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: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: articles on VAT and GST in India :: VAT Audit :: cpt :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company
 
 
« Service Tax »
  Central Goods and Services Tax (CGST) Rules, 2017
 Goods bought with loyalty points will face tax under GST
 substitution of Service Tax by Goods and Services Tax (GST)
 Income Tax: TDS deducted but ITR not filed? Here's what professionals need to do
 9 ways GST could impact home buyers
 Consumers hailed GST, but there's need for awareness'
 Tax departments keep a close watch on prices post GST rollout
 GST effect: 5 things that changed after the new tax regime
 GST is no game changer for farmers, yet
 GST: Government bets big on tech to ensure e-way bill does not bring back inspector raj
 Government to keep an eye on price rise & GST glitches

Prepare members for GST regime
April, 02nd 2010

As India prepares to usher in a GST (goods and service tax) regime on April 1, 2011 , CII will set up help desks for members on how to manage the new tax regime. There is no formal document yet, but when it comes out, we want to help members with tackling the new tax regime, said Kurush Grant, who was elected CII eastern region chairman last week.

He said the implementation of the GST regime will automatically lead to a far higher degree of computerisation among members. The change to GST is the single largest modification of our tax structure which will give a degree of forecastability to industry, we will not be taken by surprise at rate hikes and so forth, thus improving the industrial climate, he added.

Grant, who heads the FMCG business of ITC, and was also appointed to the board as a whole-time director for three years last week, will also stress on sustainability at CII, guiding members on how to implement CDMs (clean development mechanism). Green development makes good business sense, said Grant, adding, at ITC we have decided that anything new we build will be green.

He said CIIs broad perspectives would be to help members work towards a driven bottomline, ensure sustainability and target inclusive growth.

A host of programmes will be conducted through the year to increase technical knowhow, raise awareness on environment, health and safety, skilled development.

Grant spoke about the number of steel plants coming up in the region in Bengal , Orissa and Jharkhand. Its crucial that coal, steel, other mining plants take the environment along, he said.

Grant said CII will also focus on getting the East more noticed both in other parts of India and internationally. The East is the natural source of investment for the Far East . But if you take tourism alone, its absurd that six times more tourists go to the Far East from here than arrivals. He pointed out that the Easts single biggest challenge is employment we have a growing population of working adults but we need to create jobs. We need a much larger consuming pool and for that government, industry and civil society must work together.

Talking about the industries in focus in the East, he singled out three: heavy engineering, IT and food processing. Grant said the East should build on the talent pool and cost arbitrage. Not just Kolkata, we should concentrate on smaller cities like Siliguri, Haldia, Kharagpur, Durgapur .

Grant said the East should follow the model APMC Act, and enable industry to work with the farm sector. From the farmgate to the consumer, there should be far lesser intermediaries. ITC, he said, was experimenting with model farms in Malda across crop types.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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