Implementation of India’s most ambitious tax reform, the goods and services tax (GST), could start on 1 April, 2010, even if all the states do not come on board, finance minister Pranab Mukherjee made a remark. Admitting that implementing GST won’t be easy, Mukherjee said the chairman of the empowered committee of state finance ministers [...]
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Centre Not to Reduce CST Ceiling this Fiscal
Posted by admin on July 14th, 2009
The Centre has no plans to bring down the ceiling rate on the Central Sales Tax (CST) from the existing two per cent to one per cent during the current fiscal. This inter-State tax is likely to be phased out in one go at the time of introduction of Goods and Services Tax (GST), which [...]
Waiver of Penalty in Certain Cases for Non-Filing of Return within Prescribed Time
Posted by admin on July 8th, 2009
Honorable Finance Minister in his Budget Speech delivered on 4th June 2009 has made an announcement regarding the waiver of penalty for non-filing of the returns within prescribed time to the certain dealers who have enrolled at the Sales Tax Departments web-site: in order to avail various e-services. The relevant part of the Budget speech is complied inside.
