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GST Council holds first meeting: Centre, states battle it out on many issues but agree on 1 April rollout

Sep 23, 2016

GST Council holds first meeting: Centre, states battle it out on many issues but agree on 1 April rollout

The Council will continue meeting today and deliberate on at least three contentious issues - 'cross empowerment to avoid dual control' and 'threshold' and base year for compensating states for loss of revenue #West Bengal #Arun Jaitley #Amit Mitra #GST #Manish Sisodia #VAT #NDA #Arvind Subramanian #Chief Economic Advisor #Hasmukh Adhia #GST Council #Thomas Isaac
President Mukherjee hopes govt will set up GST Council soon

Sep 10, 2016

President Mukherjee hopes govt will set up GST Council soon

Mukherjee said India has firmly established itself as the fastest growing large economy with a GDP growth rate of 7.3 percent in calendar year 2015. #Economy #GDP #Goods and Services Tax #PolicyWatch #service tax #VAT #excise duty #indirect taxes #GST Council
President okays GST Bill: Here is how the biggest tax reform will impact various sectors

Sep 09, 2016

President okays GST Bill: Here is how the biggest tax reform will impact various sectors

GST is proposed to introduce a tax collection at source provision for e-commerce operators with respect to goods sold through their portal which shall significantly increase the compliance burden on the industry. #Banking #consumer goods #VAT #E-Commerce #Automobile #excise duty #Goods and Service Tax #CST #Real estate #GST Bill #Octroi #unified tax approach #compliances #decentralised state
GST law should ensure benefits of lower prices are passed on to common people

Aug 23, 2016

GST law should ensure benefits of lower prices are passed on to common people

In case of a revenue shortfall, instead of relying on increasing taxes on petroleum products, the Centre could even think of relaxing its deficit target #Inflation #Economy #GDP #GST #VAT #Value added tax #state GST
Jharkhand becomes third state to ratify GST Bill

Aug 17, 2016

Jharkhand becomes third state to ratify GST Bill

The Jharkhand Assembly on Wednesday passed the Goods and Services Tax (GST) Bill and became the third state to ratify the bill after Assam and Bihar. #NewsTracker #Communist Party of India #Assam #bIhar #GST #Jharkhand #VAT #CPI #Goods and services #JMM #Jharkhand Mukti Morcha #Raghubar Das
GST impact: Cars, FMCG items to get cheaper; services will become expensive

Aug 07, 2016

GST impact: Cars, FMCG items to get cheaper; services will become expensive

Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper once GST is rolled out next year, but mobile phones, banking and insurance services, telephone bills as well as air travel will be dearer due to higher tax. #FMCG #Rajya Sabha #NewsTracker #GST #VAT
GST Bill: For smooth rollout, get industry feedback before making it a law, says Harsh Goenka

Aug 05, 2016

GST Bill: For smooth rollout, get industry feedback before making it a law, says Harsh Goenka

The Indian GST is a dual model comprising of Central and State GST along with an Integrated GST to be levied on inter-state and cross border transaction. #GST #Taxation #VAT #SAD #excise duty #Liberalisation #GST Bill #Octroi #Harsh Goenka #draft GST Bill #Model Act #draft GST Act
GST Bill: Cong's 18% rate a pipe dream while Arun Jaitley's 20% economically workable

Aug 04, 2016

GST Bill: Cong's 18% rate a pipe dream while Arun Jaitley's 20% economically workable

Even though 20 percent is a stiff GST rate, it seems to be the appropriate level at which all considerations merge: inflation and revenue loss risks will be tolerable, and the political fallout minimal. #P. Chidambaram #ConnectTheDots #Arun Jaitley #Goods and Services Tax #GST #VAT #Octroi #Luxury goods #Entertainment tax #Entry tax #Excise rate #taxes on cars #car tax rate
GST Bill passed: Still confused about how it will impact you? Check out this simple chart

Aug 04, 2016

GST Bill passed: Still confused about how it will impact you? Check out this simple chart

GST will reduce the overall tax incidence. Along with it, competition between the players will play a role in the reducing the prices further #ConnectTheDots #Economic growth #Double taxation #GST #Indian Economy #VAT #Sales Tax #excise duty #GST Bill #GST Bill passed #Goods and services tax India