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: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: VAT RATES :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: cpt :: form 3cd
 
 
General »
 Companies should invest in upgradation of tax technology
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court

Ambitious sell-off plan soon, GST top priority: FM
September, 01st 2014

The implementation of the proposed Goods and Services Tax (GST) is on the top of the government’s agenda, finance minister Arun Jaitley said here on Saturday.
Listing out the reforms underway, Jaitley said that the government plans to roll out its “ambitious disinvestment plan” soon, while it is in discussion with all the stakeholders to form a consensus on the GST for early implementation.

“I am individually discussing with finance ministers and chief ministers of some states which have raised issues with regard to GST and an early passage of the Constitutional Amendment Bill is on top of the government’s agenda,” he told reporters here.

As to whether the government will agree to the demands of keeping petroleum and alcohol out of the ambit of the new indirect tax regime, Jaitley said, “The Empowered Committee has, with regards to certain items, said that they be kept out. (But) too many items can’t be kept out. We are in discussions with some of the states. Recently I met West Bengal finance minister and Gujarat finance minister and I will meet few other states. I will be discussing the issues with them.”

On the issue of the compensation for phasing out the Central Sales Tax (CST), the finance minister said that the Centre is willing to pay the compensation, which had been a bone of contention between the states and the previous government.

On the Insurance Bill, which proposes raising the FDI cap from 26 per cent to 49 per cent, Jaitley exuded confidence that it would be passed in the next session of Parliament.

“I am reasonably confident… any political party which have mooted the idea of this Bill in the past, cannot have any serious reservation against it… I do see a positive attitude among some of the principal opposition parties,” he said, adding that the select committee will start work on the Bill soon.

The much-delayed Insurance Bill was referred to the select committee after the Opposition objected to some of the changes introduced in it. The bill has been pending since 2008 in the Rajya Sabha. “We took a firm decision on insurance… I am hopeful of its passage in the next session. A significant amount of investment is just waiting in that sector to come in,” Jaitley said.

On the rationalisation of subsidies, he said that he will discuss the issue with members of expenditure management commission, set up following the Budget announcement, that if it can submit early recommendations on subsidy rationalisation, the work could be started this year itself.

The government is also looking at revisiting the land acquisition law while it is reviewing the general anti-avoidance rules pertaining to taxation.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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