Tag: GST
GST has to be introduced on a trial basis for two months: Chidambaram
Former union finance minister P. Chidambaram who was recently in Kolkata, just before the launch of his book ‘Fearless in Opposition: Power and Accountability,’ said that the government should not rush GST through. “According to me there are things that have to be done,” Chidambaram told the Telegraph. When asked[Read More…]
GST: Council clears State, Union territory laws
With the Goods and Service Tax (GST) Council on Thursday approving the remaining two draft bills — UT-GST (Union Territory GST) and S-GST (State GST), all the five enabling draft bills stand approved to enable a likely roll out of the new indirect tax regime by July 1. The panel,[Read More…]
GST council meet today: May clear key legislations
The GST council may approve two vital legislations at its meeting on Thursday including the state GST (SGST) and the union territory GST (UTGST) bills. It will give a push to the government’s determinations to crush the ambitious indirect tax reform from July 1. The government is also expected to[Read More…]
Budget session of Parliament resumes
Online petition to FM Arun Jaitley for removing taxes on sanitary napkins
An online petition was directed to finance minister Arun Jaitley for removing taxes on sanitary napkins on change.org on the occasion of women’s day. As India is all set to implement the GST, the move has brought to the forefront a long awaiting demand of various activists and organisations to[Read More…]
Headlines for March 5
GST on track, to be implemented from July 1: Arun Jaitley
Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST), the new indirect tax regime, was on track and 1 July was going to be its likely date of implementation. “It (GST) looks on track. Subject to Parliament approval, it looks like the possible date of implementation[Read More…]
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…]
Budget 2017: Service tax may increase to 18%
Centre, states end GST logjam, but likely to rollout in July
The Centre and states finally managed to break the logjam after months of tough negotiating on two critical issues concerning the goods and services tax (GST) and ended up pushing the rollout date from April to July. Notably, both sides decided to cede some space to draw an agreement that[Read More…]
Remonetisation won’t take long, RBI will complete it soon: Jaitley
Union Finance minister Arun Jaitley on Saturday said that the Reserve Bank of India will soon complete the process of remonetisation by injecting enough money through the banking and postal system in line with the objective of reducing use of cash currency in the economy. Speaking at the annual general[Read More…]
GST, banks, infrastructure top priorities for India: Arun Jaitley
India will press ahead with tax reforms, repairing the banking system and getting stalled infrastructure projects moving to drive growth, Finance Minister Arun Jaitley said on Wednesday, but it is not yet ready to sell off its state banks. Asked what his top economic policy priorities were, Jaitley said he[Read More…]
‘It’s been fantastic’; Raghuram Rajan bids adieu to the RBI
Reserve Bank of India governor Raghuram Rajan on Tuesday described the experience as fantastic, saying he is leaving the office knowing the central bank did something. While addressing the media following his last monetary policy meeting, Rajan said he enjoyed every minute of his tenure and hopes he has added[Read More…]
So, what next for the Goods and Services Tax Bill?
Getting the Constitution (122nd Amendment) Bill, 2014, through the Rajya Sabha for the introduction of the Goods and Services Tax (GST) Bill was a big step for the NDA government. However, the journey does not end here. Following the unanimous vote for the indirect tax, the bill will be sent[Read More…]
GST, Kashmir and Arunachal to ensure a stormy Monsoon Session
The Monsoon session of parliament which began today, will see government push for the GST bill. On Sunday, in the wake of the session, Prime Minister Narendra Modi held an all-party meeting asking party men to keep “national interest” in mind and not worry about the credit. On one hand[Read More…]