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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: due date for vat payment :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: articles on VAT and GST in India :: empanelment :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you
 Income Tax department activates e-filing facility for all ITRs
 All the income-tax return forms for the current assessment year are available online

Move from dual-VAT to national level GST: PwC official
August, 19th 2006
India must move away from dual-VAT system and look at adopting a European model of a federal-level goods and services tax (GST) by 2010, Ms Ine Lejuene, Leader of PricewaterhouseCoopers (PwC) Global VAT/GST Network, has said. As the country prepares to introduce GST on April 1, 2010, she felt that it would be a best practice for the tax policy makers here to embrace the European model of federal level GST. Ms Lejuene also highlighted that federal level GST would help attract foreign direct investments (FDI) as companies prefer a less complex system. "As India goes in for a GST, it is better to go in for best practice and avoid those that would make it more complex. GST in Europe is always at the national level. You cannot have any levies at the community level that is in the nature of consumption tax," Ms Lejuene told Business Line. As part of her India visit, she had met Dr Parthasarathi Shome, Advisor to the Union Finance Minister and also senior officials of the Empowered Committee of State Finance Ministers on VAT. Asked whether she had given any policy recommendations during her interaction with Dr Shome, she said that her basic recommendation was that India must definitely execute its plans for moving to a GST by 2010. Besides discussing the merits of European model, the VAT expert had also suggested that policy makers must reflect upon perhaps using the positive experience that Europe had in using a broad definition of services instead of working with a list of transactions that qualify for service. The other recommendations made include the need for a court at the national level to look at VAT related issues. Mr S. Madhavan, Executive Director, PwC said that all exemptions (sales tax as well as central excise related) ought to go if a clean and relatively simple GST is to be introduced from April 1, 2010.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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