Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT RATES :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt
 
 
« General »
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income

Centre creating distrust with state govts over GST: BJP
May, 10th 2011

Even as the crucial Constitution Bill to roll out a Goods and Services Tax (GST) is before the Standing Committee on Finance in Parliament, the Bharatiya Janata Party (BJP) has accused the Union government of creating distrust with state governments, rather than working for a consensus and trying to solicit their cooperation.

The BJP leadership says the Centre must try and build relations with state governments, irrespective of the political party in power. There is a point when cooperative federalism is needed. Some states have fear of GST. The Centre has to remove those fears to bring them on board, irrespective of which party is in power in the state, said Arun Jaitley, leader of the Opposition in the Rajya Sabha, at the national executive meeting of the Federation of Indian Chambers of Commerce and Industry. Issues on which the government could build consensus had to be identified and presented by the government, he said.

Adding, in the GST context: Cooperative federalism cannot just be a PR exercise. This government is creating distrust, rather than cooperation.

Asked Jaitley: How can the Union government expect states to support GST when there are states like Uttar Pradesh that has been demanding an international airport, every project of Orissa is scuttled and members of over 90 countries were present in Gujarat but there was none from the government of India?

The Union government, he said, had made no effort to take the principal opposition party into confidence, although its state governments represent 35 per cent of the countrys population. For instance, the government had not taken the BJP into confidence on decisions regarding the Lok Pal Bill, after social activist Anna Hazare led demonstrations against corruption.

The BJP has not even seen the draft of the Bill. The initiative for a political consensus on the issue must come from the government. I am as much a spectator as you are, he said, while addressing the gathering.

After failing to evolve a consensus on the draft of a Constitution amendment Bill for GST, the Centre had presented the Bill directly in Parliament. Earlier, it tried to build a consensus and moved three drafts in the Empowered Committee of state finance ministers, but BJP-ruled states, Uttar Pradesh and Tamil Nadu continued to oppose these. The Centre needs a two-third majority in the Lok Sabha and the Rajya Sabha, separately, to pass the Bill. Besides, concurrence of at least half the states is required for the Bill to become an Act.

A Constitution amendment is required because the Centre cannot impose a tax beyond manufacturing and states cannot levy a service tax under the present scheme of things. Under GST, both the Centre and states would impose tax on the common pool of goods and services. GST would replace excise and service tax at the Centre, and value added tax in the states, besides cesses, surcharges and local taxes.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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