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: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: TDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: articles on VAT and GST in India :: form 3cd :: cpt :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
 
 
Service Tax »
 Step by Step Guide for GST Enrolment for existing Central Excise / Service Tax Assessees
  Smart things to know about income tax refunds
 Further clarification to Circular No. 1/2017 - GST dated 21st July, 2017.
 GST Return Filing: How to handle discounts and additional cost
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST
 Missing column in GSTR 3B form leaves input claims a shaky edifice

GST will end cobweb of various taxes
July, 06th 2015

Allaying apprehensions of the Confederation of All India Traders (CAIT) over "complexities" of GST, Finance Minister Arun Jaitley has said the proposed taxation system will end the cobweb of various taxes and "miseries" being faced by the trading community. A CAIT delegation led by National Secretary General Praveen Khandelwal on Saturday met Finance Minister Jaitley and put forth their reservations over the proposed GST and the complexities its presents. "The Finance Minister has assured that the proposed GST will be a simplified taxation system, which will eradicate miseries being faced by trading community in present taxation system," Khandelwal told PTI here.

Jaitley also promised that the GST will end the cobweb of various taxes levied at different stages from production to distribution and will also bring an end to multiple authority taxation regime. "GST is aimed at removing distortions in tax regime arising out of multiplicity of taxes and exemption. At the same time it will give every opportunity to traders and other stakeholders to make a voluntary compliance which will result into widening of tax base," the minister told traders.

Earlier in the week, CAIT had opposed the proposed GST and had recommended to the government that GST in its present format is very complex for traders. "The proposed GST, the biggest tax reform in the country, the central and state GST are to be paid to the accounts of the Central and state governments separately," Khandelwal had said. He had further said that there is also a levy of an additional tax on supply of goods and services, not exceeding 1 per cent in the course of inter-state trade or commerce, for a period of two years.

"The proposed GST is very complex for the traders to comply with. We demand single tax GST with single authority coupled with uniform Act and tax rates across the country and develop India on a concept of 'one Mandi'. The stakeholders cannot be taken for granted and the proposed form of GST is not acceptable to us," he had said. The government is hopeful of passing the Constitutional Amendment Bill for GST in the coming Parliament session.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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