GST deadlock: Crucial meeting of state FMs with Arun Jaitley begins, breakthrough likely
The meeting on June 14 and 15 will discuss the model GST law, which will be adopted by the Centre and all states.
Jun 14, 2016, 12:37 PM IST
Government unearths indirect tax evasion of Rs 50,000 crore in 2 years
As much as Rs 50,000 crore of indirect tax evasion and another Rs 21,000 crore of undisclosed income has been unearthed by the government in the last two years.
May 10, 2016, 14:18 PM IST
Spurt in indirect tax mop up to help govt meet FY16 target
After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.
Feb 10, 2016, 13:27 PM IST
Indirect tax mop-up paces up, grows 36% during Apr-Oct 2015
In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.
Nov 10, 2015, 00:12 AM IST
36.5% rise in indirect tax receipts a huge positive: Jaitley
The 36.5 percent rise in indirect tax collections "looks bigger because of certain additional revenue measures which we took since November last year", Jaitley said.
Nov 04, 2015, 15:37 PM IST
Report on uniform GST rate by month end
The government panel set up to suggest a uniform rate of indirect tax under the GST regime will submit its report by this month-end and the roll out of the reform measure is possible any time next fiscal, a senior CBEC official said Wednesday.
Sep 16, 2015, 14:51 PM IST
Present indirect taxation system complete mess: Arun Jaitley
Union Finance Minister Arun Jaitley Thursday said the present indirect taxation system is in a "complete mess" and sought support of political parties and state governments for implementation of Goods and Service Tax reform.
Sep 11, 2015, 00:02 AM IST
Very optimistic on passage of GST, other bills: Sitharaman
Government on Friday said it is 'very optimistic' of getting the much stalled reform bills like GST passed in Parliament despite strident disruptions by the Congress seen in the just ended Monsoon Session.
Aug 14, 2015, 17:28 PM IST
Government introduces GST Bill in Rajya Sabha amid ruckus
Amid ruckus by opposition members in the Rajya Sabha, Finance Minister Arun Jaitley on Tuesday introduced a constitutional amendment bill to enable implementation of goods and services tax (GST) in the country.
Aug 11, 2015, 16:10 PM IST
Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul
Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.
Aug 11, 2015, 16:01 PM IST
GST Bill: 10 Key facts you should know
GST is expected to streamline the taxation system and cut down multiplicity of compliance and cascading effect of taxes.
Aug 11, 2015, 09:31 AM IST
Govt clears GST amendments, states to be compensated for 5 years
The Cabinet decided that the modalities for levy of 1 percent tax over and above the GST rate by states as well as the 'band' rate would be finalised while framing the rules, sources said.
Jul 29, 2015, 20:55 PM IST
Cabinet approves amendments to GST Bill
The Union Cabinet on Wednesday approved amendments as proposed by Rajya Sabha Select Panel on GST Constitution Amendment Bill.
Jul 29, 2015, 20:27 PM IST
Microsoft, TCS, Infosys and others bid for building GST Network
Five IT companies, including Microsoft, TCS and Infosys, have bid for building the GST network across the country for smooth roll out of the new indirect tax regime.
Jul 17, 2015, 19:25 PM IST
Indirect tax collections pace up, grow 37.5% in April-June
IIP data showed that the growth in factory output in the first two months of the fiscal was 3 percent as against 4.6 percent in April-May of 2014-15.
Jul 11, 2015, 10:58 AM IST
Indian businesses turn sceptical on PM Modi's landmark tax reform
Companies are equally worried that the reform does not extend to real estate, one of the biggest revenue generators for the states, leaving them still subject to state taxes on plant and property, possibly including machinery.
Jul 02, 2015, 09:27 AM IST
Spurt in indirect taxes indicates economic recovery: CEA
The Finance Ministry Thursday said the spurt in indirect tax collections this fiscal was an indication of economic recovery though there was some need for caution as these were only early indications.
Jun 11, 2015, 20:04 PM IST
Indirect tax collections up 46.2% in April
Led by over two-fold surge in excise duty collections, indirect tax revenue jumped 46.2 percent to Rs 47,747 crore in April this year compared to the same month last year.
May 12, 2015, 20:31 PM IST
GST Bill: 10 key facts you should know
The GST subsumes various central indirect taxes including the Central Excise Duty, Countervailing Duty, Service Tax, etc. It also subsumes state value added tax, octroi and entry tax, luxury tax, etc.
May 06, 2015, 18:28 PM IST
GST: State FMs to meet on May 7 in Kerala
A consensus would be built among states for implementation of the Goods and Services Tax by April 2016 as there is no "obstinate opposition" from any state, said K M Mani, the newly selected Chairman of the Empowered Committee of State Finance Ministers.
Apr 10, 2015, 18:05 PM IST
