- Thursday, August 4, 2011, 12:42
- GST
- 1 views
Empowered Committee of State Finance Ministers on GST, under its new chief Sushil Modi, will meet on August 19 to discuss various issues related with the roll out of the ambitious indirect tax regime.
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- Friday, November 26, 2010, 15:46
- GST
- 3 views
The vexed issue of amending the Constitution for rolling out the new Goods and Services Tax (GST) may not come up in the next meeting of the Empowered Committee (EC) of state finance ministers on December 6 here.
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- Monday, July 26, 2010, 8:03
- GST
- 3 views
* Exemption threshold for both goods and services under Central Goods and Service Tax (“CGST”) and State Goods and Service Tax (“SGST”) to be INR 10 lakh. Threshold for small dealers under both CGST and SGST to be INR 50 lakh or INR 1 crore.
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- Thursday, July 22, 2010, 9:05
- Government Policy
- 1 views
As for specific issues, let me begin with the issue of exemption threshold under GST. In this regard, it was the suggestion of the Empowered Committee that the Centre should consider retaining the exemption threshold of Rs.1.5 crore (presently available under Central Excise) for goods while the CGST threshold for services and the SGST threshold for both goods and services would be Rs.10 lakh. It is fundamental to a dual GST that every transaction constituting a supply of..
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- Sunday, June 6, 2010, 21:47
- GST
- 1 views
Twofold GST: A dual GST with defined functions and responsibilities of the Centre and the States is recommended. An appropriate mechanism that will be binding on both the Centre and the States should be worked out whereby the harmonious rate structure along with the need for further modification could be upheld, if necessary with a collectively agreed Constitutional Amendment.
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- Wednesday, February 10, 2010, 3:32
- GST
- 1 views
As is now well known, the Empowered Committee of State Finance Minister (EC) had, in November 2009, issued a First Discussion Paper (Paper) on the dual Goods and Service Tax (GST). This paper had set out the EC’s views on the nature of the dual GST, its coverage, the manner of its applicability, its coverage and on several other design aspects of the GST as well, including on treatment of inter-state supplies of goods and services.
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