International Monetary Fund describes GST as 'milestone reform' in India's tax policy, pushes for simplified structure
IMF said GST has taken important step of unifying and harmonising numerous indirect taxes across all states of the federation and the central government
GST: Arun Jaitley terms linking rejig to elections 'juvenile politics', rejects Rahul Gandhi's single rate demand
The GST Council, which Jaitley heads, had last week brought down tax rate on 178 products from 28 percent to 18 percent and pushed down several others in lower bracket. Congress, which has made high tax rates and increased compliance burden in the GST regime an election issue in the run up to the assembly elections in Gujarat, claimed credit for the move.
25% cess on luxury cars: Why shed crocodile tears over the rich, govt right in hiking total tax incidence
The only trouble is, no one is grieving for the rich getting this stick from the government except car makers
The key fact that the proponents of the anti-profiteering law forgot: India in 2017 is different from India in the 1980s. There is perfect competition in a large number of sectors and market forces will bring down prices
GST regime makes excise creditable but whether the benefits are to be transferred to the consumers is the manufacturer's call