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: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: list of goods taxed at 4% :: cpt :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS
 
 
Service Tax »
 IT infrastructure firm of GST under scrutiny for tax evasion
 GST council OKs draft law on relief to states
 GST Network gets notice for avoiding service tax
 GSTN contract may attract tax
 GST Council may discuss tax rate on gold at Udaipur meet
 Govt may rework indirect tax estimates mid-way after GST
 GST Council meeting: States allowed to tweak taxpayer division after consulting Centre
 Government may rework indirect tax maths mid-way after GST entry
 Govt may rework indirect tax mid-way after GST entry
 GST rollout will reduce disparity among states
 GST: E-tailers oppose tax laws

No opposition to Goods and Services Tax: Chhattisgarh Chief Minister Raman Singh
September, 27th 2014

Chhattisgarh has no objection to implementation of the Goods and Services Tax (GST), state Chief Minister Raman Singh said today.

"Chhattisgarh has no objection on GST. We only want that state's loss of revenue is taken care of as there will be annual loss of Rs 1,000-1,200 crore," Singh told reporters here.

The Chief Minister said he had raised the matter earlier with the then Finance Minister Pranab Mukherjee.

"I had met Pranab Mukherjee, when he was Finance Minister, and urged him to compute the states loss. There has to be a planning and provision to compensate states' loss for five-ten years.

"It (provision for compensation on account of loss of states' revenue) should not be closed after one or two years of its (GST) implementation," Singh said.

The previous UPA government had accused the BJP-ruled states of stalling progress of the GST regime, which is considered to be a very significant step in the field of indirect tax reforms in the country as it would amalgamate a large number of central and state taxes into a single one.

Some days back, Madhya Pradesh Chief Minister Shivraj Singh Chouhan has made it clear that he did not have any objection on GST.

The idea of moving towards GST was first mooted by the then Finance Minister P Chidambaram in his budget for 2006-07. Initially, it was proposed that GST would be introduced by April 1, 2010. However, several deadlines have been missed and it is yet to be rolled out.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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