Just a moment...

⚠✕
❮ Top
☎ Help
Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Search →

Powered by Weblekha - Building Scalable Websites

☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Search : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Search ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post an Article
Post a New Article ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Co Author :

In case of Co-Author, You may provide Username as per TMI records

Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Articles

Back

All Articles

Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
Sort By:
Relevance Date
PrevPreviousNextNext

GST-Part A-First Discussion Paper

Deepak Aggarwal
Goods and Services Tax framework proposes a roadmap, institutional mechanisms, and a four-part discussion structure for implementation. Goods and Services Tax implementation is framed as a staged reform with intergovernmental working groups producing iterative reports and consultations to design a consolidated indirect tax regime. The First Discussion Paper presents a four-part structure: assessment of VAT shortcomings and transition needs; procedural preparations; detailed GST architecture including fiscal and compensation considerations for subnational units; and an FAQ clarifying operational and policy aspects. (AI Summary)

GST……Goods and Services Tax

Part-A

First Discussion Paper on GST

  • GST comes in picture when in Central Budget 2007-08, Union Finance Minister made an announcement that GST will be introduced from 1st April, 2008.
  • The task given to Empowered Committee of State Finance Ministers to make a road map for GST in consultation with Central Government.
  • The Empowered Committee decided to setup a Joint Working Group in May, 2007.
  • The Joint Working Group submits its report on GST in Nov.2007.
  • The report submitted by Joint Working Group was discussed in detail and a final version of the views on GST of Empowered Committee was sent to the Government of India in April, 2008.
  • The comments of Government of India on the same is received and duly considered by Empowered Committee in Dec.2008.
  • A Committee was formed to consider the comments of Government of India.
  • The Committee submitted its views on the same and was accepted in principle by the Empowered Committee in Jan, 2009.
  • A Working Group was formed to submit their recommendations in detail on the structure of GST in close association with the Government of India.
  • A discussion was made in between Union Finance Minister and the Empowered Committee on compensation for loss of the states on account of phasing out of CST in Oct.2009.
  • The Empowered Committee after taking recommendations of Working group and other related matters, presents a detailed view on structure of GST finally.
  • This detailed view on structure of GST was presented in the form of First Discussion Paper in Nov. 2009.
  • The First Discussion Paper has four segments.
  • First Segment explains a brief reference to the process of introduction of VAT and also areas where needs improvements
  • Second Segment explains the process of preparation for GST.
  • Third Segment explains in detail the comprehensive structure of the GST model.
  • Fourth Segment has FAQ on GST.
Goods and Services Tax - GST
answers
Sort by
+ Add A New Reply
Hide
+ Add A New Reply
Hide
Recent Articles