Tax Reform

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Tax Reform - Total results - 100
Anti-profiteering rule in GST draft Bill has potential to wreak havoc for businesses
Business

Anti-profiteering rule in GST draft Bill has potential to wreak havoc for businesses

The clause would give enormous powers to the official machinery for harassment

Budget 2017: In uncertain times, even small positives are worth celebrating
Business

Budget 2017: In uncertain times, even small positives are worth celebrating

The Union Budget 2017 opted for the path of least resistance

GST deadlock ends: All set for 1 July roll out; uncertainty clears for India Inc
Business

GST deadlock ends: All set for 1 July roll out; uncertainty clears for India Inc

According to Jaitley, the whole process of preparing the draft laws and deciding the rate slabs will need time until March, which makes 1 July rollout a more realistic deadline than earlier 1 April.

Apple submits formal appeal against $14-billion tax penalty, claims to be a
News & Analysis

Apple submits formal appeal against $14-billion tax penalty, claims to be a "convenient target"

Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies.

GST unlikely by April: Missing the deadline is better for all in demonetisation season
Politics

GST unlikely by April: Missing the deadline is better for all in demonetisation season

The hard-won political consensus on GST by finance minister, Arun Jaitley, is now on shaky grounds due to the ongoing tussle between the Narendra Modi-government and key opposition parties on the demonetisation issue

If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley
Politics

If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley

If as on 16 September 2017, there is no GST, then there is no taxation in the country, Arun Jaitley has warned

GST gets 4-rate structure: Here's how it is likely to impact prices of various items
Business

GST gets 4-rate structure: Here's how it is likely to impact prices of various items

GST regime makes excise creditable but whether the benefits are to be transferred to the consumers is the manufacturer's call

GST Council fixes 4-rate structure: All you need to know about the 'extremely complex' tax reform
Politics

GST Council fixes 4-rate structure: All you need to know about the 'extremely complex' tax reform

India may have got more of what the country was trying to avoid - a complex tax system

GST Council meet inconclusive: Here is a pragmatic solution to end the stalemate
Politics

GST Council meet inconclusive: Here is a pragmatic solution to end the stalemate

Instead of treating the tax rates as being sacrosanct forever, the same should be rolled out over a three year time frame

Battle ground GST Council: Proposed additional cess may queer the pitch at meeting today
Politics

Battle ground GST Council: Proposed additional cess may queer the pitch at meeting today

The proposed additional cess is likely to add to the tax burden of certain goods; it will prove to be the political hot potato today at the meeting

GST Council meeting starts today: All you need to know about the agenda, challenges
Politics

GST Council meeting starts today: All you need to know about the agenda, challenges

Arriving at a tax rate that is agreeable to all, politically and economically, is the crucial challenge for the GST Council and it is likely to be a long-drawn process

'Reasonably possible' to meet 1 April GST deadline as no political bickering among states now: Arun Jaitley
Business

'Reasonably possible' to meet 1 April GST deadline as no political bickering among states now: Arun Jaitley

The GST Council has the mandate to look into issues of dual control and threshold rates with the states demanding that they be given the legal and administrative powers for imposing tax on entities with turnover of up to Rs 1.5 crore.

GST Council gets cabinet nod: The fire test on final rate begins now
Business

GST Council gets cabinet nod: The fire test on final rate begins now

April rollout of GST is possible only if the standard rate is decided and broader contours of the central GST law agreed up on before the Winter Session

Govt notifies GST Council with effect from today, moves ahead on implementing law
Politics

Govt notifies GST Council with effect from today, moves ahead on implementing law

The GST Council will decide on the tax rate, will recommend the taxes to be subsumed and exempted from GST, the rates of taxation and the model Central, State and Integrated GST laws

Behind PM Modi’s GST pep talk in Mann Ki Baat lies his continuing dilemma on final consensus
Business

Behind PM Modi’s GST pep talk in Mann Ki Baat lies his continuing dilemma on final consensus

It is interesting to see how the Congress party will position itself on the issue of GST rate in the winter session of the House.

GST Bill passed: Will it really end 'kacha bill' system? Here's why many are doubtful
Politics

GST Bill passed: Will it really end 'kacha bill' system? Here's why many are doubtful

Traders agree with the PM but feel they are not the only one responsible for the system. High tax rate, complex system, multiple administration having no accountability, unfettered discretionary powers, consumer avoids taking permanent bill, etc also contribute to generation of kacha bills.

Parliament passes GST: Corporates must brace for April 2017 go-live date
Politics

Parliament passes GST: Corporates must brace for April 2017 go-live date

Corporates should now consider April 2017 as the go-live date as the government's determined efforts would ensure that they adhere to the stated timelines, say experts

Arun Jaitley on GST Bill:  Tax evasion, ease of doing business will be big gains
Politics

Arun Jaitley on GST Bill: Tax evasion, ease of doing business will be big gains

The government had moved six official amendments, including scrapping of 1 per cent additional tax.

GST to be taken up in Lok Sabha today; PM Modi likely to talk on tax reform
Politics

GST to be taken up in Lok Sabha today; PM Modi likely to talk on tax reform

Congress leader Jyotiraditya Scindia has said his party will support GST Constitutional Amendment Bill and has issued whip to all its MPs