GST News

FM approves formation of committee for facilitating implementation of GST from 1.04.2016

18 June 2015 at 10:33

Finance Minister approves the formation of 2 Committees for facilitating implementation of Goods and Services Tax from 1.4.2016. Finance Minister has approved the formation of 2 Committees for facilitating implementation of Goods and Services Tax fr

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GST Constitutional Amendment Bill sent to Select Panel of Rajya Sabha

13 May 2015 at 15:26

Amid stiff resistance followed by walk out by the Congress Members, the Lok Sabha on May 6, 2015 had passed the much awaited Constitution (122nd Amendment) Bill, 2014 on Goods and Services Tax (�GST�) with 2/3rd majority. Being a Constitu

Posted in GST | 4 comments | 14904 Views

Lok Sabha passes the GST Constitutional Amendment Bill with 2/3 majority

06 May 2015 at 18:21

Amid stiff resistance followed by walk out by the Congress Members, the Lok Sabha today, on May 6, 2015 has passed the much awaited Constitution (122nd Amendment) Bill, 2014 on Goods and Services Tax (�GST�) with 2/3rd majority. The Hon&r

Posted in GST | 9 comments | 18405 Views

Incentivizing States Under GST Regime

06 May 2015 at 10:34

As tax rates during Goods and Services Tax (GST) regime will be closely aligned to the Revenue Neutral Rates (RNR) of the Centre and the States, the revenues of the Central and State Governments will not be impacted in the long run. To help States in

Posted in GST | 9252 Views

GST bill to be taken up next week in Parliament

29 April 2015 at 10:37

The Constitution (122 Amendment) Bill in respect of GST to be taken up in Lok Sabha next week Finance Bill to be taken up on Thursday Further to the suggestions from the Members of Lok Sabha, the Government has agreed to extend the ongoing discussio

Posted in GST | 1 comments | 12036 Views

Corporate Tax to be Reduced and GST to be Implemented

28 February 2015 at 13:30

Corporate Tax to be Reduced and GST to be Implemented; Gaar Deferred by Two Years The Finance Minister Shri Arun Jaitley said that to give a fillip to growth, investment and promotion of domestic manufacturing and ‘Make in India’, aiming

Posted in GST | 12837 Views

Most of the states to benefit from GST

23 December 2014 at 10:50

Most of the States to benefit from GST from day one; Provisions have been Made in the Constitution Amendment Bill on GST to Ensure that none of the States Lose any Revenue after the Implementation of the GST: FM The Union Finance Minister, Shri Arun

Posted in GST | 21399 Views

GST and Insurance amendment bill on the anvil

18 November 2014 at 12:05

Economic Reforms Inclduing GST and Insurance Amendment Bill are on the Anvil: FM; Calls for Large Investment from Domestic and International Investors in Infrastructure Sector The Union Finance Minister Shri Arun Jaitley said that the Government has

Posted in GST | 16317 Views

GST to be a Major Milestone for Indirect Tax Reform

09 July 2014 at 18:10

GST to be a Major Milestone for Indirect Tax Reform DTC required as a Clean Modern Replacement for existing it laws In a non-market economy, in addition to laws, taxes and subsidies are used for encouraging or discouraging activities that the central

Posted in GST | 2 comments | 14418 Views

Work on Draft GST Constitutional Amendment Bill and GST Law Expected to be taken Forward

28 February 2013 at 13:44

Rs. 9,000 Crore set Apart for the 1st Instalment of the Balance of CST Compensation to States The Finance Minister Shri P. Chidambaram presenting the Union Budget in Lok Sabha today has expressed the hope that the consensus on providing for a Go

Posted in GST | 5388 Views