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: VAT RATES :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: TDS :: VAT Audit
 
 
News Headlines »
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended

Govt to vigorously pursue roadmap for GST: President
June, 04th 2009

Committed to bringing tax reforms to create a common market, the government today said the roadmap for adopting Goods and Services Tax, which will replace major indirect taxes at the central and state levels, will be "vigorously" pursued.

"The roadmap for moving towards a Goods and Services Tax will be vigorously pursued," President Pratibha Patil said in her address to joint session of Parliament.

GST, which will replace excise duty and service tax at the Centre and VAT at the state-level, is scheduled to be introduced in the beginning of the next fiscal.

The consultations between the Centre and VAT panel, which represents states, on the structure and rates of GST, are on.      Earlier during the week, VAT panel Chairman Asim Dasgupta had said state finance ministers will meet Finance Minister Pranab Mukherjee around mid-June on various issues relating to the new tax system.

"I am very happy to know that the Union Finance Minister would be having interactions with state finance ministers on many matters, including GST, and so it will be in the middle of this month we will have the meeting on the GST," Dasgupta had said.

Right now, only broad structure of GST has been agreed upon between the Union Government and states.

It has been agreed that the new tax system would have two structures, one at the state level and another at the Centre.

However, its exact rate and items to be brought under it still remain to be decided. Also, legislative action would have to be completed after an agreement is reached between the Centre and states on various aspects of GST.

Before GST is introduced, its draft structure would be put on the website and interactions would be held with traders and industry to incorporate any changes in the final tax system, Dasgupta had said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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