1133 Cr outlay for MMP on commercial taxes -Governance Now

1133 Cr outlay for MMP on commercial taxes

Centre to fund 800 Cr for computerization of commercial taxes

Samir Sachdeva | February 26, 2010

Centre has approved a mission mode project (MMP) for computerization of commercial taxes in states with an outlay of Rs.1133 crore of which the centre's share is Rs.800 crore. This was stated by union finance minister Pranab Mukherjee in his budget speech, today.

The project will lay the foundation for the launch of GST across the country. The MMP will facilitate the indirect tax administrations at the centre and the states through revamp of internal work processes based on the use of information technology.

“The computerization will facilitate the roll-out of GST by April 2011”, the finance minister said in his budget speech.

Minister also said that another project aimed at greater transparency in tax administration called ACES - automation of central excise & service tax, has already been rolled out throughout the country this year.

Comments

Other News

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said: