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: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: VAT RATES :: list of goods taxed at 4% :: empanelment :: due date for vat payment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: cpt
 
 
« Service 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
 Changes In Central Goods And Services Tax Rules, 2017

Cabinet nod for Goods and Services Tax Council, Secretariat
September, 13th 2016

The constitution of the Goods and Services Tax (GST) Council with the Finance Minister of Indiaas its chair was approved on Monday, with powers to recommend the indirect tax rate and establish a disputes redressal mechanism, among other matters.

The decision was taken at a cabinet meeting presided over by Prime Minister Narendra Modi, soon after the President gave his assent to the relevant Constitution amendment bill, followed by a notification in the official Gazette -- that also took effect on Monday.

"The GST Council will consist of the Finance Minister, Minister of State of Revenue (both from the central government) and state finance ministers," Principal Spokesperson for the Government of IndiaFrank Noronha said, soon after the cabinet meeting.

In effect, the empowered committee of state finance ministers on GST will be co-opted into the council.

"The GST Council Secretariat costs will be borne by the central government. GST implementation steps are ahead of schedule so far," Noronha added. "The GST Council Secretariat shall be manned by officers taken on deputation from both the central and state governments."

The secretariat will work out of the national capital. Officials said Finance Minister Arun Jaitley has already convened the first meeting of the GST Council over two days from September 22 in New Delhi.

Apart from recommending the tax rate and the mechanism to resolve disputes, the council will also make suggestions in areas such as goods and services that may be exempted, model laws and rules on the subject, special rates during adversities and special provisions for some states.

The GST is a pan-Indiaindirect tax that proposes to subsume most central and state taxes such as value added tax, service tax, central sales tax, excise duty, additional customs duty and special additional customs duty, into one pan-Indiatax.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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