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Mar 04, 2017
GST roll-out in July seen on track as Centre, states agree on crucial CGST, IGST billsThe legally vetted laws for State GST and Union Territory GST (UTGST) bills will now be finalised by the legal committeee in the next three days
Mar 03, 2017
GST Bill likely in Parliament next week; peak rate to be 40%, slabs intact for nowThe GST Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, has agreed to keep the upper band of the rate in the law at 20 percent.
Feb 17, 2017
GST Council to finalise draft model GST law tomorrowThe government intends to introduce the model GST law in Parliament in the second half of the current Budget Session beginning next month, officials said.
Dec 18, 2016
GST rollout may be pushed to 1 July, industry needs time, say expertsWith "turf issue" over tax payer jurisdiction continuing to clog GST Council deliberations, the Goods and Services Tax rollout could be delayed by a quarter to 1 July as industry would require time to prepare itself, experts said.
Nov 23, 2016
GST Council meet postponed to 2-3 DecemberThe officers' committee of both the Centre and states, however, will meet on 25 November to finalise the three draft legislations -- CGST, IGST and compensation law
Sep 12, 2016
CBEC to be rechristened as CBIT under GST regimeSince the tax base in the GST set-up is bound to increase manifold, the challenge will be to provide maximum facilitation and at the same time ensure optimum compliance. In this context, the role of DGITI will be of paramount significance.
Aug 05, 2016
GST Bill passed, but there's need for further deliberation on draft Model LawThough some important aspects such as tax rates, exemptions, abatements etc. are missing under Model law, the current draft does provide the broad framework of how GST legislation would look like and operate
Aug 04, 2016
GST Bill passed: There will be short-term pain but this is a substantive reformGST isn't a populist measure guaranteed to ensure immediate benefits. It is not a sop. It won't, at least in the short term, put more money into our pockets. GST is reform in its truest sense. It may trigger considerable labour pain but eventually it will fructify into a regenerative force for the Indian economy.
Aug 03, 2016
GST Bill: Govt answers all questions in an FAQ, explains how consumers will benefitThe FAQs published by the government explains in simple terms everything you need to know about Goods and Services Tax Bill
Jun 12, 2016
State finance ministers to meet this week to discuss model GST lawAmid hopes of long pending GST bill getting passed in Rajya Sabha in the next Parliament session, state finance ministers will deliberate on the model GST law at a two-day meeting in Kolkata beginning Tuesday.