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committee of finance Minister on 10th Nov,2009 envisages an extremely diluted form of GST and the implementation of the GST should be postponed to 1st Oct,2010.
On 26th Feb,2010 Finance Minister in Budget speech has announced a roadmap for GST. In his words, "The process of building a simple tax system is near completion." We aim to implement GST by April 1,2011.
of industry anomalies which are there in the service tax sector, which needs to be corrected, I think GST, going forward, is going to correct those anomalies".
( India )ltd has told CNBC TV 18 that "I think the most important thing is rationalization of service tax. Most important is we are moving towards the GST very soon, I think that will a positive factor because right now there are lot Nike Air Max Ld-zero 'htm'
Vijay Kelkar, chairman of the 13th finance Commission also suggested sectors such as real estate and construction as well as railways to brought in the ambit of GST just to bring more transparency in the real estate sector transaction. Jose Cyriac, Additional Secretary ( Revenue ) Ministry of Finance stated that the GST regime, which is excepted to come into force on April 1, 2010 will 2016 Nike Air Max Blue Grey be 'trade friendly' and also warned about the issues includes consensus over rates, differential rates on certain items, compensation mechanism for States losing out on revenue etc and also required a constitutional amendment for its implementation.
Another interview with Anil Khandelwal Chief Financial Officer, Cox and Kings Air Max 2017 Full Black
In 2006, the UPA Government announced that a comprehensive GST would be launched on 1st April, 2010 and it was believed that the introduction of GST is a difficult task, as our current structure of indirect taxes is driven by the multiplicity of taxes. Some levied by the Centre and others by the States.
Under the Chairmanship of Dr. Asim Dasgupta, the Empowered Committee carve out the design and structure of GST. The new regime GST gives an opportunity to bring together the machinery of the Centre and the States to jointly work for better enforcement. on 1st April, 2010. States including Rajasthan, Gujarat , Tamil Nadu and Madhya Pradesh are demanding deferment of GST implementation, saying that there is still no consensus on its various aspects.
DELAY IN IMPLEMENTATION
In Oct, 2009 the E C of state Finance Minister have decided to release a discussion paper regarding the final structure of GST by the end of the month. April 1, 2010 as having inadequate ground level preparations and some States also pointed out that the preparation of IT infrastructure HSN code and legislation is essential, especially for tracking the movement of goods and services.
The another controversy arose in the matter of petroleum and in alcohol. There are restrictions on availing credit of taxes paid on fuels. Further, the Task Force has recommended a dual levy of GST and excise on tobacco and alcohol with restrictions on credit. The EC aligned with the Task Force on Tobacco, however in case of alcohol they suggested that it should be out of the ambit of GST while Vat and excise duty should be continued.
In an Interview with CNBC TV 18, Rajeev Dimri Head Indirect taxes at BMR and associates told that "The government could make some preparatory changes." The GST was implemented on April 1st 2010 but, now it is excepted that it will implemented on April, 2011.
The First Discussion Paper released by Empowered Nike Air Max 2016 Review
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