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 STANDARDS :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT RATES :: TDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Service Tax »
 GST loss to be reduced by slice of service tax
 Government encouraging self-registration for GST
 Spl assembly session on GST Bill on May 9
  Getting the trade to align with GST is a challenge
 Getting the trade to align with GST is a challenge
 With GST launch, race against time to avoid sales tax upheaval across India
 GST to rate taxpayers, businesses on payment record, make ratings public
 7 major benefits of Goods and Services Tax
 100 Opening GST Profiles- Indirect Taxation- ALL Industries
 New Opening Sr. Manager-Indirect Tax For A Leading Power Company
 Tax Collected At Source Under GST Regime

Finance Minister slipped on Service Tax
July, 20th 2016

Former Finance Minister and senior Congress leader P. Chidambaram has said that his successor Mr. Arun Jaitley “slipped” when he told Parliament on Tuesday that the Centre does not share Service Tax revenues with States.

“[The] FM was wrong… He slipped. All taxes including Service Tax are shared,” Mr. Chidambaram said in a text message.

Rebuttal in Twitter
Mr. Chidambaram later took to Twitter to refute Mr. Jaitley’s response to the first question in the Rajya Sabha for the day in which the Minister said that since, as per the recommendations of the 14th Finance Commission, Service Tax was not shared with States, it would be in their interest for the Upper House to pass the Constitution (122nd Amendment) Bill, which is meant for the rollout of the Goods & Services Tax (GST).

“As per the 14th Finance Commission, service tax is not shared with states…The earlier you pass the GST, the better it is for states so that they get a share in the Service Tax,” Mr. Jaitley said. Mr. Chidambaram, who was elected to the upper house from the state of Maharashtra, is among the 43 members in the House who took oath on Monday. Some of these are newly-elected, while others were re-elected.

Credit given
In his efforts to win the support of the congress in the House for the passage of the Bill, Mr. Jaitley has, on a number of occasions, given credit for initiating the long-pending tax reform to his predecessor.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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