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: Central Excise rule to resale the machines to a new company :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: cpt :: VAT Audit
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

Seminar to discuss taxation Bills
August, 31st 2009

The proposed Bills of the Union government concerning General Service Tax (GST) and direct tax code will come up for deliberation during the ongoing two-day seminar of the All India Federation of Taxation Practitioners.

AIFTP national president Bharat Agarwal said that the provisions related to the two proposed Bills of the central government need hectic deliberations before their enactment on April 1, 2010 by the Parliament.

Addressing the gathering of the taxation fraternity at the Michael John Auditorium here, Agarwal informed that introducing GST and direct tax code in place of the existing galaxy of commercial laws is not an easy task.

"However, if the system has decided to take a sweeping reforms to ease the taxation structure in the larger interest of the society, then it becomes the responsibility of the AIFTP members to help assist the government in this regard," Agarwal said.

Former Supreme Court judge S B Sinha, who is here to deliver the keynote address, said: "Benefits of any taxation, including the proposed GST, depends on the fundamental design of the structure. Hence, a proper study of the same is required before it is introduced."

Earlier in the day, Gyan Sudha Misra, Chief Justice of the Jharkhand High Court, who participated in the event as the chief guest, said that any taxation code, regardless of GST or direct tax code, should be framed in such a way that it attracts minimum legal hassles.

She further added that the justice delivery system is a cumulative exercise in itself. Therefore, the aim of the new Bills should be to attain maximum beneficiaries with minimum chances of litigation.

Mukul Gupta, general secretary of AIFTP, urged taxation lawyers to enhance their vision in line with the intricacies and complexities of the commercial laws. The two-day seminar will conclude on August 30.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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