax deparment’s ability to probe shell companies
 Income from MF investments must be shown in income tax returns
 Indirect tax higher than direct tax revenues in April-Feb
 Many foreign investors reach out to tax experts about indirect transfer of shares provisions
 How changes in capital gains norms impact your portfolio

Government may hike indirect tax rates like excise duty and service tax: D Kannan, MD, Kotak Securities
March, 03rd 2012

D Kannan, Managing Director, Kotak Securities

The FM will focus on the fiscal deficit, which has risen sharply for 2011-12. While higher allocations in the budget towards infrastructure, social initiatives and agriculture, are expected, increase in indirect tax rates like excise duty and service tax are also likely. Issues related to supply side bottlenecks and speedier implementation of the allocated budget are also likely to be addressed.


Also Check: Budget 2012 at ET | Union Budget | Rail Budget 2012 | Budget News


There are several reform initiatives which the Government has initiated outside the budget. And this budget is likely to take some of them ahead like FDI in multi-brand retail, Companies Bill, Competition Bill, Mining Bill, Banking Regulation Act and Power sector reforms among others. A show of intent on these counts could potentially feed a strong positive sentiment to the market.

"The month of February has been an exciting one with the Indian markets largely sustaining the momentum gathered in January. Keeping the sentiment alive were the positive global cues and anticipation of further liquidity flows due to the easing in Europe. In India, the expectations of a softer interest rate regime helped sustain the momentum. However, the rally was snapped by rising oil prices, a lower-than-expected 3Q GDP number and likely risk aversion at higher market levels.

Moderate interest rates in FY13 and the optimism around the government earnestly taking up the reform agenda, make the medium-to-long term prospects of the market looks positive.

However, one must be careful about a few road blocks ahead. The state election results have to be favourable from the Government's perspective or else the optimism on reforms could wane. Moreover, the crude prices have to be watched closely as sustained high prices may lead to a deferment in rate cuts. These factors may lead to a pullback for the markets in the intermediate term. Developments in US and Eurozone also need to be watched closely as they drive the FII flows.

Overall, valuations have moved up from the lower end of the long-term range for the benchmark indices and one could use dips to accumulate stocks of companies having strong managements and balance sheets.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

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