A two-day meeting of state finance ministers' empowered
committee will be held at Bhopal from January 9. The
meeting will discuss issues related to finance and
taxes.
During the inaugural day session, discussions will be
held in context of recommendations made by the committee
comprising principal secretaries, secretaries and
commercial taxes commissioners regarding a concept-paper
of negative list of services. Discussions will also be
held on the CST (compensation of profession tax) status,
VAT and non-VAT revenues and other related matters.
On January 10, presentations will be made by various states on
best IT practices. Besides, composition and compounding schemes, audit procedure
followed by various states, status of e-return and other issues will also come
up for discussions.
Experts are also likely to discuss many other important issues on the occasion.
