Arun Jaitley

Once implemented, the Bill will convert the country into a unified market, replacing most indirect taxes and subsuing all those into a single tax regime...

Government on Tuesday urged the Rajya Sabha to pass the GST bill expeditiously to enable states get a share of the Service Tax which is not shared under the provisions of 14th Finance Commission. "As per the 14th Finance Commission,...

Government and the main opposition party should get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya Sabha in first few days of the monsoon session of Parliament, industry body Assocham has said. "At this point, when macroeconomic...

In the wake of recommendations of SIT on black money seeking a total ban on cash transaction of above Rs. 3 lakh and further recommending an upper limit of Rs.15 lakh for cash holding, the Confederation of All India...

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...

The Modi Government on Wednesday announced a Rs 6,000 crore package for the textiles and apparels sector to help it wrest a bigger share of the global market. The package also provides the sector more flexible labour laws and financial incentives. The...

BJP Rajya Sabha MP Subramanian Swamy said passage of the bill facilitating the Goods and Services Tax (GST), being hailed as the biggest indirect taxation reform, will not benefit the economy significantly. "I don't think GST is going to be...

All purchases made online will attract a uniform Goods and Services Tax, likely to take effect from April next year, according to the model GST law approved by state finance ministers headed by West Bengal finance minister, Dr Amit...

Hinting at rollout of GST next year, Finance Minister Arun Jaitley said a constitution amendment bill on the new indirect tax regime will be brought to Rajya Sabha in the next session and all supporting legislations required will be...

Appropriate rules and guidelines are being framed by the government to encourage investment through Foreign Direct Investment (FDI) route in the retail market for the food processing industry. "The Ministry of Commerce is framing the guidelines," Union Food Processing Industries...