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GST Bill passed: Will it really end 'kacha bill' system? Here's why many are doubtful

Aug 09, 2016

GST Bill passed: Will it really end 'kacha bill' system? Here's why many are doubtful

Traders agree with the PM but feel they are not the only one responsible for the system. High tax rate, complex system, multiple administration having no accountability, unfettered discretionary powers, consumer avoids taking permanent bill, etc also contribute to generation of kacha bills. #Black money #parliament #Economic Reform #Monsoon session #Tax reform #GST Bill #pakka bill #kacha bill
Parliament passes GST: Corporates must brace for April 2017 go-live date

Aug 09, 2016

Parliament passes GST: Corporates must brace for April 2017 go-live date

Corporates should now consider April 2017 as the go-live date as the government's determined efforts would ensure that they adhere to the stated timelines, say experts #GDP #Rajya Sabha #Lok Sabha #Economic growth #GST #parliament #Tax reform #GST Bill #PM Modi
Arun Jaitley on GST Bill:  Tax evasion, ease of doing business will be big gains

Aug 08, 2016

Arun Jaitley on GST Bill: Tax evasion, ease of doing business will be big gains

The government had moved six official amendments, including scrapping of 1 per cent additional tax. #Tax evasion #Arun Jaitley #Tax reform #GST Bill #ease of doing business #Union Finance Minister
GST to be taken up in Lok Sabha today; PM Modi likely to talk on tax reform

Aug 08, 2016

GST to be taken up in Lok Sabha today; PM Modi likely to talk on tax reform

Congress leader Jyotiraditya Scindia has said his party will support GST Constitutional Amendment Bill and has issued whip to all its MPs #UPA #Congress #BJP #Lok Sabha #GST #Parliament session #NDA #Tax reform #Jyotiraditya Scindia #PM Modi
GST rollout to boost Make in India and create more jobs, say experts

Aug 08, 2016

GST rollout to boost Make in India and create more jobs, say experts

Post GST implementation, the industries that will spur job creation immediately are consumer goods/ FMCG, media, auto industries, cement and logistics #Economic growth #GST #Tax reform #job creation #TeamLease #Make In India #GlobalHunt #Rajiv Burman #Kronos India #Sunil Goel #Rituparna Chakraborty
GST battle looms: With states lobbying for higher rate, 1 April deadline is plain unrealistic

Aug 05, 2016

GST battle looms: With states lobbying for higher rate, 1 April deadline is plain unrealistic

GSTN, which is confident of meeting the deadline, is just technology part. The question is how will Jailtey negotiate the political battle over the rate #GDP #Congress #BJP #Rajya Sabha #Economic growth #Goods and Services Tax #GST #Economic Reform #NDA #Tax reform #IT backbone #GSTN #GST road map
GST Bill: How Arun Jaitley 2.0 forged a consensus and scripted history

Aug 04, 2016

GST Bill: How Arun Jaitley 2.0 forged a consensus and scripted history

The last few months has seen a fundamental shift in Jaitley's strategy after the Congress managed to successfully frustrate him in his initial efforts. From a combative approach, the finance minister has chosen a path of conciliation. #P. Chidambaram #Congress #Narendra Modi #AIADMK #Rahul Gandhi #Arun Jaitley #GST #Indian Economy #TMC #Tax reform #Goods and Services Tax bill #Union Finance Minister #Constitutioinal Amendment Bill
GST Bill: How Narendra Modi coaxed a defiant Congress to clinch the deal

Aug 03, 2016

GST Bill: How Narendra Modi coaxed a defiant Congress to clinch the deal

For Modi, it’s a big-ticket reform item to showcase in his political rallies and silence his critics. For Jaitley, it is an achievement in his résumé as FM. As for the Congress, it is a lost political opportunity and for 1.25 billion Indians, the GST is an assurance that lawmakers haven’t totally forgotten their fundamental constitutional responsibility of law-making #Pranab Mukherjee #UPA #Finance minister #P. Chidambaram #Congress #BJP #Rajya Sabha #Bharatiya Janata Party #Lok Sabha #Arun Jaitley #AICC #Union Budget #Tax reform #Modi government #Indirect tax #Kelkar Panel #GST Bill #PM Modi
GST Bill: Here's why India Inc is kicked about the country's biggest ever tax reform

Aug 03, 2016

GST Bill: Here's why India Inc is kicked about the country's biggest ever tax reform

India Inc is keenly awaiting its passage. Many hail it as a tremendous reform and the biggest since liberalization in 1991 #Economic growth #Economic Reform #Tax reform #indirect taxes #GST Bill
GST Bill: As biggest tax reform looms, many companies unprepared

Aug 03, 2016

GST Bill: As biggest tax reform looms, many companies unprepared

Tax experts say that only 20 percent of - mostly big - firms are getting ready for the GST #Rajya Sabha #Economic Reform #Parliament session #Monsoon session #Tax reform #GST Bill