GST

The Cen­tre may allow States to uni­lat­er­al­ly play with State-lev­­el Goods and Ser­vices Tax (State GST) rates as part of

The adop­tion of the goods and ser­vices tax (GST) won’t lead to untime­ly with­draw­al of the excise waivers for indus­tries in

The Finance Min­istry has pro­posed to com­pen­sate states for three years for loss­es they may incur on account of switching

In a move the Cen­ter is going to pro­pose sub­sum­ing in the pro­posed goods & ser­vices tax (GST) all types

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