Latest News on Gst Council
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Gst Council - Total results - 375
Jul 23, 2015
GST rate at 20% good for industry, consumers, say expertsThe Rajya Sabha Select Committee has suggested that the GST rate should not go beyond 20 percent as higher rates could fuel inflation and erode the confidence of consumers in a new indirect tax regime proposed to be rolled out on 1 April 2016.
Jul 22, 2015
Rajya Sabha panel submits GST report; Congress, Left, AIADMK submit dissent noteAs per the current compensation mechanism, the Union government will give 100 percent compensation for first three years of GST implementation and thereafter 75 percent and 50 percent in the fourth and fifth year.
Jul 22, 2015
Centre, states working to meet GST roll out deadline, says revenue secretaryThe passage of the bill on GST in Parliament and its ratification by 50 percent of the state assemblies will pave the way for implementation of the indirect tax regime.
Dec 24, 2014
Here's what's wrong with the GST Council proposed by the new billThe meetings of the GST Council can proceed with a quorum of 50 percent and decisions will be taken with a at least three-fourth weighted majority voting for a resolution.
Aug 19, 2014
The Jayalalithaa roadblock: Tamil Nadu CM writes to PM seeking changes in GST BillTamil Nadu Chief Minister J Jayalalithaa on Monday sought more changes in the revised Goods and Services Tax Bill while maintaining her opposition to the powers being given to the GST Council.