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
Latest Expert Exchange
« News Headlines »
 Filing your income tax returns? Here are 4 challenges that you may face
 7th Pay Commission and Income Tax efiling: Here is how government employees need to file ITR for AY2018-19
 Don’t forget these tax breaks while filing ITR for AY2018-19 Income Tax efiling
  Here are five ways to e-verify your income tax return
 Filing Income Tax Return? You must keep these key documents handy
 33 LPA- Opportunities for Chartered Accountant
 33 LPA- Opportunities for Chartered Accountant
  Here are 5 ways to e-verify your income tax return
 6 things you must know while e-filing ITR
 You need to disclose these assets to the taxman Filing income tax returns?
 Five Ways To Verify Filed Your Income Tax Return?

FinMin will now focus on GST: Jaitley
August, 16th 2014

Finance Minister Arun Jaitley on Thursday said that with the Parliament session over now, his ministry will focus on the rollout of Goods and Services Tax, the new indirect taxes regime that has been in the works for long.

As the Parliament session is over, the government will now start work on GST and soon take a decision on the CST compensation issue, Jaitley told reporters here.

The GST will subsume indirect taxes like excise duty and service tax at the central level and VAT on the states front, besides local levies.

The Constitutional Amendment Bill, prepared by the previous UPA government in 2011 to pave way for rolling out GST, is yet to see the light of the day.

The GST rollout has missed several deadlines on account of differences over contentious issue of CST compensation and design of the GST structure between the states and the Centre.

Committing to expeditious roll out of GST, Jaitley had in Budget speech said that a solution to the issues relating to the comprehensive indirect tax regime may be finalised in the current year itself.

Replying to a question on the fate of the Insurance Bill, Jaitley expressed the hope that it will get through sooner or later. The government on Thursday referred the controversial Bill to the Select Committee of Rajya Sabha.

The Bill, which proposes to hike FDI limit in insurance sector to 49 percent, was caught in logjam with the Congress- led opposition insisting that certain new provisions incorporated in the bill require a fresh look and expert consideration.

This Parliament session has been successful, Jaitley said.

The Budget session of Parliament, the first of the Narendra Modi government, ended on Thursday reflecting the changed political reality with fewer disruptions and adjournments, and more debates and discussions unlike in the recent past.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 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