Indivjal Dhasmana clears up some confusion about the indirect tax regime
The chamber has sought clarity from government to remove uncertainty among businesses
The govt has to test the robustness of the GSTN portal before it is released for public testing
As per the GST rules released last week, second-hand cars will attract GST only on transaction value
GST will subsume central levies like excise, state ones like VAT into a national unified sales tax
GSTN will generate e-way bills that will be valid for 1-15 days, depending on distance travelled
Post-GST, indirect tax collection would see a growth of 10% as per govt target, says Hasmukh Adhia
Govt goes on an overdrive to make MPs, MLAs, traders tax-educated
These bills were passed in Rajya Sabha on April 6 and by Lok Sabha on March 29
Revenue secy Hasmukh Adhia also said that going forward the GST rates could come down
The parliament's budget session 2017-18 ended on Wednesday marking a few firsts including passage of key reform GST bill, advancing union budget to February 1 instead of February 28, merging the railway budget into the main document, merging plan and non-plan allocations and nod to the finance bill by March 31.The first half the budget session from January 31 to February 9 started with President Pranab Mukherjee's address to parliament and saw a united Opposition taking on the government over the controversial demonetisation decision but by the second half from March 9 to April 12 the Opposition's morale was impacted as BJP showed more aggression riding on the major victories in four of the five assembly polls.According to parliamentary affairs minister Ananth Kumar whenever in the past financial business was completed before March 31, those were either election years having interim budgets or scrutiny by parliamentary standing committees was dispensed with. "This is a big financial ..
Interview with A Balasubramanian
Says firms should not count on a postponement of a tax more than a decade in the making
Finance Ministry to decide on the controversial issue, as both cite legal and past precedents
P Chidambaram called for pushing the GST rollout to October 1
Ratings will be based on how promptly they upload invoices, pay taxes and file returns
E-commerce companies are scheduling classes for their sellers, both online and offline
Industry says demand has been made to avoid cascading taxation, maintain competitiveness
The Customs Act will be amended to include 'warehouse' in the definition of 'Customs area'
What kind of GST is this that 40% of GDP in terms of value is outside the GST system?