GST rollout

GST rollout from April 1 if law passed in next session: Sinha

New Delhi: Targeting April 2017 for the rollout of Goods and Services Tax, the government is betting on support from smaller regional parties to pass the national sales tax legislation in the Parliament session from next month, and expects approval for supporting laws by year-end.

Jun 13, 2016, 17:19 PM IST

GST to create a unified market, prevent tax-on-tax: FM Jaitley

The roll-out of GST will convert India into one common market, prevent tax-on-tax and make goods and services cheaper, Finance Minister Arun Jaitley said Wednesday.

Jun 01, 2016, 14:19 PM IST

Reasonably confident of GST Bill passage in monsoon session: FM Jaitley

Exuding confidence in getting the GST Bill passed in the upcoming monsoon session, Finance Minister Arun Jaitley on Monday said regional parties, including UPA allies like DMK and NCP, are all making strong noises in support of the tax legislation.

May 16, 2016, 13:04 PM IST

Structural reforms needed to put India on faster growth path

Government must focus on structural reforms to put the country on the path of faster economic growth, as the "several reforms" implemented so far may not be enough in a fast-changing world, says a new research report.

May 04, 2016, 19:06 PM IST

GST will integrate Indian economy, help attract FDI: ADB

ADB president Takehiko Nakao has pitched for roll out of the Goods and Services Tax saying that its introduction will integrate India as "truly one single economy" and help attract more foreign investments.

Mar 14, 2016, 16:20 PM IST

Govt examining stakeholders feedback on GST

Government is examining the feedback of stakeholders on business processes regarding the proposed Goods and Services Tax (GST) regime, CBEC Chairman Najib Shah said Friday.

Jan 15, 2016, 23:08 PM IST

GST certainly doable in 2016; in constant touch with Congress: FM Jaitley

GST, which seeks to simplify and harmonise the indirect tax regime across the country with a single uniform rate, has been stuck for many years in a political gridlock.

Dec 28, 2015, 17:42 PM IST

GST being delayed for 'collateral reasons': FM Jaitley

Indicating that the Goods and Services Tax (GST) Bill may not go through in the current session of Parliament, Finance Minister Arun Jaitley Saturday said the Bill was being delayed for "collateral reasons".

Dec 19, 2015, 13:36 PM IST

IMF backs early rollout of GST, says will help create jobs, boost output

Pitching for an early take-off of the Goods and Services Tax, IMF managing director Christine Lagarde Wednesday said it will help India create more jobs, increase revenue as well as promote domestic manufacturing.

Dec 16, 2015, 22:25 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

Arun Jaitley regrets delay in GST rollout

Citing slowdown in China, Finance Minister Arun Jaitley Wednesday said India has a chance to become a global manufacturing hub but regretted that Congress was not allowing GST rollout which alone could push GDP by 1 to 2 percent.

Aug 05, 2015, 22:02 PM IST

States demand full compensation for 5 years after GST rollout

States Thursday pressed for Centre compensating fully for the loss of revenue in the first five years of GST replacing their taxes, a position that may create hurdle in plans for roll out of new tax regime from next year.

Jun 04, 2015, 21:08 PM IST

GST Bill taken up in Lok Sabha, fate uncertain in Rajya Sabha

Opposition members insisted that bill be referred to the Standing Committee on Finance as it was a new bill as opposed to the one brought by the UPA government.

May 05, 2015, 19:20 PM IST

GST rollout to boost growth by 2%: Adi Godrej

The government must roll out Goods & Services Tax (GST) from next fiscal as it is likely to boost economic growth by 2 percent, Godrej Group Chairman Adi Godrej said Tuesday.

Feb 17, 2015, 18:43 PM IST

States oppose Centre's revised GST draft

States have opposed the Centre's revised GST draft, Chairman of Empowered Committee of State FMs said on Thursday.

Dec 11, 2014, 15:04 PM IST

States on board, GST to be rolled out from April 2016: Sinha

Government on Tuesday said that broad agreement has been achieved with the states on most of the issues concerning the implementation of Goods and Services Tax (GST) which is scheduled to be rolled out from April 1, 2016.

Dec 09, 2014, 15:59 PM IST

Centre-states differences persist over key aspects of GST

The Empowered Committee of state FMs, which met here Tuesday, however expressed hope that the GST could be rolled out by April 1, 2016, notwithstanding the hitches.

Nov 11, 2014, 17:54 PM IST