Articles by Nagesh Bajaj

Ups and downs in GST

Posted by Nagesh Bajaj 07 November 2011 8916 Views

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

IT Infrastructure - A Priority for GST

Posted by Nagesh Bajaj 31 October 2011 14893 Views

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

A Step Closer to Goods and Service Tax

Posted by Nagesh Bajaj 24 October 2011 8670 Views

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

Challenges of GST

Posted by Nagesh Bajaj 19 October 2011 22767 Views

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:

Goods and Services Tax (Malaysia)

Posted by Nagesh Bajaj 08 October 2011 14619 Views

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

IGST Model - An Innovative Idea

Posted by Nagesh Bajaj 19 September 2011 22889 Views

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

GST: Delay in Implementation

Posted by Nagesh Bajaj 12 September 2011 19617 Views

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

GST and its Dependency on IT Infrastructure

Posted by Nagesh Bajaj 07 September 2011 13022 Views

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

Tax Administration in GST Regime

Posted by Nagesh Bajaj 02 September 2011 16285 Views

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

GST and Constitution

Posted by Nagesh Bajaj 09 August 2011 14695 Views

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