Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print

Latest Articles in tax reforms

GST Will Come On Time, But Multiple Rates Will Dilute Benefits

India moved a step closer to creating a national sales tax but a deal on rates reached on Thursday will hit some businesses harder than others, while its complexity will dilute any boost to growth and undermine its reliability as a revenue generator.

Read More

GST To Be Less Regressive With Lower Tax Band At 5%, Say Experts

A zero tax on daily necessities as well as lower rate of 5 per cent for items of mass consumption will make the new Goods and Services Tax regime, to be rolled out from April next year, less regressive, tax experts said

Read More

GST Tax Structure To Bring Down Inflation, Says Arvind Subramanian

The GST Council's decision to peg the tax rate on items of mass consumption at 5 per cent will bring down prices and soften inflation, Chief Economic Advisor Arvind Subramanian said

Read More

GST Council Decides On 4-tier Tax Structure From 5 To 28 Per Cent

A 4-tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess, was decided by the all- powerful GST Council

Read More

Top Rate Of GST Likely To Be 28%

India's federal and state governments are likely to approve four main tax slabs ranging from 5 to 28 per cent under a proposed Goods and Services Tax, the finance minister of the state of Jammu & Kashmir said

Read More

GST Council Likely To Finalise Tax Rates Shortly

The GST Council, which began 2-day deliberations in New Delhi on Thursday, is likely to shortly finalise a 4-tier tax structure with some tinkering of the Centre's proposal

Read More

GST Council To Discuss Tax Rates, Dual Control On Thursday

With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial 2-day meeting on Thursday to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees

Read More

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

Read More

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

Read More

GST Council Discusses 4-tier Tax Rate, Cess On Demerit Goods

A four-slab GST tax structure of 6, 12, 18 and 26 per cent with lower rates for essential items and the highest for luxury goods that will also be levied with an additional cess was mooted on Tuesday at the GST Council meet.

Read More

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

Read More

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

Read More

Adoption Of Goods And Services Tax Poised To Boost India's Medium-term Growth, Says IMF

Asserting that India has shown that progress on reforms could 'ignite' business investment, the IMF on Friday said the adoption of goods and services tax is poised to boost the country's medium-term growth

Read More

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

Read More

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.

Read More