GST: Govt has strategic control; no threat to tax data, says GSTN Chairman
Debunking criticism over equity structure of the company building world's biggest tax system, GST-Network Chairman Navin Kumar on Tuesday said all measures have been taken to protect sensitive tax information and the government will have strategic control over it.
Oct 25, 2016, 17:05 PM IST
GST: Revenue neutral rate structure to be finalised next month
Asserting that the government is determined to implement GST from the next fiscal, Economic Affairs Secretary Shaktikanta Das on Tuesday expressed confidence that the revenue neutral rate structure will be decided the next month.
Oct 25, 2016, 13:50 PM IST
GST impact: Oil, spices, chicken likely to be costlier; TV, AC to be cheaper
The proposed 4-tier GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken.
Oct 20, 2016, 17:13 PM IST
GST Council to meet again on November 3-4 to decide rate structure
The GST Council will meet again on November 3-4 to take decision on the Goods and Services Tax rates, which will have four slabs.
Oct 19, 2016, 18:04 PM IST
Assam starts process for providing GST registration to taxpayers
The BJP-ruled Assam, the first state to ratify the GST Amendment Bill, has started the process for providing registration to taxpayers in the new indirect tax regime that is slated to kick in from April next year.
Oct 17, 2016, 14:25 PM IST
Adoption of GST poised to boost India's medium-term growth: IMF
Asserting that India has shown that progress on reforms could "ignite" business investment, the IMF on Thursday said the adoption of goods and services tax is poised to boost the country's medium-term growth.
Oct 07, 2016, 10:06 AM IST
States start looking for consultants for GST
States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year.
Oct 05, 2016, 15:55 PM IST
Govt working on rollout of GST from next April: FM Jaitley
Government is working on a target date of April 1, 2017 for the rollout of Goods and Services Tax, and the first meeting of the GST Council was held in a "very cordial and constructive environment", Finance Minister Arun Jaitley said Friday.
Sep 30, 2016, 15:51 PM IST
GST Council to meet today to discuss rules, exemptions
GST Council at its meeting on Friday will finalise the rules regarding registration, refunds and payment and also take a view on exemption of goods under the upcoming Goods and Services Tax (GST) regime.
Sep 30, 2016, 09:50 AM IST
Cabinet approves new indirect tax network 'SAKSHAM' for GST roll out
The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.
Sep 28, 2016, 13:17 PM IST
GST Council to finalise registration, other rules on September 30
Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.
Sep 26, 2016, 22:37 PM IST
GST threshold fixed at Rs 20 lakh, rate to be decided in October
Moving on fast track to roll out the new indirect tax regime from April 1, GST Council Friday fixed annual turnover limit for exemption at Rs 20 lakh and resolved that all cesses will be subsumed in the GST.
Sep 23, 2016, 15:53 PM IST
Exemption threshold for GST fixed at Rs 20 lakh: FM Jaitley
Chairing the first meeting of the newly-constituted Goods and Services Tax (GST) Council for the second day on Friday, Finance Minister Arun Jaitley said that the exemption threshold for GST is fixed at Rs 20 lakh.
Sep 23, 2016, 14:05 PM IST
Will meet April 1 target for GST rollout: Meghwal
Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal Thursday said the government will be able to implement Goods and Services Tax (GST) from April 1, next year.
Sep 22, 2016, 15:40 PM IST
GST Council: All you need to know
The Goods and Services Tax (GST) Council is chaired by the Union Finance Minister and has Minister of State in charge of revenue and state finance ministers as members.
Sep 22, 2016, 09:54 AM IST
GST Council to hold first meeting tomorrow
The all powerful GST Council, which will decide on tax rates, exempted goods and threshold, will meet for the first time tomorrow as it races against time to iron out issues between Centre and states for rolling out the new indirect tax regime from April 1, 2017.
Sep 21, 2016, 20:08 PM IST
GST: Clarification likely on Centre's power to levy excise
The revenue department is likely to issue clarification on legality of levying excise duty by the Centre on various commodities till implementation of goods and services tax (GST) from April 1, 2017.
Sep 19, 2016, 18:50 PM IST
GST to be game changer for manufacturing, ease of doing biz: Abhishek
Implementation of the goods and services tax (GST) is bound to be a "game changer" for India's manufacturing sector and will enhance ease of doing business in the country.
Sep 16, 2016, 15:52 PM IST
Government formally notifies GST Council
Government has formally notified the GST Council, which will decide on the tax rate, exempted goods and the threshold under the new taxation regime.
Sep 16, 2016, 13:54 PM IST
GST rollout a hell of a challenge, says Infosys CEO Sikka
Describing GST rollout "a hell of a challenge", Infosys CEO Vishal Sikka on Thursday acknowledged that there are pockets of weak preparedness, but there is still time to address them before the April 2017 deadline.
Sep 15, 2016, 15:46 PM IST
