The Uttar Pradesh cabinet has approved the GST Bill on Tuesday even before introducing it in the approaching assembly session with an aim to roll out the new tax regime from July 1. The decision was taken at the fifth cabinet meeting of the state government. The meeting was presided[Read More…]
Tag: GST bill
Finance Minister Arun Jaitley introduces four GST bills in Lok Sabha
Finance Minister Arun Jaitley on Monday introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 per cent, an anti- profiteering authority and arrests for evading taxes. With this, rollout of GST – the biggest tax reform since independence – has[Read More…]
GST Bills to be introduced in Parl next week: FM
Budget 2017: Little to affect the auto industry
The Finance Minister Has Announced That Major Indirect Tax Changes Will Be Held Off Till The GST Rollout The highly anticipated 2017 Budget announcement has included little to affect either carmakers or car buyers. The reason? Since the goods and services tax (GST) will be implemented soon (expected from the[Read More…]
GST Council hopes to break logjam between Centre, states
The eighth GST council meeting which begins on Tuesday in the national capital will be chaired by finance minister Arun Jaitley and comprise of all the state finance ministers. In its two day meeting, the council will meet representatives of six crucial sectors, including IT, telecom, banking and insurance, to[Read More…]
Amitabh Kant urges for one policy on retail biz and e-commerce
India is the only country where there are different policies for different segments of the retail business and e-commerce. Logically, there should be one policy, said Mr. Amitabh Kant, CEO, NITI Aayog. Kant was interacting with CEOs at the Valedictory Session of the sixth edition of Massmerize 2016, FICCI’s annual[Read More…]
Good news for Centre as 11 more states line up to ratify GST
At least 11 states are lining up special legislative sessions to ratify the Goods and Services Tax (GST) Bill. This is good news for the Union government, which is looking to implement the new tax regime by April 1, 2017. A minimum of 16 states need to pass GST before[Read More…]
After Rahul Gandhi, Parrikar caught napping in Parliament
Union minister Manohar Parrikar was reportedly caught sleeping in Parliament during the discussion on the Goods and Services Tax (GST) Bill on Wednesday. Given the anticipation surrounding the passage of the bill in the Rajya Sabha and the serious on-going deliberation in the Rajya Sabha, this comes as a shocker[Read More…]
‘(G)ood (S)ense (T)riumphs’, as does debate, deliberation and discussion in RS
Congress leader and former finance minister P Chidambaram spoke on behalf of the party to raise its objections to the Goods and Services Tax (GST) Bill, which was moved in the Rajya Sabha on Wednesday. Welcoming the “friendly tone” of finance minister Arun Jaitley’s introductory speech, Chidambaram hoped the bill[Read More…]
Sycophancy at its best: This MP didn’t forget his ‘Amma’ even on GST-Day
As the entire House waited with bated breath to hear what AIADMK had to say during the discussion on the Goods and Services Tax (GST) Bill—AIADMK is one of the two opposition parties contending the legislature—MP A Navaneethakrishnan rose. “It is only because of Amma that I am able to[Read More…]
![[Archives] - Tax Free Wings, by @sushmitadevmp #SanitaryNapkins](https://newsd.in/wp-content/uploads/2016/08/GST.jpg)
6 things you should know about the much debated GST bill
Ahead of the long-delayed Goods and Service Tax (GST) bill being taken up by the Rajya Sabha, the government has circulated to the MPs the amendments it has proposed in the GST bill. There has been a lot of debate over the GST; here we have simplified what the bill[Read More…]