Goods and Service Tax

Big Story Big Debate: GST Final Battle

The political deadlock on GST has reached a final stage.

Dec 07, 2015, 23:06 PM IST

CEA Arvind Subramanian defends GST rates, quells fears on 'sin' tax

Chief Economic Advisor Arvind Subramanian Monday defended a three-rate structure for GST, including a demerit or 'sin' tax of 40 percent on products like tobacco and luxury cars, saying the recommendation is based on the current tax structure.

Dec 07, 2015, 22:14 PM IST

GST will be a game changer: Arun Jaitley

Finance Minister Arun Jaitley said on Tuesday that Goods and Services Tax Bill (GST) is the need of the hour and would be a game changer once it gets parliament`s nod.

Dec 01, 2015, 22:46 PM IST

Government likely to opt for more than one GST rate: Report

In a desperate move to bring the Congress on board and pass the Goods and Service Tax (GST) Bill in the Parliament, the BJP-led government may opt for more than one GST rate.

Nov 30, 2015, 10:16 AM IST

Govt optimistic as Congress supports GST in principle

The government on Saturday expressed confidence over the ending of the impasse over the Goods and Service Tax (GST) Bill and said that the meeting between Prime Minister Narendra Modi and the Congress top brass had been a positive one, indicating that the bill could be thrashed out in the next round of discussions in the Parliament.

 

Nov 28, 2015, 14:27 PM IST

GST deadlock: No breakthrough in PM Modi-Congress meet, more talks soon

Prime Minister Narendra Modi on Friday met his predecessor Manmohan Singh and Congress president Sonia Gandhi to discuss the contentious Goods and Services Tax (GST) bill and though no breakthrough was achieved, they agreed to meet again to break the deadlock.

Nov 28, 2015, 09:50 AM IST

Govt hopeful of GST bill passage in ongoing Parliament session

Government is hopeful of passage of the GST bill in the winter session of parliament claiming 30 of the 32 parties have supported it.

Nov 26, 2015, 19:47 PM IST

Antim Baazi: Chances of passing the GST Bill

As the Parliamentary Winter session has commenced the topic of GST Bill will be discussed in the assembly soon. So check out this segment to know more.

Nov 26, 2015, 18:39 PM IST

GST key reform for creating single market in India: World Bank

The proposed GST law is the most important reform towards creating a single market in India and if it is implemented by April 2016 then its impact will be visible by 2018, the World Bank said Wednesday.

Oct 28, 2015, 19:38 PM IST

'Sin tax' for alcohol, tobacco industries in GST regime

Alcohol and tobacco industries will have to pay more taxes towards an additional 'sin tax' under the proposed GST structure that seeks to bring in a uniform indirect tax regime across the country.

Oct 25, 2015, 20:09 PM IST

Centre circulates model GST laws among states

Getting ready to roll out Goods and Service Tax in 2016, the Central and State governments have agreed on the draft model Goods and Services Tax law, which is expected to be put up in public domain by early November.
 

Oct 12, 2015, 12:10 PM IST

ICSI working on a plan to offer course on GST

The Institute of Company Secretaries of India has plans to develop a course on GST to pave the way for smoother understanding of the indirect tax regime.
 

Oct 11, 2015, 14:54 PM IST

Problem of black money can be tackled by rationalising taxes: Jaitely

 Rationalisation in the rate of taxes and more people coming under the net of banking will help in curbing the menace of black money, said Finance Minister Arun Jaitley

Oct 06, 2015, 11:22 AM IST

Infosys bags Rs 1,320 cr contract to build GST Network

IT major Infosys has bagged a Rs 1,320-crore contract to build GST Network system, which will be used for the roll out of proposed Goods and Services Tax in the country.

Sep 21, 2015, 22:49 PM IST

Hope "good sense" prevails on Cong over GST Bill: Sitharaman

The Centre, which was forced to back track on land bill issue, today expressed confidence that its key reform measure GST will not meet the same fate hoping "good sense" prevails on the main Opposition party Congress on the issue.

Aug 31, 2015, 22:53 PM IST

Textiles Ministry pushes for lowest GST slab for industry

The textiles ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has made a pitch for the same to the Finance Minister.

Aug 26, 2015, 23:04 PM IST

Arun Jaitley stands firm, says GST Bill will soon see light of day

Finance Minister Arun Jaitley Monday said the Constitution Amendment Bill to roll out Goods and Services Tax will soon see the light of day and the Revenue Department is getting ready with three Bills to ensure its implementation.

Aug 24, 2015, 21:57 PM IST

GST rate to be 'as reasonable as possible': Govt

"Effort of government is to make tax rate reasonable, as reasonable as possible. High tax rate do not achieve the objective of GST," Revenue Secretary Shaktikanta Das said at an Assocham event here.

Aug 20, 2015, 19:14 PM IST

Use postponement period to fix transitional probs: Shome on GST

Former chairman of Tax Administrative Reforms Commission Parthasarathi Shome Monday said government should utilise the postponement period to fix transitional issues relating to Goods and Service Tax (GST).

Aug 17, 2015, 22:45 PM IST

In run-up to GST, FinMin rechristens Service Tax directorate

Even as the Modi government is yet to cross the Parliamentary hurdle before it can roll out a uniform tax regime, it has rechristened Mumbai-based Directorate General of Service Tax as Directorate General of Goods and Service Tax (DGGST), and shifted it to Delhi.

Aug 16, 2015, 19:41 PM IST