Indirect tax regime

State FMs to meet on Nov 20 to discuss draft GST laws

 State finance ministers are scheduled to meet on November 20 to discuss the model Goods and Services (GST) Tax law as well as the integrated-GST or iGST legislation.

Oct 25, 2015, 13:10 PM IST

GST can be implemented any time in 2016: CBEC

Assuring that the revenue neutral rate would not exceed 20 percent, Krishnan said a committee is already working on the Goods and Services Tax (GST) rate structure and is expected to submit its report very shortly.

 

Oct 08, 2015, 20:52 PM IST

Govt will find out alternative ways to implement GST: Goyal

He ruled out Ordinance route for GST, saying constitutional amendments cannot be implemented by Ordinances.

Aug 14, 2015, 15:41 PM IST

GST rate at 20% good for industry, consumers: Experts

The GST rate of 20 percent, as suggested by a Parliamentary Committee, would benefit the industry and will also not be a burden on consumers, experts say.

Jul 23, 2015, 15:44 PM IST

'Centre, states working to meet GST roll out deadline'

The Centre and states are taking administrative steps to meet the April 1, 2016 deadline for roll out of the Goods and Services Tax (GST), Finance Ministry said Wednesday.

Jul 22, 2015, 20:00 PM IST

Congress to file dissent, as Parl panel readies report on GST bill

The Committee, headed by Bhupender Yadav, is likely to finalise its report in the next meeting on Monday.

Jul 17, 2015, 18:56 PM IST

FinMin sets up two panels for roll out of GST from April 2016

Gearing up to roll out GST from April 1, 2016, the Finance Ministry on Wednesday set up two committees to suggest tax rates and look into IT preparedness for the new indirect tax regime.

Jun 17, 2015, 19:31 PM IST

Two day meet of Empowered Committee on GST begins

GST, the new indirect tax regime, is scheduled to be rolled out across the country on April 1, 2016.

May 07, 2015, 13:37 PM IST

GST possible in 2016, but Rajya Sabha nod holds key: Experts

The passage of the Constitution Amendment Bill in the Lok Sabha will ensure GST implementation by April 2016, but first it has to pass muster in the Rajya Sabha, experts said.

May 06, 2015, 17:43 PM IST

Lok Sabha approves GST Bill, paves way for uniform tax regime

GST, which is proposed to be implemented from April 1, 2016, will subsume excise, service tax, state VAT, entry tax, octroi and other state levies.

May 06, 2015, 16:31 PM IST

Face off likely over GST in Parliament

A face-off between the opposition and government over the Goods and Services Tax (GST) bill is likely with the Congress and some other opposition parties insisting that it be sent to the Parliamentary Standing Committee for scrutiny.

May 05, 2015, 20:48 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

Broad consensus on GST among states: FM Jaitley

Jaitley said he is optimistic about introduction of GST, which will create a nationwide unified market and remove trade barriers in the form of cascading effects of taxation, from April 1, 2016.

Apr 22, 2015, 13:12 PM IST

Govt optimistic about GST roll out from April 2016: FM Jaitley

Finance Minister Arun Jaitley on Wednesday said the government will go ahead with GST Constitutional Amendment Bill in the ongoing session of Parliament.

Apr 22, 2015, 12:51 PM IST

Broad consensus on GST; Govt to bring Constitutional Amendment Bill

There is a broad consensus on GST and a Constitutional Amendment Bill for the proposed indirect tax regime would be taken up in Parliament for consideration and passage in the next few weeks, Finance Minister Arun Jaitley said on Monday.

Apr 06, 2015, 19:31 PM IST

FM Jaitley promises to step up public funding to boost infrastructure

Finance Minister Arun Jaitley also pitched for a low interest rate regime and defended the land acquisition bill saying it would benefit the rural India by promoting industrial activity in non-urban centres.

Mar 25, 2015, 18:47 PM IST

Centre includes compensation in GST Constitutional Amendment Bill

To a written question on whether the compensation in GST has been incorporated in the Constitutional Amendment Bill, Minister of State for Finance Jayant Sinha said: "Yes".

Mar 17, 2015, 16:44 PM IST

States to get 1-year grace period for implementing GST

States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new indirect tax regime from April 2016.

Dec 30, 2014, 18:03 PM IST

All states in favour of early roll-out of GST: FM

All states are in favour of early roll-out of Goods and Service Tax (GST), Finance Minister Arun Jaitley said on Friday.

Dec 26, 2014, 18:15 PM IST

'GST implementation from April 2016 feasible'

As negotiations with states on GST enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016.

Sep 20, 2014, 16:25 PM IST