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
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
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
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
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
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
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
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
The Rajya Sabha on Thursday passed The Constitution (122nd Amendment) Bill, 2014 (GST), ending years of political wrangling and raucousness. GST is ess
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
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
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
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
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,
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
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
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
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
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
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
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
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
“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
National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other
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
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
The Goods and Services Tax (GST) is expected to be a game changer. According to the
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
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
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
The Congress has criticised the changes made in the Goods and Services Tax (GST), say
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
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
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
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 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
As many as 99.01 taxpayers have been registered under the GST, authorities said on Wednesday. The total collection under GST for the month of December 2017 has been Rs. 80,808 crore
The telecom regulator`s decision to cut international termination charges (ITC) to 30 paise from 53 paise will hit the incumbent operators (Airtel, Idea and Vodafone) the most. At present, the annu
Cloaked in obsessive secrecy, our budget process is rooted in our colonial past. By a single document, the government tries to lay down the roadmap of the economy for the coming financial year. I
In India public sector accounts for only 30 percent of the total healthcare expenditure and investment in building and maintaining public health infrastructure needs priority in the upcoming budget
A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50 percent increase in the number of indirect taxpayers, besides a large increase in voluntary registra
Did you know that there has been a large increase in registered taxpayers, exports of readymade garments is on a high and the Indian society exhibits a strong son ‘meta’ preference? The
When finance minister Arun Jaitley rises to present the union budget 2018 in parliament on Thursday, most Indians will be hoping that he leaves them with more money in their pockets. &nbs
India’s first budget was presented by RK Shanmukham Chetty, minister of finance, on November 26, 1947. Here are the key highlights of the budget for the y
There is a minor shortfall in central government’s revenue following the implementation of GST, finance minister Arun Jaitley informed parliament. He said that at
Congress leader and former union minister Kapil Sibal feels the media, the fourth pillar of democracy, has actually dismantled itself and is in self-destruct mode. He was in a live
Minister for MSME and Road Transport and Highways Nitin Gadkari has called for the creation of a rating system for MSMEs and a Dashboard for effective monitoring of MSM
In a first of its kind case, the Nagpur zonal unit of the director general of GST intelligence DGGI) has busted a massive racket of fraudulent refunds of input tax credit (ITC) amounting to Rs 213.
Escalating tensions between Russia and Ukraine have made the Indian government worried if the market situation is conducive but it will go ahead with the upcoming initial public offering of the sta
The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (includin
The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in dom
