Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: cpt :: due date for vat payment
 
 
« Service Tax »
 Simplifying GST: Creating a Grand Simple Tax
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST
 The Finance Resolution And Deposit Insurance Bill, 2017
 Payment made in revenue sharing deal exempt from service tax
 India seen posting stronger growth as businesses adjust to new tax
 GST High Powered Committee On Return Filing - Representation by GST Research Foundation
  Changes In Central Goods And Services Tax Rules, 2017
 GST return filing to be a breeze for small businesses

New tax system a historic opportunity for India, says CEA on GST
August, 05th 2016

While several recommendations of his report on GST have not been adopted, chief economic adviser Arvind Subramanian is satisfied. He tells HT that in a true democracy, it is important to make adjustments. Excerpts:
What will be GST’s immediate impact on GDP growth?

We have not done any such calculations. But potentially, it will help in easier movement of goods within India, compliance will improve, and boost the Make in India programme. Reducing all the existing barriers will help in pushing the overall growth rate of the country.

Do you think investments will suddenly surge?

You have to ask them (the investors). But let me tell you that there will be no sudden surge in investments, it will happen gradually. I think there was expectation that the tax reform will come through and it was more a signal of using the mandate (of the NDA government that came into power in 2014)

While in your report you have recommended that the standard rate be kept at 17-19%, states have shown apprehensions. Your opinion.

The GST structure will have to be decided by the GST Council. Also, we must understand that there will be some apprehension, the states will be nervous about the unknown. But, at the same time what the states are saying now is not the last word.

There is fear that the implementation of the new tax structure will push inflation. Your take.

I don’t think it will have an impact on inflation. First, about 54% of the consumer price index (CPI) basket will be kept out of the GST ambit. Two, if the rate is fixed at say about 18% -- in my report we prescribed a range of rates for the standard rate between 16.9-18.9% -- there should not be any inflationary pressure.

How confident are you of rolling out GST by April 1, 2017?

It is a challenging deadline. It now depends on the states. The GST Council will have to set the rates. So there is work left on the ground.

Do you think that the GST in the current form is flawed, considering that you in your report suggested inclusion of alcohol and petroleum in the tax ambit?

I wouldn’t say that it is a flawed GST. There is no perfect system. The best should not come in the way of the good. Given that the states had apprehension on the new tax system, this is the best.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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