Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: due date for vat payment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
« News Headlines »
 7 Tax-saving investments for the risk averse
 5 Tax tasks you should complete before March 31
 March 31 deadline nears: Check out these last-minute tax-saving investment options
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31

Panel to look into non-VAT items treatment under GST
July, 06th 2007

The joint working group on goods and services tax (GST) has been mandated to consider how non-VAT items such as petroleum products and alcohol should be treated under the proposed GST regime.

This is one of the terms of reference for the joint working group. Besides, the group will be required to consider the issue of treatment of exempted goods and services in a GST regime, a Finance Ministry official said.

The group, which is to meet on Friday, had been constituted by the Empowered Committee of State Finance Ministers on VAT and comprises senior Finance Ministry officials representing the Centre and Secretaries of Finance/Taxation representing the States.

The group will study the various models of GST existing globally and identify the possible models for introduction of GST in India and assess their suitability to the countrys federal structure.

It will present its findings to the Empowered Committee, which will take a final decision on the right model.

The Centre has already announced intent to introduce GST by 2010.

Dr Parthasarathi Shome, Advisor to the Union Finance Minister, is a convenor of the group. Mr Satish Chandra, Member Secretary of the Empowered Committee on VAT, is also a convenor. Official sources said that the group has been asked to suggest a model for the base and rate structure of GST. It has been asked to design a model that is revenue fair with sufficient growth of revenue to the Centre and to every State, and has been told that the interest of North-Eastern States and union territories have to be specifically kept in mind.

The group, which has been given four months to submit a report, will examine various models and see the manner in which the power of levy, collection, and appropriation of revenue should be vested in the Centre and the States by looking at the pros and cons of various models.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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