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: TDS :: cpt :: empanelment :: VAT RATES :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« General »
 Property tax revision unlikely till April 2019
 Norms for filing tax are the same for residents and non-residents
 Data shows new tax regime widely adopted
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 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

IT panel on GST to discuss on June 28
June, 25th 2010

Being ready with the required IT infrastructure to usher in goods and services tax (GST) is high on the governments agenda. The Nandan Nilekani-led seven-member Technology Advisory Group for Unique Projects (TAGUP) will meet here for the first time on June 28 to review IT preparedness for the proposed indirect tax regime. The group is expected to discuss contracting norms, bidding process and security major challenges while preparing an adequate technology infrastructure for GST.

TAGUP, which was constituted on June 7, will advise the Central Board of Excise and Customs (CBEC) to prepare for GST. The new tax regime, which overhauls Indias age-old indirect tax system, will be technology-dependent. In the GST regime, a single tax will be levied on goods and services pan-India rather than separate taxes at states and the Centre.

GST technology framework is part of TAGUP announced by finance minister Pranab Mukherjee in this years Budget. Nilekani heads five TAGUP projects on GST, tax information network, new pension scheme, national treasury management agency and the expenditure information network.

The group will meet the finance minister to exchange views on GST. We will be discussing contracting rules, commercial terms, a method for price discovery during competitive bidding for GST network and suggestions for user charges by stakeholders, a senior finance ministry official told FE. The group will also deliberate on open-protocols (an IT requirement) and security issues in case of attacks on the system, he added.

The group includes Infosys former chief Nilekani, Sebi chairman CB Bhave, IT department secretary R Chandrasekhar, PFRDA former chairman Dhirendra Swarup, CBDT former member SS Khan, CBEC former member P R V Ramanan and ICICI Foundation for Inclusive Growth president Nachiket Mor.

The finance ministry and states have constituted a joint working group on IT for GST. The indirect tax administrations at the Centre and states level are being revamped. Nilekani has been frequently meeting CBEC officials to work out the modalities for the IT platform being developed to enable smooth implementation of GST.

The IT framework for GST assumes importance with the approaching deadline for the new tax regime. Mukherjee had said in the Budget speech: Creation of IT projects that are reliable, secure and efficient is the need of the hour for an effective tax administration and financial governance system.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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