To discuss the nitty-gritty of the Constitutional Amendment Bill CNBC-TV18‘s Shereen Bhan spoke to Haseeb Drabu, Finance Minister of Jammu And Kashmir, Satya Poddar, Partner, EY and Naushad Forbes President CII.
CNBC-TV18 learns that the government is open to hiking rates and may use indirect tax to fund spending in FY17.
Satya Poddar, Partner-Tax & Regulatory Services, EY thinks the select committee is unlikely to make any fundamental changes in the design of GST or the constitutional bill
The government has to get the approval of 29 states for the tax reform to pass through. The opposition parties are raising serious concerns on a number of clauses including levying of an additional 1 percent tax on interstate supply of goods which could have cascading effect.
The GST Bill is unlikely to go through in this session of Parliament as the stand-off between states and Centre on key issues pertaining to the Bill do not seem to be getting resolved.
Satya Poddar, senior tax partner, Ernst & Young and S Madhavan, former indirect tax leader, PwC and chairman, FICCI Task Force on GST explain on CNBC-TV18 that a firm hand by the FM and promise of compensation has held states in the GST net.
Satya Poddar, tax partner, Ernst & Young says that today's announcement for deferment of GAAR was anticipated and the deferment is good news.
Satya Poddar, tax partner at Ernst & Young, discusses taxes as part of the Budget agenda and gives his expectations for Budget 2012.
The Union Budget is just around the corner. Experts discuss taxes as part of Budget agenda 2012.
In the first step to the roll-out of the country's largest indirect tax reform, the constitutional amendment bill for Goods and Services Tax (GST) was tabled in Parliament today. Satya Poddar, Ernst & Young, discusses the impact of the move.