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: articles on VAT and GST in India :: TDS :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: cpt :: VAT Audit :: empanelment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Service Tax »
 Simple tax made complex
 Govt may review monthly GST return filing process
 Central Goods and Services Tax (Eleventh Amendment) Rules, 2017
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017
 Composition Scheme - the Central Goods and Services Tax (Removal of Difficulties) Order, 2017
 Govt asks taxpayers to file GST return for July by Tuesday
 FAQ On Government Services Under GST
 Income Tax Appellate Tribunal, Visakhapatnam Bench List Of Division Bench Cases Posted Before During The Period From 03rd Octombar To 13th October , 2017.
 Facility of LUT extended to all exporters / registered persons subject to conditions
 GST implementation – Hasty turns out nasty
 What is Goods and Services Tax Network (GSTN)?

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