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A STEP CLOSER TO GOODS AND SERVICE TAX

The central and state governments moved closer to ushering in a nationwide goods and services tax on April 1, 2011, that will simplify the manner in which corporates, small enterprises and traders will be levied taxes on goods and services. The reform... Read >

DEVELOPMENT OF GST IN INDIA

In the Union Budget for 2009-2010, the Finance Minister announced that GST would be in effect from April 1, 2010 in India. However , at the end of January, Asim Dasgupta, Chairman of the Empowered Committee of State Finance Ministers made a statement that... Read >

GST AND FISCAL AUTONOMY TO THE STATES

The proposed GST Scheme has created a sense of fear among states that they will lose their autonomy over levy of taxes. Presently, states enjoy total autonomy atleast in respect of state taxes. It is upto state governments to decide – what to levy, type o... Read >

Speed and Efficiency Is Required

It is well known fact that a lot of things is required to be done for the introduction of the Goods and Services Tax but for the time being the priority is the finalization of the Draft Constitutional Amendments on the Goods and Services tax so that the A... Read >

Still More Is Required

As the future of the Goods and Services Tax is still uncertain in India but our efforts to elaborate the broad concept of “GST" will continue in the same manner. Even after facing such a huge setback, our Finance Minister Mr. Pranab Mukherjee is leaving n... Read >