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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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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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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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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 ...
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ACs, Refrigerators, Video Games To Be Cheaper As Centre Preps To Cut GST
GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties. With an aim to simplify the indirect tax regime, the government plans to move most goods below 18 per cent tax under GST.
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PM Modi Says 99% Goods To Be Taxed At Below 18% GST
GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.
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India Will Be Driving Engine Of World Growth, Says PM Modi
Prime Minister Narendra Modi today said India is going through major social and economic changes and the resultant New India will prove to be a catalyst for global development.
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Big Nations Don't Have Courage To Implement GST, Says Piyush Goyal
Finance Minister Piyush Goyal on Sunday said that many big nations don't have the courage to implement a tax reform like the Good and Services Tax (GST).
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IMF Advises India To Consider Simpler GST Rate Structure
The International Monetary Fund or IMF today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise to high compliance and administrative costs.
-
GST Implementation Not Disruptive, Best Yet To Come, Says Arun Jaitley
Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.
-
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
-
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.
-
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.
-
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 ...
-
ACs, Refrigerators, Video Games To Be Cheaper As Centre Preps To Cut GST
GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties. With an aim to simplify the indirect tax regime, the government plans to move most goods below 18 per cent tax under GST.
-
PM Modi Says 99% Goods To Be Taxed At Below 18% GST
GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.
-
India Will Be Driving Engine Of World Growth, Says PM Modi
Prime Minister Narendra Modi today said India is going through major social and economic changes and the resultant New India will prove to be a catalyst for global development.
-
Big Nations Don't Have Courage To Implement GST, Says Piyush Goyal
Finance Minister Piyush Goyal on Sunday said that many big nations don't have the courage to implement a tax reform like the Good and Services Tax (GST).
-
IMF Advises India To Consider Simpler GST Rate Structure
The International Monetary Fund or IMF today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise to high compliance and administrative costs.
-
GST Implementation Not Disruptive, Best Yet To Come, Says Arun Jaitley
Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.
