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: form 3cd :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: TDS :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: due date for vat payment
 
 
Service Tax »
  GST Network simplifies returns filing process
 Why is the successful roll-out of the e-way bill necessary?
 How service tax became revenue lifeline for the Govt
 Three simple tricks to save income tax without investing fresh funds
 Goods and Services Tax (Compensation to States) Amendment Act, 2017.
 Services sector need to brought under Section 72A of the Income-Tax Act
 Simplifying GST: Creating a Grand Simple Tax
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST

'Gain from GST to make India $2tn eco'
July, 23rd 2010

Finance minister Pranab Mukherjee on Thursday assured Special Economic Zone (SEZ) developers that the government will provide extra time beyond the cut-off date of April 1, 2011 when the proposed Direct Tax Code (DTC) comes into effect scrapping income tax exemptions.

The FM said besides this concession, the government will continue to give investment-linked tax benefits to SEZ units and developers. Only the profit-linked tax exemptions will be withdrawn in the proposed DTC.

Mukherjee's clarification came while responding to a Ficci real estate representative who raised the issue with the FM at its executive committee meeting in the capital saying the government is reneging from its commitment given to the SEZ developers who have pumped in thousands of crores in the sector in the past few years.

"We will fulfill all commitments that we have given," the FM said, adding that till the cut-off date all units that start operation will get the tax benefit. "Certain extra time will be given beyond the cut-off date," he added.

He said the DTC would be introduced in the monsoon session of Parliament and gradually it would be made broadbased as it is not possible to address all concerns of such a large economy at one go.
 
Speaking about the Goods and Services Tax (GST), FM said this will bring in a new federal concept where both states and the Centre will legislate on imposing duties together. He said with GST, it will propel India into a $2 trillion economy. "The expected net present value of GST gain exceeds half a trillion dollars. The gain from GST will propel India from a $1 trillion economy to a $2 trillion economy in a short span of time."

He said the input credit in the GST structure will be available where duties paid on raw material can be availed as benefit on the final product.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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