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

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 2017 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