GST

The Cen­ter has agreed to include com­pen­sa­tion to be paid to states for Goods and Ser­vices Tax (GST) roll-out as

A large num­ber of states have acced­ed to the Cen­tre’s pro­pos­al on a high­er annu­al turnover thresh­old of Rs25 lakh

Union min­is­ter of state for com­merce and indus­try said that the Cen­tral Govt was close to resolv­ing the long pend­ing issue

Prime Min­is­ter Naren­dra Mod­i’s plan to roll out a Goods & Ser­vices Tax (GST) by April 2016 could hit another

The Cen­tre is learnt to have turned down a key demand from min­er­al-rich, grain-pro­duc­ing and man­u­fac­tur­ing states that they must be giv­en a por­tion of the Centre’s rev­enue from GST on inter­state trade to off­set their per­ceived rev­enue loss to “con­sump­tion states” in the GST regime. It has also reject­ed a pro­pos­al from all states that the man­date of dis­pute res­o­lu­tion should not be giv­en to the pro­posed GST Coun­cil, which is meant to have a con­sti­tu­tion­al role. These demands were made by respec­tive states as a pre­con­di­tion for their adop­tion of the supe­ri­or tax sys­tem that would avoid cas­cad­ing of tax­es and reduce the mul­ti­plic­i­ty of indi­rect taxes.

FE had ear­li­er report­ed that states like.….

Prime Min­is­ter Naren­dra Modi has giv­en direc­tions for Goods and Ser­vices Tax to be rolled out by April 2016. Modi

The gov­ern­ment has pre­pared a revised Con­sti­tu­tion Amend­ment Bill for the Goods and Ser­vices Tax that large­ly accom­mo­dates the demands

What type of GST is pro­posed for India? India is plan­ning to imple­ment a dual GST sys­tem. Under dual GST, a

The World Bank on Mon­day mar­gin­al­ly scaled  up its esti­mate of India’s eco­nom­ic growth to 5.6 per cent  for 2014–15 from its ear­li­er one

What is the polit­i­cal com­pul­sion for keep­ing GST on petro­le­um prod­ucts at zero ini­tial­ly? States are appre­hen­sive of los­ing their