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Articles by Nagesh Bajaj

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Ups and downs in GST

  Nagesh Bajaj    07 November 2011 at 12:07

In our previous article we had discussed about the issues which are coming in the way of the rolling on the GST. Among these issues, the major one is the Veto Power. The earlier draft was rejected by the states in the meeting of the

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Posted in GST  3 comments |   8592 Views


IT Infrastructure - A Priority for GST

  Nagesh Bajaj    31 October 2011 at 11:07

The Centre and States recently arrived at a broad consensus on rolling out independent India's biggest tax reforms that will simplify the manner in which corporates, small enterprises and traders will be levied taxes on goods and services. But t

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Posted in GST  1 comments |   14511 Views


A Step Closer to Goods and Service Tax

  Nagesh Bajaj    24 October 2011 at 16:14

The central and state governments moved closer to ushering in a nationwide goods and services tax on April 1, 2011, that will simplify the manner in which corporates, small enterprises and traders will be levied taxes on goods and services. The re

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Posted in Service Tax |   8370 Views


Challenges of GST

  Nagesh Bajaj    19 October 2011 at 15:27

The actual challenge before the Finance Minister is not of drafting a model GST but of its proper implementation and smooth transition from the prevailing system. The challenges which the Government has to face in introducing GST are as follows:

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Posted in GST  3 comments |   22164 Views


Goods and Services Tax (Malaysia)

  Nagesh Bajaj    08 October 2011 at 13:27

Goods and Services Tax in Malaysia may be implemented by the Malaysian Government somewhere in the third Quarter of 2011. 4% GST will replace the current sales and service tax currently levied at rates between 5% and 10%. Companies with revenue RM

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Posted in Taxpayers |   14355 Views


IGST Model - An Innovative Idea

  Nagesh Bajaj    19 September 2011 at 18:21

The First Discussion Paper produced by the Empowered Committee of state Finance Ministers has come out with an innovative way to deal with inter-state transaction of goods and services. The forthcoming GST will be dual in nature and will be levied o

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Posted in GST |   22302 Views


GST: Delay in Implementation

  Nagesh Bajaj    12 September 2011 at 16:24

In 2006, the UPA Government announced that a comprehensive GST would be launched on 1st April, 2010 and it was

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Posted in GST  8 comments |   19179 Views


GST and its Dependency on IT Infrastructure

  Nagesh Bajaj    07 September 2011 at 12:25

IT infrastructure will be one of the basic requirements for successful implementation of Goods and Services t

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Posted in GST |   12552 Views


Tax Administration in GST Regime

  Nagesh Bajaj    02 September 2011 at 12:39

The scheme of GST should be supported by a strong tax-administration infrastructure for its optimum s

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Posted in GST  2 comments |   15885 Views


GST and Constitution

  Nagesh Bajaj    09 August 2011 at 11:37

The GST Model proposed in the First Discussion Paper produced by the Empowered committee of state finance ministers on Nov 10, 2009, will be dual in nature. It will consist of two components: CGST (Central GST) and SGST (State GST) simultaneously lev

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Posted in GST |   14235 Views