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
Latest Expert Exchange
News Headlines »
 Your ITR filing will soon get processed in just one day
 Here's how These new tax laws allow you to save more tax in FY2018-19
 Income tax exemption limit may be doubled to Rs 5 lakh in interim budget
 How to use home loan and rental outgo to save income tax
 Income Tax Department Income Tax Return Statistics Assessment Year 2017-18
 Section 80C limit: Should you use only life insurance to save taxes?
 Calculate your tax liability for assessment year 2019-20 here
 Here is how to maintain tax discipline in the last quarter of the fiscal
 4 best tax saving investment schemes for senior citizens
 How much tax you will have to pay explained Income Tax standard deduction for FY 2019-20
 Income-tax Deduction from salaries during the Financial Year 2018-19 under section 192 of the Income-tax Act, 1961

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 2019 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