Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: cpt :: VAT RATES :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: empanelment :: VAT Audit :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS
 
 
« Service Tax »
 India to levy service tax on freight for imports on delivered basis
 Income tax relief must be blended with additional tax measures
 9th GST Council inks breakthrough on dual control over tax payers, rollout deferred to July 1, 2017
 GST rollout uncertainty hits Budget 2017 calculations
 GST now set for July 1 roll-out, dual control hurdle finally over
 Grant of Registration under DVAT and CST
 Do not raise service tax, says Chamber
 Excise, service taxpayers to migrate to GST portal by Jan 31
 Centre, state governments work on formula for 'GST on high seas'
 What is service tax?
 Tax to bring transparency, benefit companies operating in state, says Gujarat CM Vijay Rupani

Oppose Govt's GST proposal
July, 22nd 2010

Some of the state Finance Ministers are not on board with the governments proposal on the goods and service tax (GST), report Media.

The government has proposed a single rate state and centre GST between 12-20% in the first year, while the peak effective rate will be at 15%.

There is a divide between NDA ruled states and UPA ruled states. Madhya Pradesh (MP), Uttarakhand and Karnataka have not agreed to the proposal sating that they want higher tax rate.

Finance Minister Pranab Mukherjee is meeting the state FMs on this today. The Constitutional Amendment on GST has been presented to the states.

MP is vehemently opposed to creating council Of Finance Ministers on GST reasoning that it may inflict serious blow to state autonomy. MP implored that GST should be revenue positive and be flexible to allow states to decide rates.

It also said that the proposed tax collection method is complex due to supply chain and hence it is unrealistic to estimate that GST will reduce tax evasion.

MP wanted that primary commodities should remain outside GST while primary commodities must remain within states domain.

MP further suggested that taxation of farm income, land, forest produce and mining should be outside GST. MP argued that Article 286 amendment and restrictions on states to levy sales tax needs to be removed.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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