Bjp Lk Gallu Southern States Ni Munchetattu Unnaru - Gst

[ParmQ]

NEW DELHI: Finance Minister Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) that his ministry officials said is as close as it has ever been. The Modi government wants to ensure this key element of its economic reforms agenda can be put in place by April 1, 2016, as part of efforts to speed up growth.

The fiscal room created by the crash in crude oil prices has given Jaitley space to walk the extra mile in his bid to assure states they will not lose any revenue once the single levy is imposed, replacing a plethora of indirect taxes imposed by the Centre and states.

"Most states are on board. Just a couple have concerns and the minister will address those in meetings over Monday and Tuesday," a senior finance ministry official told ET.

 

With crude down to $60 per barrel, the finance ministry will make a big saving in fuel subsidies that were pegged at Rs 63,427 crore in FY14. These savings could be used to compensate states once the tax is rolled out.

The reform measure, which could add as much two percentage points to the country's GDP growth according to some estimates, has been stuck for almost five years because of the reluctance of states that fear losing both revenue and fiscal powers. The original rollout date was April 1, 2010.

The government is resolved to build a consensus on this measure by accommodating concerns of states but won't let recalcitrance of a handful — in case there are any holdouts, particularly over political considerations — derail process. "All states would benefit from GST," said another government official. "We have been discussing it for so many years... The empowered committee has also discussed it and formulated some views that are being taken on board."

The Centre is proposing to keep petroleum and entry tax within the ambit of the proposed levy, as it is keen to have a comprehensive GST. States have been demanding control over these levies. The finance minister will reiterate his assurance that states will be adequately compensated for the tax revenues they will lose to get them to drop their remaining objections.

Tax experts endorsed the urgency shown by the Centre after states raised the usual objections at the meeting of the empowered committee of state finance ministers last week.

"It is imperative that the constitutional amendment Bill is introduced in Parliament in this session to remove the uncertainty and (for) the focus to shift to creating law and procedures for an efficient and painless GST," said Bipin Sapra, partner, EY, referring to the legislation that needs to be approved for the GST process to move toward becoming reality.

Jaitley took a tough stand on the persistent delay over the same reasons as before at his meeting with state finance ministers last week. A smaller group was formed to help resolve the deadlock — Jaitley holding discussions with the head of the empowered committee, J&K Finance Minister Abdul Rahim Rather, along with his counterparts from Punjab and Gujarat.

This group made substantial progress on the issues. "We have made headway," Rather said after the meeting. Officials said most states are on board, including Karnataka and Kerala.

The constitutional amendment Bill will provide the legal framework for rolling out the levy, giving states power to tax both goods and services. As of now only the central government can impose service tax.

The amendment Bill will also create a GST council, a body that will have representatives of the states and the Centre that will take decisions on the tax after it is rolled out.

Prashant Deshpande, senior director, Deloitte, is circumspect in his expectations about the levy's introduction. "The first step is always a difficult step and putting in place a constitutional framework for the GST structure was that first step. But until then it is difficult to believe that India will walk the path of this all-important fiscal reform any time soon," he said.

 

 

 

 

 

[ParmQ]

NEW DELHI: Aimed at creating a single tax for goods and services across the country, government today introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.

Touted as the single biggest indirect taxation reforms since independence and a "win-win" for Centre and states, the 122nd Constitution Amendment Bill for Goods and Services Tax (GST) was tabled by Finance Minister Arun Jaitley after  ..

Read more at:
http://economictimes.indiatimes.com/articleshow/45575883.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[ParmQ]

Brief ga cheppali ante, ee GST kindha common tax untundhi. State tax undadhu. Already Southern states ippudu centre ki contribute chese taxes anni vere states divert chesthunnaru for political reasons, especially for states like UP, Bihar and other northern states. Ippudu dheeni valla Southern states ki $28 billions bokka. States CMs emaina cheyyaali anna peddhaga money undadhu state coffers lo.

[ParmQ]

Govt form chesina starting days lo Hindi compulsory ne range konchem extras chesaaru. Ippudu idhi.

[powerstar02]

lol pilla ps....apude modaletaraaaaa modi meda kudaaaaa rofl

[ParmQ]

lol pilla ps....apude modaletaraaaaa modi meda kudaaaaa rofl

 

Arey picchi fook. Matter chadhivi comment cheyyara.
 

[powerstar02]

nenu chadavanu ...chadavalsina avasaram kuda ledhu ...idhi nenu epudoo chepa ...modi ayna aa bodi ayna manaki chesedhi emundadhu anii ..pilla ps antha chincheskunaru gaaaa fb lo db lo ekada padithe akadaaaa ...basic ga meru yedavalu anduke meetho aadukuntuaru politician s lol pilla ps

[donganaaK]

Brief ga cheppali ante, ee GST kindha common tax untundhi. State tax undadhu. Already Southern states ippudu centre ki contribute chese taxes anni vere states divert chesthunnaru for political reasons, especially for states like UP, Bihar and other northern states. Ippudu dheeni valla Southern states ki $28 billions bokka. States CMs emaina cheyyaali anna peddhaga money undadhu state coffers lo.

 

actually there's more to it bro ... koncham backward unna 11 states oppukunnay , but high revenue unna anni states deny chesay , but ee bill prakaaram if all the states accept it , center will compensate for the loss in revenue ... just uthiga odileyyaru alaa .... but i guess its highly unlikely that this bill will get passed .

[ParmQ]

actually there's more to it bro ... koncham backward unna 11 states oppukunnay , but high revenue unna anni states deny chesay , but ee bill prakaaram if all the states accept it , center will compensate for the loss in revenue ... just uthiga odileyyaru alaa .... but i guess its highly unlikely that this bill will get passed .

VAT implement chesinappudu kooda ilane chepparu, bro. Compensate chestham ani. Tharuvatha biscuit, no reimbursement. Ippudu GST nundi kooda first 3 years 100%, 4th year 75% and 5th year 50% reimburse chestham annaaru. 5th year tharuvatha inka biscuit. Backward states oppukuntayi. North lo unde population choodu. How many are actually educated and how much they contribute. Already Southern states konchem ekkuva contribute chesthunnayi. Prathi sari Railway budget or inko budgent lo..aa Railway minister evadu unte vaadi state ki chesukune vaadu. GST implement ayyaka...repu UP lo elections ante...mottham UP ki elections mundhu icchesthaaru. Moreover, every time its north and central dominates states that are ruling. Southern states will loose$28 billions, adhi compensate chesthe okay. But I highly doubt about it. Bill pass avvataniki chances unnayi bro, just with BJP and other northern political parties.

 

[donganaaK]

VAT implement chesinappudu kooda ilane chepparu, bro. Compensate chestham ani. Tharuvatha biscuit, no reimbursement. Ippudu GST nundi kooda first 3 years 100%, 4th year 75% and 5th year 50% annaaru. 5th year tharuvatha inka biscuit. Backward states oppukuntayi. North lo unde population choodu. How many are actually educated and how much they contribute. Already Southern states konchem ekkuva contribute chesthunnayi. Prathi sari Railway budget or inko budgent lo..aa Railway minister evadu unte vaadi state ki chesukune vaadu. GST implement ayyaka...repu UP lo elections ante...mottham UP ki elections mundhu icchesthaaru. Moreover, every time its north and central dominates states that are ruling. Southern states will loose$28 billions, adhi compensate chesthe okay. But I highly doubt about it. Bill pass avvataniki chances unnayi bro, just with BJP and other northern political parties.

 

naaku maree antha detailed ga teliyadu bro ... indaka oka place lo kurchunte 1200rs bill paina almost 500-600rs tax esadu , so adi chusinappudu ee discussion vachindi and na friend okadu cheppadu ee vishayam , he knows better abt this stuff .... i asked him the same question , alaa chesthe manaki loss kadaa antey , he told me that ithe deficit will be compensated

[ParmQ]

naaku maree antha detailed ga teliyadu bro ... indaka oka place lo kurchunte 1200rs bill paina almost 500-600rs tax esadu , so adi chusinappudu ee discussion vachindi and na friend okadu cheppadu ee vishayam , he knows better abt this stuff .... i asked him the same question , alaa chesthe manaki loss kadaa antey , he told me that ithe deficit will be compensated

 

Aa 500-600 ante chala ekkuva bro.

 

Ee bill valla MH & AP will be the biggest loosers. These two states used to contribute more taxes in India. MH lo elaagu BJP undhi kabatti, they will do their best to keep the political control. AP & TG will loose more.

[donganaaK]

Aa 500-600 ante chala ekkuva bro.

 

Ee bill valla MH & AP will be the biggest loosers. These two states used to contribute more taxes in India. MH lo elaagu BJP undhi kabatti, they will do their best to keep the political control. AP & TG will loose more.

 

yeah chaala ekkuva ..anduke vachindi ee discussion ..... wt u said sounds reasonable .... but intha tax deficit teeskochi wt r they exactly planning to do ... ippudu unna system as it is ga vadilesthey loss enti ?

[maverick23]

aa UP  ne 4 states ga divide chest he better.....aa SP.....BSP influence taggudi

[vaade_veedu]

lol pilla ps....apude modaletaraaaaa modi meda kudaaaaa rofl

Agreed

[vaade_veedu]

india peru vadukodam kadu India ki contribute kooda cheyyali kada