GST rollout: 'No clarity yet on tax on services a worry'
Despite the rollout date of July 1 for the Goods and Services Tax (GST) drawing closer, there is still no clarity on the tax rate for services under the new indirect tax regime, an auditor firm pointed out on Friday.
Mar 17, 2017, 18:14 PM IST
GST Council clears State GST and Union Territory GST laws: Finance Minister Arun Jaitley
Finance Minister Arun Jaitley. Watch the full segment for more details.
Mar 16, 2017, 20:47 PM IST
GST closer to July 1 rollout! Council clears all 5 laws; cess on luxury goods capped at 15%
After getting approval from the GST Council, the supporting legislations together with a GST Compensation Law, will go to the Cabinet for a formal nod before they are presented in Parliament in the ongoing Budget session that ends on April 12.
Mar 16, 2017, 18:53 PM IST
GST Council clears crucial CGST, IGST laws; rollout likely by July 1
The GST Council on Saturday fixed a 5 percent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from July 1.
Mar 04, 2017, 17:59 PM IST
GST Bill to make peak tax rate 40%, slabs intact for now
The GST levy may go up to 40 percent after the GST Council proposed raising the peak rate in the Bill to 20 percent, from the current 14 percent, to obviate the need for approaching Parliament for any change in rates in future.
Mar 02, 2017, 15:18 PM IST
GST Council approves draft Compensation Bill; to next meet in March
The GST Council, in a meeting on Saturday, cleared the law for compensating states for loss of revenue that they may incur during implementation of of Goods and Service Tax.
Feb 18, 2017, 18:34 PM IST
GST Council to finalise draft model GST law today
The GST Council is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers on Saturday.
Feb 18, 2017, 10:21 AM IST
GST Council to finalise draft model GST law on Saturday
The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.
Feb 17, 2017, 20:12 PM IST
Non-life insurance sector looks for lower GST rates
The non-life insurance industry is looking for centralised registration facility and comparatively lower rates for a smooth implementation of GST, a senior official from the sector said Wednesday.
Feb 15, 2017, 20:26 PM IST
GST Council to discuss anti-profiteering clause at February 18 meet
GST Council to discuss anti-profiteering clause at February 18 meet. Watch the full segment for more details.
Feb 14, 2017, 21:08 PM IST
GST Council to discuss anti-profiteering clause at Feb 18 meet
A critical anti-profiteering clause in the draft Goods and Services Tax law to ensure that the benefit of lower taxes gets shared with consumers is likely to be finalised at the 10th meeting of the all-powerful GST Council this weekend.
Feb 14, 2017, 18:35 PM IST
GDP may slow down if GST implemented in hurry: Tax officials to FM
Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in case their concerns are not addressed.
Jan 22, 2017, 14:10 PM IST
GST: Tax evasion up to Rs 2 crore a bailable offence
To make GST regime less onerous, the Centre and states have decided to water down the penal provisions to ensure a trader gets immediate bail if the alleged tax evasion is up to Rs 2 crore.
Jan 19, 2017, 15:35 PM IST
GST deadlock: All-powerful council headed by Jaitley to meet for ninth time today
Finance Minister Arun Jaitley will on Monday look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.
Jan 16, 2017, 08:46 AM IST
Arun Jaitley looks to end deadlock at GST meeting tomorrow
In order to ensure smooth passage of GST, Finance Minister Arun Jaitley on Monday will look forward to breaking the deadlock over power distribution between centre and states.
Jan 15, 2017, 17:58 PM IST
Jaitley looks to break deadlock at GST meeting on Monday
Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.
Jan 15, 2017, 14:01 PM IST
FM Jaitley hopeful of resolving issues to roll out GST from Apr 1
Finance Minister Arun Jaitley on Wednesday reiterated that the Centre is still aiming to roll out the Goods and Services Tax (GST) regime from April 1 if all pending issues are sorted out.
Jan 11, 2017, 14:44 PM IST
Fresh roadblocks to GST rollout: States demand tax on high sea sales, higher compensation
States on Tuesday demanded taxation rights for sales in high seas and also increasing the number of items on which cess is to be levied to compensate the states to deal with revenue loss estimated at Rs 90,000 crore post demonetisation.
Jan 03, 2017, 20:38 PM IST
GST Council to meet officials from 6 key sectors today to assess implementation hurdles
The all powerful GST Council headed by the Finance Minister will meet on Tuesday the representatives of six crucial sectors, including IT, telecom, banking and insurance, to assess the implementation hurdles under the new GST regime.
Jan 03, 2017, 08:52 AM IST
About 75% of targeted 60,000 officers trained for GST
In order to implement the new indirect tax regime, the NACEN has already trained about three-fourth of the targeted 60,000 field officials for the same.
Dec 25, 2016, 11:50 AM IST
