Keyword : GST

Good and services tax bill introduced in LS, Cong walks out

With an aim to roll it out from next April, finance minister Arun Jaitley on Friday moved the constitution amendment bill for the implementation of the goods and services tax (GST) in the Lok Sabha

GST bill goes to Rajya Sabha panel after LS okay

The GST Bill has been referred to Select Committee of Rajya Sabha. It will be headed by Bhupendra Yadav. The report of the committee will be placed before house on last day of first week of next se

Getting India GST ready

The legislation on goods and services tax (GST), when ratified by the upper house of parliament, will make lives of 65 lakh traders, manufacturers and service providers easier. The new indirect tax

Morning briefing: Arvind Kejriwal hails Amir Khan`s remark on `intolerance`

Shortly after Bollywood superstar Aamir Khan on Monday said that violence in the name of religion is condemnable, Chief Minister Arvind Kejriwal came out in support of him for speaking out against

Evening digest: Venkaiah Naidu bats for women`s quota bill, uniform civil code

Union parliamentary affairs minister M Venkaiah Naidu on Friday said political parties must reach a conclusion on the long-pending women`s reservation bill and attacked the Congress over the allege

Morning briefing: Government agrees to some demands put forward by Congress on GST

In what could possibly thaw the ice between the Centre and Opposition, Prime Minister Narendra Modi on Friday evening met Congress president Sonia Gandhi and former prime minister Manmohan Singh to

Morning brieifing: Govt committee suggests GST rate of 17-18 per cent

A key government committee has suggested a standard goods and services tax (GST) rate of 17-18%, increasing chances of a consensus on the key reform so that the constitutional amendment that it ent

What ails investment

The growth rate of GDP in the country was 7% during the second quarter of 2015, lower than the 7.5% growth recorded in the preceding quarter. It was also lower than government estimation of 7.4% in

GST bill passed: India looks set for its biggest ever tax reform

The Rajya Sabha on Thursday passed The Constitution (122nd Amendment) Bill, 2014 (GST), ending years of political wrangling and raucousness.  GST is ess

The flawed premises of GST

The 122nd Constitutional Amendment (GST) Bill 2014, cleared on August 4 in the Rajya Sabha subsumes all other indirect taxes at the central and state levels to create one single tax – the goo

Government wants to roll out GST by April 1, 2017: Jaitley

Finance Minister Arun Jaitley on Friday said that the government is working on a target date of April 1, 2017 for the roll out of the Goods and Services Tax (GST) in the country. He

FM hints at DBT-like component in GST too

We had two parallel exercises in the government for the last 30-40 years. Every time we had a discussion on economic policy or budget there always was discussion on rationalisation of subsidies. An

GST: Achhe din for retail sector

The Goods and Services Tax (GST) will be a game-changing reform for the Indian economy, creating a common market and reducing the cascading effects of tax on the cost of goods and services. It will

Foreign exchange realization information to be shared

The Goods and Services Network(GSTN) has signed a Memorandum of Understanding with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realisation and Import Export code data,

GST bill to be discussed in winter session of parliament

 The Central Goods and Services Tax Bill, 2016, which facilitates levy of tax on intra-state supply of goods or services, and the Integrated Goods and Services Tax Bill, 2016 that facilitates

Aspirational India put up with historic decisions: Jaitley

Finance Minister Arun Jaitley today linked the near lack of public resistance to the Narendra Modi government’s move to ban currency of high denomination to the “aspirational Indians&rd

GST a bold new experiment in governance: Economic Survey

The Goods and Services Tax (GST) will create a common Indian market, improve tax compliance and governance, and boost investment and growth; it is also a bold new experiment in the governance of In

Status check: President’s 2016 address to parliament

President Pranab Mukherjee addressed parliament on February 23, 2016. In his address, he outlined the major policy priorities of the government across different sectors. PRS legislative research ha

Cabinet approves four GST related bills

The cabinet on Monday approved four Good and Services Tax (GST) related bills. The four GST related bills are:   The Central Goods and Services Tax Bil

One country, one tax from July 1

 After an intense seven-hour-long debate in the Lok Sabha, the cabinet gave a nod to the Goods and Services Tax (GST) Bill. A green signal has also been given to the four crucial supplementary

Is runaway taxation stifling the Indian economy?

An archetypal Indian, let us call him Ram Lal, pays water tax, municipal tax, road tax, house tax, sales tax, central sales tax, professional tax, value added tax, octroi,  service tax

GST likely to strengthen cooperative federalism: RBI

The Goods and Services Tax (GST) is likely to strengthen cooperative federalism and have far-reaching implications for growth, inflation, public finances and external competitiveness in the India

Indirect taxes must equal direct taxes: Expert

 “Out of the total taxes collected in the country, 65% is collected as indirect taxes and only 35% are direct taxes. This ratio is completely opposite to the taxation in developed world

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other

Furniture traders protest against GST

More than 300 furniture traders, manufacturers and shop owners took to the streets of Kirti Nagar in the national capital on Wednesday, to protest against the government’s move to levy 28% GS

Recalling a time when BJP opposed GST

The Bharatiya Janata Party is today going to town over the Goods and Services Tax (GST). But, there was a time in the recent past when the party opposed it tooth and nail, with the Gujarat govern

Here’s why GST is expected to be a game changer

The Goods and Services Tax (GST) is expected to be a game changer.   According to the

At midnight, India got its biggest tax reform

At the stroke of midnight hour, India got converted into one seamless market, with multiple taxes being replaced with singular Goods and Service Tax (GST).   GST was

Tax burden crushes Tamil film industry

Ivan Thanthiran, a medium budget Tamil movie that was released on June 30, had a good opening at the Chennai box office. The film is estimated to have collected Rs 1.5 crore in its first three days

Here’s how GST has been simplified

Goods and Services Tax (GST) has been simplified for small businesses and exporters. Here are the key changes that were introduced following a GST council meeting that was chaired by

Too little, too late: Congress on GST changes

The Congress has criticised the changes made in the Goods and Services Tax (GST), say

Demonetisation, GST caused setback to economy: World Bank

Disruptions from demonetisation and events surrounding the implementation of GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable, said a Wo

Slowdown effect of demonetisation, GST more or less played out: Jaitley

There is clear evidence now that slowdown effect of demonetisation and GST has now more or less played it out, said finance minister Arun Jaitley Participating in an interactive semi

With GST, a new business culture is developing: Modi

After GST, dozens of different types of indirect taxes in the country have been abolished. Many hidden taxes have also gone away. Now, the consumer knows how much tax he has paid to the state gover

National anti-profiteering authority to be set up

The cabinet on Thursday approved the establishment of the National Anti-profiteering Authority under GST. The cabinet chaired by prime minister Narendra Modi has given its approval f

Indian corporates to see improved credit profiles in 2018: Moody`s

Indian corporates will see improved credit profiles in 2018 on solid economic and EBITDA growth, while their cross-border bond maturities for the next three years are manageable, says Moody`s Inves



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