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
Service Tax »
 Have you filed your income tax return? Here is a quick guide
 Government panel moots tax relief for companies
 New income tax refund rules Income Tax Filing 2019
 Income Tax dept relaxes assessment and scrutiny norms for start-ups
 Tax department launches 'e-filing Lite' for taxpayers
 ITR 5 Form filing: How to download and fill the form online
 How to save tax if you have missed the deadline for submitting proof of investments ITR Filing for AY2019-20
 How to correct a mistake ITR filing AY 2019-20
 ITR filing for AY 2019-20: Don't miss these incomes
 Meeting tax deadlines helpsa
 How To File Income Tax Return Without Form 16? ITR Filing

Plea to support GST Bill
June, 09th 2016

Tamil Nadu Chamber of Commerce and Industry has appealed to Chief Minister Jayalalithaa to support passing of the GST Bill in the Rajya Sabha when it is taken up for discussion in the monsoon session of Parliament so that the pro-active taxation system would be positively introduced throughout the country from April 1, 2017.

In a statement issued here on Wednesday, chamber president N. Jegatheesan and senior president S. Rethinavelu pointed out that the trade and industry body was eagerly looking forward to the passing of the long-pending GST-related Constitution Amendment Bill in the Rajya Sabha during the monsoon session. The chamber said that the GST was considered a unique and path-breaking indirect tax reform after Independence under ‘single-country, single-market, single-tax” principle and it would provide massive impetus to trade and industrial growth and employment acceleration in the country.

The GST would subsume an array of indirect taxes like Central excise duty, service tax, Central sales tax, surcharges, cesses, VAT, entry tax, entertainment tax, luxury tax and taxes on lottery, betting and gambling.

The set-off facility available in the GST would prevent tax on tax and considerably reduce tax burden and bring down commodity prices, it said. By ensuring ease of doing business in India, the new tax system would provide substantial boost to foreign direct industrial investment, accelerating industrial growth and employment generation. Considering the substantial trade and industrial growth and abundant additional employment generation that the GST would provide, the Chief Minister, who was keen to accelerate all-round development of the State, would make certain her party supported GST Bill in the Rajya Sabha.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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