Revenue Neutral Rate

Here are a few hurdles to be cleared for smooth rollout of GST

All eyes now will be on the July meeting of the empowered committee which will go into these issues

GST implementation: CEA panel lists several risks including 'trust deficit' between Centre, states

The Centre may also relax the deficit targets, the report said, adding "a moderately higher fiscal deficit due to a low GST will benefit consumers, especially poorer ones".

GST imbroglio: CEA Arvind Subramanian offers an economic solution to Modi’s political problem

The Subramanian panel has brightened the chances of a consensus on the GST issue in the Winter Session and it is up to Modi to use this opportunity

GST Act draft leaked; the 'reform' can deal a body blow to economy

The other nightmare that will be caused by taxing internal transactions is demand for tax on services rendered by any head office of any company to its branch offices in other states.

Set standard rate below 18%, scrap 1% additional levy: Here's what CEA's GST report said

The panel has noted that the implementation of GST represents a historic opportunity to do away with "Exemptions Raj".

Govt making all efforts to pass GST Bill in Winter Session, reaches out to opposition

The government is hoping to get the bill approved in the winter session beginning on November 26 and complete the other necessary legislative work by March 31

Report on uniform GST rate by month-end; CBEC member says roll-out possible next year

The final GST rate would be decided by the GST council, which will be headed by the Union Finance Minister and have state Finance Ministers as members

Mr FM, why pass a flawed Cong-drafted GST law when you can do better?

The 2014 electoral verdict reflected the expectation that the BJP would correct the wrongs committed by the Congress-led UPA.

GST rate at 20% good for industry, consumers, say experts

The 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.

Gound reality: GST will increase compliance but won't be a panacea for all our problems

A revenue and inflation neutral tax rate is ideal, but may be a challenge to pinpoint at this stage