News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Service Tax »
 Do senior citizens with income less than Rs 5 lakh need to pay tax on FD interest income?
  How is the interest paid on borrowings taxed?
 Amendment in Rule 10CB of the Income-tax Rules, 1962 in respect of computation of interest income pursuant to secondary adjustment made under Section 92CE of the Income-tax Act, 1961​
 The Central Goods and Services Tax (Sixth Amendment) Rules, 2019
 Is it mandatory to file ITR even if your annual income is less than Rs 5 lakh/annum?
 Income tax department starts e-assessment centre. How faceless assessment works
 5 income tax rule changes that came into force this month
 Yet to receive your tax refund? This is what you should do
 Income Tax Refund 2019: How to Status, Get Refund on Time
 How to use NPS to reduce your income tax this year
 Does a member have to register oan UDIN Portal for generating UDIN?

Government allays fears on implementation of Goods and Service Tax
June, 28th 2017

Union Minister Nirmala Sitharaman today allayed fears over whether the prices of essential commodities would rise post implementation of Goods and Services Tax, saying no fresh rates would be imposed on those goods which already come under tax ambit.

"There is no separate explanation to public and another for traders. It is all the same. The price of essential commodities will not rise (post GST)", the Commerce and Industries Minister said here.

Sitharaman was speaking to reporters at the sidelines of a conference organised on Goods and Service Tax for traders.

Explaining about the tax structure under GST, she said "I am answering those who raise queries whether there will be an increase in price of essential commodities post GST".

Sitharaman was speaking to reporters at the sidelines of a conference organised on Goods and Service Tax for traders.

Explaining about the tax structure under GST, she said "I am answering those who raise queries whether there will be an increase in price of essential commodities post GST".

On the conferences conducted for the benefit of traders' community, she said, in every conference an official equal to the rank of Central Excise Commissioner takes part to address the queries raised by the traders.

"Over the last few days, conferences were conducted in Coimbatore, Tiruppur and Tiruchirappalli", she said.

"We are answering queries raised on GST. Apart from that for questions that are frequently asked, answers are already available in the internet. in the internet. The e-mail addresses of government officials are also shared for the benefit of traders during such conferences", she said.

Noting that the traders can also get trained at various offices of Chartered Accountants, she said the Government also conducts conferences on GST in partnership with various Chambers of Commerce.

"Those officials who had undergone training on GST are also appointed in every district (of the State) for the benefit of traders", she said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions