Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Service Tax »
Open DEMAT Account in 24 hrs
 Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs
 ITR filing: Know the new Budget 2025 rules for filing updated income tax returns
 New Income Tax Bill 2025: What are expected changes and how will they affect you?
 From tax changes to capex growth 5 key expectations from Emkay Global for Indias economy
 Income Tax Returns: What are the consequences of not verifying your ITR within 30 days
 Income Tax: Want to update your ITR? You can file an updated tax return; Here s all you need to know
 ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
 ITR Filing 2024: Which Income Tax Regime Is Better For NRIs? Check Expert Inputs Here
 ITR filing 2024: How to check income tax refund status online? A step-by-step guide
 Income Tax Return: Why should you wait till June 15 to file your ITR for FY24?
 Income Tax Return: How to access and review your Annual Information Statement before filing ITR

GST rollout date likely to be announced
December, 28th 2009

The date for rolling out the Goods and Services Tax could be announced on January 8, chairman of the empowered committee of state finance ministers Asim Dasgupta said on Friday.

There will be a joint statement after a meeting with finance minister Pranab Mukherjee on January 8 on GST rollout, Dasgupta told reporters on the sidelines of a function here. We (state finance ministers) have a two-day meeting from January 7. We will meet Mr Mukherjee before giving a statement on this, he said.

Dasguptas statement came just a day after Mr Mukherjee said the scheduled April 1 date to introduce the new tax regime may be missed due to a lack of consensus among all the 28 states.

Asked whether a consensus with all the states had been arrived at, Dasgupta did not make any comments.

He said the Centre was working and contributing, and an advance had been made which would make it possible to introduce the GST at the appropriate time.

The lack of preparedness for the new tax regime hints at a possible delay by up to a year.

Implementation of the new tax regime would require Constitutional amendments for empowering states for levy of service tax, GST on imports and others the draft bill for any of these amendments were not tabled in this session of Parliament. Now, Parliament will meet for the budget session in February when the draft bills for introduction of GST may be tabled.

The Task force of Thirteenth Finance Commission in its report on Goods and Services Tax had said: On account of lack of adequate preparedness, the implementation of the GST scheduled for 1st April, 2010 should be postponed by six months to October 1, 2010.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting