GOODS AND SERVICES TAX IN INDIA                   

First Discussion Paper on GST Released                      Rates to be Decided later                          Compensation to States during Implementation Period                                       Compensation to States on Purchase Tax                                      Tobbaco Products  in GST   Alcohal, Petroleum Products Out of GST            SEZ at zero rate                     Imports under GST                   Center to Share IT Infrastructure with states             Services to be Tax at Uniform Rate                         Threshold Limit on Services 10 Lac    on Goods 1.5 crores               Inter State Transactions under IGST Scheme                 Special Industrial Area Scheme   to be Phased out             Dispute Resolution and Advance Ruling Mechanism to be Devised                                  

 

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13th Finance Commission Report on GST                                                                       Comments of DoR on 1st Discussion Paper on GST.doc

UNION BUDGET 2010-11

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CHANGES THIS MONTH

AP VAT- Rates increased from 12.5% to 14.5%Punjab Increases VAT Rate from 4 % to 5 %

U.P VAT- Annual Return can be filed by 31st March without any penality

PUNJAB VAT- Rates Increased from 4% to 5%

Maharastra VAT Audit Report (2008-09)date Extended upto 31st March

Bihar Exempts VAT on Imported Sugar upto 31.12.2010

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Introductory Study on GST


GST Reforms and Intergovernmental Considerations in India


Kelkar Report on Indirect Taxes


Notes on Valuation for Captive Consumption under Central Excise

OTHERS

 GST will comprise a federal as well as a state component

Can GST earn more than individual taxes?

India - Revenue-neutral rate for GST

Compensation to States on GST implementation may be Considered

MP May Challange GST in Supreme Court

Govt. Pessimistic about meeting GST deadline

Reverse Clock has started to Click

 

 

 

                                  

 

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