GST

Finance minister Pranab Mukherjee today said the Centre is working at a "political level" with states for countrywide roll-out of goods and services tax (GST), but it may take some time to arrive at a consensus on the new indirect tax regime. "I am Full Article

With different tax rates leading to fuel prices varying from state to state, the oil industry has demanded inclusion of crude oil and its products, and natural gas in the reformist GST (Goods and Services Tax) regime. Petrofed, a body representing bo Full Article

The government’s move to offer fresh excise duty exemptions to companies already enjoying a tax holiday in Himachal Pradesh and Uttarakhand is blatantly wrong. It does damage to the goal of having a harmonised goods and services tax, to the economic Full Article

Tax Evasions lead to deceleration in VAT revenues-study Full Article

Finance Minister Shri Pranab Mukherjee today inaugurated a two-day National Seminar on ‘Goods and Services Tax : Transition Issues’, organised by the Comptroller & Auditor General of India (CAG) to discuss the findings of the CAG on the preparedness Full Article

FM Expects Inflation to come down to 6 per cent by March, 2011 Govt willing To Consider a Phased Approach for Introduction of GST: FM GST would Improve Tax Collections and Boost India's Economic Development: FM GST to Encourage Consumer Friendly P Full Article

Introduction of a Goods and Services Tax (GST) could be delayed further with the Centre and the states failing to reach common ground at the meeting of the Empowered Committee of state finance ministers today. The meeting was attended by only eight state finance ministers. Finance ministers of the Bhartiya Janata Party (BJP)-ruled states were not present. The issue of a constitutional amendment was not discussed and there was no headway on the GST structure. Full Article

It is evident from the facts of the case that an automatic voltage stabilizer involves the operation of a number of electronic components. A voltage stabilizer might have many components some of which use electricity. This cannot be the sole reason for classifying it as an electrical good. As noticed earlier, an electrical device can be an electronic device, but an electronic device cannot be an electrical device. The Tribunal which is the last fact finding authority aft.. Full Article