GST Roll-out

The government is looking at modifying its Faceless Assessment Scheme for solving tax disputes.

2018 is expected to take forward the tax reforms agenda, an important indicator for measuring index of doing business

The GST law was debated for decades, industry had enough time to prepare, and glitches are being fixed, a finance ministry spokesman said

FinMin also said that construction cost of flats, housing complexes will come down under GST regime

The realisation of a common indirect tax is critical for the semblance of a common Indian market

Registration to also start for GST practitioners, Tax Deductors at Source, e-commerce operators

Says that he just sees 1 or 2 paise variation on per unit electricity price

E-commerce firms have been engaging with merchants to ensure smooth transition to new system

They feel there is a need to expand the categories for benefits under the export policy

However, 7 cesses will continue to be levied on products that are not covered by GST

In the textiles category, silk and jute fibre have been exempted

Banks face huge challenge of changing existing infra, says IBA to Parliamentary panel

GST will subsume all major levies including excise, service tax and VAT

A day before the GST Council will meet to take forward the rollout of the new Goods and Services Tax (GST) regime, West Bengal's chief minister, Mamata Banerjee said that her government will not accept the new tax reform in its current form, alleging that it will hit the small-medium businesses."We will write a strong letter to the union finance minister. We will not support the GST in its present form as it doesn't suit every section, especially the unorganised sector. They (Centre) have to rectify it", she said during an administrative meeting in South 24 Parganas district in the state.Incidentally, when the Centre-State relations were cordial, she was one of the first to support the idea of a unified tax regime which finally culminated in the state's finance minister, Amit Mitra becoming the chairman of the Empowered Committee of State Finance Ministers (ECSFM) which provided the forthcoming GST regime with its initial structure and layout. The state's ruling party, Trinamool ...

The amount to be raised through cess on coal, as well as luxury items and sin goods

Concerns were raised regarding discontinuation of vehicle checking after abolition of octroi

Also says, there is no significant cost involved in preparation for the GST

After Bihar, Jharkhand, Telangana and Rajasthan, becomes fifth state to clear the decks for GST

CBIC will fortify and expand intelligence wing to fight tax evasion and black money