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Bill To Amend Central Goods And Services Tax Act Introduced In Lok Sabha
A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.
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Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
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GST Faces Its Biggest Challenge Yet After A Big Court Ruling
Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure
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India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
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Scrapping Retro Tax Law To Record GST Mop-Up: 2021- A Year Of Many Firsts
With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.
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GST Council Didn't Recommend To Bring Petroleum Products Under New Tax Regime
The GST Council has not recommended bringing petroleum products under the reformed taxation regime even as certain representations have been made to the government to include petrol and diesel in GST, Parliament was informed on Tuesday.
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Budget 2021 Should Focus On Providing Fillip To Affordable Housing
Budget 2021: Corporates and industry leaders expect bold economic reforms from the upcoming budget as Finance Minister Nirmala Sitharaman has already said her upcoming budget will be like never before.
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Budget 2020: GST Most Historic Reform, Says Nirmala Sitharaman
The Union Budget 2020-21 comes at a time when the economy is staring at a more than 11-year low annual expansion rate and thousands of job cuts amid weakness across sectors.
-
Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
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India's Export Hub Dream Needs New Reforms: Gita Gopinath
About regulatory issues in the country, Ms Gopinath said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown.
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Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s
An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.
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Arun Jaitley, The Ex-Finance Minister Who Gave India Its Biggest Tax Reform
Arun Jaitley, India's former finance minister who gave the nation its biggest tax reform, has died. He was 66.
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India Will Achieve 8% Growth From 2020-21: NITI Aayog Vice Chairman
NITI Aayog Vice Chairman Rajiv Kumar has voiced confidence that India will achieve economic growth of 8 per cent plus from fiscal year 2020-21 onwards as structural reforms like the GST are set to produce the benefits.
-
GST Shift "Smoothest, Politically Safe": Arun Jaitley's Review 2 Years On
Former Union Minister Arun Jaitley today said the Goods and Services Tax -- the flagship reform of the Modi 1.0 government which completes two years today -- has been both consumer and assessee friendly. The transformation has proved "one of the smoothest". That it was "politically safe" was proved by the BJP's performance in Gujarat, particularly ...
-
"India On Way To Become Fifth Largest Economy": President To Parliament
Prime Minister Narendra Modi-led government in its second term will implement more economic reforms, raise investment in the farm sector, provide collateral-free loans to entrepreneurs and further simplify GST to boost economic growth, President Ram Nath Kovind said Thursday.
-
Bill To Amend Central Goods And Services Tax Act Introduced In Lok Sabha
A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.
-
Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
-
GST Faces Its Biggest Challenge Yet After A Big Court Ruling
Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure
-
India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
-
Scrapping Retro Tax Law To Record GST Mop-Up: 2021- A Year Of Many Firsts
With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.
-
GST Council Didn't Recommend To Bring Petroleum Products Under New Tax Regime
The GST Council has not recommended bringing petroleum products under the reformed taxation regime even as certain representations have been made to the government to include petrol and diesel in GST, Parliament was informed on Tuesday.
-
Budget 2021 Should Focus On Providing Fillip To Affordable Housing
Budget 2021: Corporates and industry leaders expect bold economic reforms from the upcoming budget as Finance Minister Nirmala Sitharaman has already said her upcoming budget will be like never before.
-
Budget 2020: GST Most Historic Reform, Says Nirmala Sitharaman
The Union Budget 2020-21 comes at a time when the economy is staring at a more than 11-year low annual expansion rate and thousands of job cuts amid weakness across sectors.
-
Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
-
India's Export Hub Dream Needs New Reforms: Gita Gopinath
About regulatory issues in the country, Ms Gopinath said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown.
-
Note Ban, Jan Dhan Yojana, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s
An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.
-
Arun Jaitley, The Ex-Finance Minister Who Gave India Its Biggest Tax Reform
Arun Jaitley, India's former finance minister who gave the nation its biggest tax reform, has died. He was 66.
-
India Will Achieve 8% Growth From 2020-21: NITI Aayog Vice Chairman
NITI Aayog Vice Chairman Rajiv Kumar has voiced confidence that India will achieve economic growth of 8 per cent plus from fiscal year 2020-21 onwards as structural reforms like the GST are set to produce the benefits.
-
GST Shift "Smoothest, Politically Safe": Arun Jaitley's Review 2 Years On
Former Union Minister Arun Jaitley today said the Goods and Services Tax -- the flagship reform of the Modi 1.0 government which completes two years today -- has been both consumer and assessee friendly. The transformation has proved "one of the smoothest". That it was "politically safe" was proved by the BJP's performance in Gujarat, particularly ...
-
"India On Way To Become Fifth Largest Economy": President To Parliament
Prime Minister Narendra Modi-led government in its second term will implement more economic reforms, raise investment in the farm sector, provide collateral-free loans to entrepreneurs and further simplify GST to boost economic growth, President Ram Nath Kovind said Thursday.
