GST

If implemented successfully, it is expected to add up to 2 per cent to the country’s gross domestic product, increase the tax base and ensure revenue buoyancy...

The retail industry too will see an indirect impact due to increased efficiencies in the supply chain and cost to customer will go down as the multiplicity of taxes will no longer apply...

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...

The Goods and Services Tax (GST) bill, which has been pending for several years, is likely to be passed in the ongoing session of Parliament. The trade and industry in the country is anxiously looking for the moment when the...

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,...

Union Minister Nitin Gadkari has expressed confidence that the crucial GST bill will be passed in the coming Monsoon session of Parliament as he touted the various reform measures implemented by the government to boost economic growth and attract...

Internet and mobile industry body IAMAI representing giants like Google, Flipkart, Facebook, and Airtel Money on Monday slammed proposed Goods and Services Tax Bill saying it fails to recognise the digital economy and push back regulatory progress by decades. "The new GST Bill springs an unpleasant...

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...

The roll-out of GST will convert India into one common market, prevent tax-on-tax and make goods and services cheaper, Finance Minister Arun Jaitley said on Wednesday. Jaitley said he hoped the main Opposition, Congress, will come on board to help in the passage...