finance chiefs fail to break gst deadlock
Thursday 31 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Finance chiefs fail to break GST deadlock

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleFinance chiefs fail to break GST deadlock

finance officials fail to break GST deadlock. November 4, 2016. A labourer prepares to unload sacks of potatoes from a truck at a wholesale vegetable
New Delhi - Arab Today

Indian federal and state finance officials have failed to resolve a deadlock on who would administer a new national sales tax that Prime Narendra Modi wants to launch in April.
The long-awaited Goods and Services Tax (GST) would transform Asia’s No.3 economy into a single market, could boost revenues through better compliance and make life simpler for businesses that now pay a host of federal and state levies.
A council of federal and regional authorities agreed on Thursday the tax rates to apply to goods, but are still struggling to forge a consensus on how to collect the tax that will have federal and state elements.
Finance Minister Arun Jaitley doesn’t favor dual agencies auditing and scrutinizing each taxpayer. But states are reluctant to cede their turf.
“One of the objectives is that each assessee will have to face only one assessing officer,” Jaitley told reporters after meeting his state counterparts. 
“Functionally, you can’t have two competing assessing officers.”
Jaitley said he will meet state finance ministers again informally on Nov. 20 to try and resolve the issue. Both federal and state governments now levy and collect taxes on goods. However, taxes on services come under the exclusive jurisdiction of the federal government.

Source: Arab News

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

finance chiefs fail to break gst deadlock finance chiefs fail to break gst deadlock

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 21:43 2017 Thursday ,09 February

Al Attiyah left Tunisia to Genève

GMT 16:58 2015 Friday ,09 October

Folau to face Wales in World Cup crunch game

GMT 12:41 2017 Wednesday ,06 September

Chile's Easter Island declares huge marine protection zone

GMT 09:35 2017 Thursday ,24 August

ExxonMobil misled public on climate for decades

GMT 17:07 2017 Monday ,27 March

Nissan car recall to affect 1,000 cars in UAE

GMT 12:12 2011 Monday ,06 June

Yemen Olympic qualifier moved to Australia

GMT 10:07 2017 Wednesday ,15 November

Woman Gives Birth to Rare Quintuplets

GMT 09:19 2017 Monday ,18 December

China shivers as shift from coal to gas sputters

GMT 08:20 2017 Monday ,11 December

Major recall of Lactalis baby milk

GMT 09:30 2012 Thursday ,31 May

AOU to open new campus in Riyadh
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle