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Latest Articles in goods and service tax

GST Can Push Nifty To 13,000: Mark Mobius

Says GST implementation coupled with the ongoing reforms will radically change the domestic economy and can propel Nifty towards the 13,000-mark by the middle of 2017

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Panel Fails To Finalise Rates For GST

The Centre and states on Wednesday failed to decide the tax rate under the new GST regime even though they 'converged towards a consensus' on levying a cess in addition to the highest rate of tax on luxury and sin goods

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Finance Minister Arun Jaitley Says Still Expects To Meet GST Rollout Deadline

Finance Minister Arun Jaitley sounded confident on Wednesday about rolling out the proposed goods and services tax from next April even after a meeting between him and state finance ministers failed to break a deadlock on rates

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Panel Discusses GST Rate; Reaches Consensus On Compensation

The GST Council on Tuesday discussed possible Goods and Service Tax rates, including a four-slab structure of 6, 12, 18 and 26 per cent with lower rates for essential items and highest band for luxury goods, even as it reached consensus on payment of compensation to states

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GST Lends More Weight To India’s 8% Growth Projection: S&P

Calling GST as the most important structural reform till date by the Modi government, S&P Global Ratings has said the passage of the indirect tax law gives it additional conviction of India clocking 8 per cent growth in the next few years

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India At World's Centre Stage But Can Do Better, Says Arun Jaitley

India is at the world's centre stage more than ever before for "aspiring to do better in an adverse" environment, Finance Minister Arun Jaitley has said but cautioned that by its own yardstick, the country's current growth rate is not enough

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IMF Predicts Strong 7.6 Per Cent Growth For India In 2016-17

India's economy continues to recover strongly, benefiting from a large improvement in terms of trade, effective policy actions, and stronger external buffers, the IMF said in its latest report on the World Economic Outlook

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GST Council Agrees On 5 Areas; Differ Over 1st Meet Decision

In signs of fracture, the Centre and states on Friday disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime

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GST: Centre, States Agree On Timetable For April 1 Roll Out

Moving towards rolling out GST from April 1, the Centre and states on Thursday agreed on a timetable for deciding on the tax rate and completion of legislative work but differences remained on the turnover limit for exemption from the new tax.

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Will Meet April 1 Target For GST Rollout: MoS Arjun Meghwal

Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal on Thursday (22 September) said the government will be able to implement Goods and Services Tax (GST) from April 1, next year.

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268-page GST FAQs Out; E-tailers, Taxi Aggregators Need To Register

The FAQ booklet said penalty could extend up to five years of jail with a fine if the tax evaded is more than Rs 2.5 crore

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GST May Have Multiple Rates Initially, No Revenue Neutral Rate Too: Revenue Secretary Hasmukh Adhia

The goods and services tax may have multiple rates on the lines of some European countries and a revenue neutral rate will not be possible initially, Revenue Secretary Hasmukh Adhia said

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Government Notifies GST Council

The legislation would mention the tax rate, exempted goods and also the threshold. Prime Minister Narendra Modi too has directed all officers to ensure that steps are taken to stick to the April 2017 roll out date

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PM Modi Wants All Steps For GST Rollout To Be Completed Before April

Targeting to roll out the ambitious GST on April 1 next year, Prime Minister Narendra Modi has directed that all steps required in this direction should be completed before that date

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GST Rollout A Hell Of A Challenge, Says Infosys CEO Vishal Sikka

Describing GST rollout "a hell of a challenge", Infosys CEO Vishal Sikka on Thursday acknowledged that there are pockets of weak preparedness, but there is still time to address them before the April 2017 deadline

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