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Latest Articles in goods and services tax bill

Ordinance Likely To Amend SEZ Act For Alignment With GST

The government is likely to bring in an ordinance by next week to amend the SEZ Act to bring it in line with the Goods and Services Tax (GST), due on July 1. The commerce ministry is working on the same

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Subramanian Swamy Raises Red Flag Against GST Body

Bharatiya Janata Party leader Subramanian Swamy has raised strong objections to a majority stake for private entities in the company formed during the UPA government to manage and control the accounting and collection of goods and services tax and has urged Prime Minister Narendra Modi to ensure that it is replaced by a government-owned structure

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GST Bill Passed By Parliament; PM Narendra Modi Says It Will End Tax Terrorism

The long-delayed GST Constitution bill was passed by Parliament on Monday, marking a historic step for tax reforms which Prime Minister Narendra Modi said was 'crucial' for ending tax terrorism besides reducing corruption and black money while making consumer the 'king'

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GST: Behind-The-Scenes Parleys With Congress, Public Perception, Did The Trick

The political class in the Upper House of Indian Parliament rose to the occasion as India marched ahead towards the biggest indirect tax reforms since Independence, by passing the GST Constitution Amendment Bill in the Rajya Sabha unanimously on Wednesday

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Rajya Sabha Passes Goods And Services Tax Bill

The Rajya Sabha passed a key constitutional enabling amendment on Wednesday, paving the way for a nationwide Goods and Services Tax that seeks to transform the country into a common market

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GST Will See Better Tax Compliance On Robust IT Infrastructure: Govt

Goods and Services Tax will result in better tax compliance due to a robust IT infrastructure and consumers will be benefited as the overall tax burden on most commodities will come down, the government said on Wednesday

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GST Bill Taken Up In Rajya Sabha; Most Parties, Except AIADMK, Support

The Rajya Sabha kicked off a debate on a major tax reform on Wednesday that lawmakers were expected to back in a vote later on, as Finance Minister Arun Jaitley faced a call from the opposition not to overtax businesses and consumers

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GST Debate | GST Exceeding 18% Will Be Inflationary, Says Former FM P Chidambaram

Union Finance Minister Arun Jaitley on Wednesday tabled the GST Constitutional Amendment Bill in the Rajya Sabha, kicking off a scheduled five-hour debate on the landmark tax reform

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GST Bill Amendments Circulated, Rajya Sabha To Take It Up On Wednesday

The government has circulated official amendments to the GST bill to drop 1 per cent additional tax and include a definite provision in the statute for compensating states for revenue loss for 5 years as it gears up to discuss the long-pending bill in the Rajya Sabha on Wednesday.

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Government Circulates Amendments To GST Bill To Rajya Sabha Members

Ahead of the long-delayed Goods and Services Tax Bill being taken up by Rajya Sabha, the government has circulated to MPs the amendments it has proposed in the Constitution Amendment Bill to enable implementation of the tax

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Sensex Extends Gains For The 2nd Straight Day, Up 184 Points

The Sensex extended its gains for the second straight day, firming up by another 184 points to close at 28,208.62 in view of persistent buying on hopes of passing of GST bill in Rajya Sabha in the next week coupled with good foreign capital inflows

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India Should Continue Fiscal Consolidation For Better Prospect, Says IMF Report

In order to reduce external vulnerabilities and improve investment prospects, the government should continue with its fiscal consolidation activities including passage of GST Bill, further subsidy reforms and easing domestic supply bottlenecks

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Govt Reaches Out To Opposition For GST Bill Passage

The government on Thursday reached out to the leaders of several Opposition parties, including Congress and Samajwadi Party, over the contentious GST Bill which is likely to be taken up by the Rajya Sabha next week

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Cabinet Drops 1% Additional Tax From GST Bill

The Cabinet has cleared changes in the GST Constitutional Amendment Bill, dropping 1 per cent manufacturing tax and providing guarantee to compensate states for any revenue loss in the first five years of rollout of the proposed indirect tax regime

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Market Gatheres Momentum, Sensex Up 120 Points Amid F&O Expiry

The Sensex surged by about 120 points to 28,144.32, bringing up gains for the second straight day on sustained foreign fund inflows and persistent buying by investors as the Cabinet on Wednesday cleared changes in the GST Constitutional Amendment bill amid July derivatives expiry

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