GST ammendment Bill tabled in LS; will be win-win situation, says Jaitley
Making a statement in the lower house, finance minister Arun Jaitley said that the government has accommodated concerns raised by the states.
Dec 19, 2014, 16:31 PM IST
GST Bill gets Cabinet nod; likely in Parliament this session
The Bill was approved by the Cabinet late Wednesday evening and it is likely to be tabled in the ongoing winter session of Parliament that concludes on December 23, sources said.
Dec 17, 2014, 21:35 PM IST
Cabinet likely to approve GST Bill Wednesday
With states on board, the Cabinet is now likely to approve the Constitutional Amendment Bill on GST Wednesday, paving the way for tabling of the the new legislation in the ongoing winter session of Parliament.
Dec 16, 2014, 22:04 PM IST
States oppose GST Bill; compensation, petro remain vexed issues
In a setback to the Centre, states Thursday rejected the draft Goods and Services Tax (GST) Bill saying it does not address their concerns, particularly on entry tax and taxation of petroleum products.
Dec 11, 2014, 16:57 PM IST
Centre to release Rs 11,000 cr CST compensation to states: FM
A day ahead of his meeting with state finance ministers, Union Finance Minister Arun Jaitley Wednesday said the government will soon release Rs 11,000 crore towards Central Sales Tax (CST) compensation, as part of consensus building for GST rollout.
Dec 10, 2014, 21:16 PM IST
Centre to include GST compensation in Constitutional Bill
The Centre has agreed to include compensation to be paid to states for GST rollout as part of the Constitutional Amendment Bill.
Nov 17, 2014, 18:13 PM IST
Fin Comm can look into GST compensation issue: Sumit Bose
The Finance Commission can be involved in the exercise of compensating states for revenue losses following implementation of the Goods and Services Tax (GST), said former Revenue Secretary Sumit Bose.
Sep 21, 2014, 20:10 PM IST
State FMs agree on Rs 10 lakh threshold for levying GST
State Finance Ministers on Wednesday pressed for lowering the threshold limit to Rs 10 lakh for imposing Goods and Service tax (GST) on entities and asked the Centre to specify GST compensation structure for five years in the Constitutional Amendment Bill.
Aug 20, 2014, 17:57 PM IST
GST to be a reality soon: FinMin
Minister of State for Finance Nirmala Sitharaman also emphasised that the NDA government has zero tolerance towards corruption and would focus on "accountability in the tax administration".
Aug 12, 2014, 22:07 PM IST
Govt to sort out compensation issues for early GST roll-out: FM
Finance Minister Arun Jaitley Thursday said the Centre would sort out compensation issues with states to ensure early roll-out of Goods and Service Tax, a new indirect tax regime that will subsume various levies.
Jul 03, 2014, 21:06 PM IST
States want GST, only some concerns to be addressed: Rather
Raising hopes of early implementation of GST, Empowered Committee Chairman and Jammu and Kashmir Finance Minister Abdul Rahim Rather Thursday said that all states are on board and only some concerns need to be addressed by the Centre.
Jul 03, 2014, 18:02 PM IST
GST implementation will help narrow fiscal deficit: CRISIL
Fiscal deficit, the gap between government's expenditure and revenue, stood at 4.5 percent in FY14, lower than 4.9 percent in FY13.
Jun 23, 2014, 17:32 PM IST
