Here's the recent articles submitted by nagesh bajaj
Articles By nagesh bajaj
Development Of Gst In India
By: nagesh bajaj
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 GST implementation in India would be deferred.(read
entire article)
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Category : Business
Goods And Services Tax (japan)
By: nagesh bajaj
In Japan, the equivalent of VAT or GST is known as Consumption Tax(CT) and was introduced in January 1989. It requires re-calculation and payments to the tax authorities at each transaction point in the onward sales chain.(read
entire article)
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Category : Business
Challenges Of Gst
By: nagesh bajaj
The actual challenge before the Finance Minister is not of drafting a model GST but of its proper implementation and smooth transition from the prevailing system.
The challenges which the Government has to face in introducing GST are as follows:(read
entire article)
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Category : Business
A Step Closer To Goods And Service Tax
By: nagesh bajaj
Finance minister Pranab Mukherjee has proposed a three-year timeline to fully implement the GST. In the first year, there will be a dual-rate GST. The Central GST is proposed at 6% for essential commodities and a 10% standard rate for other goods. States are expected to impose similar levies. As a result, the combined GST on goods will be between 12% and 20%. The tax on services will be levied at 8% by the Centre and a similar levy by the states.(read
entire article)
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Category : Business
Changing Momentum Of Gst: Still More To Do
By: nagesh bajaj
In the last meeting of the Empowered Group of State Finance Ministers on GST to thrash out all pending issues , three major issues arises in front of the Government , with several states giving a thumbs-down to the draft Constitutional Amendment Bill prepared by the Centre.(read
entire article)
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Category : Business
It Infrastructure - A Priority For Gst
By: nagesh bajaj
Unique Identification Authority of India (UIDAI) Chairman Nandan Nilekani is working on the IT preparedness for GST .IT infrastructure will play a huge role in interstate GST. Inter-state GST (IGST) will be collected by the Centre and passed on to the states. It will have to be transferred electronically.(read
entire article)
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Category : Business
Cag Report : An Eye-opening For Gst
By: nagesh bajaj
While the Government is trying hard with opposition parties to implement the Goods and Services Tax from April next year, a study carried out by the Comptroller and Auditor General of India [CAG] has brought out shocking details of the manner in which several states are operating the Value - Added Tax (VAT) system.(read
entire article)
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Category : Business
