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 :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd :: articles on VAT and GST in India :: TDS :: VAT Audit
 
 
News Headlines »
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017

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