GST may be set at 14-16% : FINANCE MINISTER

Come 1 ST APRIL 2010..
INDIAN ECONOMY .. WHICH IS FAMOUSLY GROWING AHEAD, BREACHING ALL NEW PEAKS , NOW AWAITS FOR A COMPELLING AND ENERGETIC TURN-AROUND IN ITS TAXATION FRAMEWORK , WHICH HAS INBOUND ABILITY TO HELP GOVERNMENT OF INDIA TO ENHANCE REVENUES AND MAINTAIN THE DEMOCRATIC CONSENSUS

THE IDEA OF A UNIFORM VAT/GST ACROSS GOODS AND SERVICES BY 2010 REITERATES THE NEED FOR HARMONISATION, TO START WITH, AT THE FEDERAL LEVEL, OF THE TWO TAXES THAT OPERATE, I.E. THE CENVAT AND THE SERVICE TAX, IN TERMS OF BOTH A SINGLE RATE AS WELL AS A SINGLE TAX CODE. A HARMONISATION OF THESE TWO TAXES WOULD REMOVE THE DUALITY OF GOODS AND SERVICE TAXATION AT THE FEDERAL LEVEL.

GST may be set at 14-16% : FINANCE MINISTER

THE STORY HAS HAD MANY A TWIST & TURN,BUT IT ADDS UP TO NOTHING LESS THAN A REVOLUTION.

GST INDIA 2009 (GOODS AND SERVICES TAX IN INDIA) GSTINDIA GOODS AND SERVICE TAX INDIA 2009

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