Chidambaram debunks Modi govt stand on capping GST rate in statute
Know why P Chidambaram is saying Modi government GST Bill flawed....
Dec 20, 2015, 17:14 PM IST
GST rate to be below 18%, open to dropping 1% additional tax: Arun Jaitley
Assuring that the GST rate will be less than 18 percent, Finance Minister Arun Jaitley Wednesday hinted at accepting Congress' stand on scrapping one percent additional tax but said the demand for incorporating the rate in the Constitutional Bill is not agreeable.
Dec 16, 2015, 19:12 PM IST
GST logjam: Tariffs can't be cast in stone, says FM Jaitley
On the other demand of scrapping the powers to states to levy 1 percent additional tax over and above the GST rate, Jaitley said the government will talk to manufacturing states like Gujarat and Tamil Nadu, which have been demanding such a levy.
Dec 13, 2015, 06:53 AM IST
FM Arun Jaitley rules out including GST rate in Constitution Amendment Bill
On Congress demands for inclusion of a GST rate of 18 percent in Constitution Amendment Bill, Jaitley said tax rates are not mentioned in Constitution anywhere in the world.
Dec 12, 2015, 22:33 PM IST
Arun Jaitley pitches for early passage of GST Bill
The Constitution Amendment Bill to roll out Goods and Services Tax is stuck in the Rajya Sabha due to stiff opposition by the Congress party and might be delayed further because of the tough stance taken by the main opposition party over the National Herald case issue.
Dec 08, 2015, 17:48 PM IST
India moving in right direction on GST: NITI Aayog
Amid the government's resolve to push GST bill in Parliament this week, NITI Aayog Vice Chairman Arvind Panagariya today said he is hopeful about its passage and India is moving in the right direction on big ticket reforms.
Dec 07, 2015, 13:39 PM IST
Eating out, movies, air and train travel to cost more from April 1?
The cost of services is seen rising as the tax rate increases from 14% to 17-18% if GST is implemented from April 1, 2016
Dec 07, 2015, 10:42 AM IST
ASSOCHAM welcomes CEA-led committee's suggestions on GST rate
Apex industry body ASSOCHAM has welcomed the report of Chief Economic Advisor (CEA) Arvind Subramanian- led panel recommending standard GST rate of 18 percent and lower rate of 12 percent on specified goods.
Dec 05, 2015, 16:32 PM IST
Arvind Subramanian-led committee on GST for 17-18% rate, dropping of 1% additional levy
Also, the panel recommended early inclusion of alcohol and petroleum products in GST.
Dec 05, 2015, 10:47 AM IST
Ficci welcomes panel report, says GST to add 2% to GDP
Welcoming the recommendations put forth by the Arvind Subramanian panel on GST, Ficci on Friday said rollout of the tax reform will add 2 percent to India's growth and usher in efficiency and transparency in the indirect tax regime.
Dec 04, 2015, 20:34 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
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
FinMin working for a reasonable GST rate: Revenue Secy
A day after Cabinet approved incorporation of changes in the landmark GST Bill as suggested a Rajya Sabha Select panel, Finance Ministry Thursday said it is working closely on a "reasonable" GST rate.
Jul 30, 2015, 11:20 AM IST
1% tax by states over and above GST may hurt Make in India:CEA
Government needs to reconsider levy of one percent additional tax by states over and above GST rate as it could make intra-state movement of goods expensive and hurt the 'Make in India' campaign, Chief Economic Advisor Arvind Subramanian said on Tuesday.
May 26, 2015, 20:43 PM IST
GST rate will be much more diluted than 27%: FM Jaitley
Revenue Neutral Rate (RNR) is the rate at which there will be no revenue loss to the states after GST implementation.
May 06, 2015, 15:32 PM IST
Centre, states working on new GST rate: Revenue Secy
As the government gears up to roll out Goods and Services tax (GST) by April 2016, the Centre and the states are working on a new revenue neutral rate, which is currently pegged at 27 percent.
Apr 20, 2015, 18:02 PM IST
