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: due date for vat payment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS :: TDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Indirect Tax »
 GST May Replace 15 Indirect Taxes from July 1. Here's How
 Guidelines for waiver of interest charged under section 201(1A)(i) of the Income-tax Act, 1961
 GST will bring uniformity in system
 Tax saving FD offers convenience, safety and a little liquidity too
 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

GST can boost economic growth by 1.5 per cent: Adi Godrej
April, 20th 2012

The roll-out of the Goods and Services Tax (GST) will boost economic growth by around 1.5 percent, Adi Godrej, president of the Confederation of Indian Industry (CII), said Thursday.

"GST is the biggest proposed reform. It can contribute 1.5 percent to the GDP growth," Godrej told reporters here.

Godrej said CII has been working at all possible levels to build consensus for early implementation of GST. "In the coming months you will see further deepening of this engagement."

The indirect tax regime is likely to be passed by the end of this year.

Bihar Finance Minister Sushil Modi, who heads the panel of state finance ministers, Wednesday said the much-awaited indirect tax reforms are likely to be implemented from the beginning of next fiscal.

Godrej said Indian economy was likely to grow by 7.5 percent in the current financial year.

India's gross domestic product (GDP) is estimated to slump to 6.9 percent in 2011-12 as compared to 8.4 percent in the previous year.

Godrej, chairman of Godrej Group, said there was need for structural reforms at both centre and state levels to boost growth.

He said CII has been continuously engaging with the government and political parties in advocacy efforts to promote reforms in critical areas such as taxation, financial services, land acquisition, manufacturing, energy, mining, and several others area of importance to the economy.

The Massachusetts Institute of Technology-educated Godrej took over as president of CII Wednesday.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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