Page 184 - Gst

We will take September roll-out demand to GST Council: Hasmukh Adhia

Interview with Revenue Secretary

GST to hit shadow economy: Shaktikanta Das

Economic affairs secretary Shaktikanta Das on Thursday said after that the goods and services tax (GST) will boost the economy and hit the shadow economy. He said GST will raise gross domestic product (GDP) growth by 1.5-2 percentage points. The Lok Sabha on Wednesday passed the four GST Bills relating to the Centre, union territories, inter-sale movement and compensation. Being money Bills, these are not required to get approval from the Rajya Sabha. Now, the GST Council willl take up rules on Friday and a committee of officers the specific rates next month. The GST is likely to be rolled out from July one. Das said GST Council will move really fast now. He said that states may lose revenue in initial years, but he did not expect the losses to go beyond the first three of the GST roll-out. In any case, he said there is a compensation mechanism for the first five years of the roll out of GST. States will get full compensation to offset the losses. For this purpose, a cess will be ...

GST implementation will be a market rally disruptor

Analysts expect markets to remain choppy as they try to gauge impact of GST bill's implementation

Amid heated debate, LS clears GST Bills: Focus now on rules, specific rates

GST is expected to boost economic growth by about 0.5 percentage points in its first year

How will GST impact you? Explained in 5 simple points

Food items to be taxed at zero rate; luxury goods to get dearer

Passport services, issuing driving licence, office freebies may attract GST

Procurement of goods and services from unregistered supplier to attract GST at buyer's level

Good economics might not mean poor politics

Govt needs to emerge strong on credibility, timing of economic measure

GST on land leasing, renting of commercial space to affect multiple sectors

Major transporters lease land to keep their trucks as well as other vehicles

Congress slams BJP for delaying GST, picks holes in NDA bill

The Congress slammed the government for diluting the original spirit of the ambitious GST bill and charged the BJP with deliberately opposing the legislation over the past several years which robbed the country of around Rs 12 lakh core.After finance minister Arun Jaitley moved four supporting bills to the main GST bill in the Lok Sabha, Congress member M Veerappa Moily went on to list the various shortcomings in the reform legislation being dubbed as a game changer by the government.Prime Minister Narendra Modi was present in the house as Moily spoke. The former law minister reminded the BJP how the saffron party had opposed the legislation when the previous UPA had brought it eight years ago."Seven to eight years have passed after the erstwhile UPA government wanted to bring the GST bill. Some parties then felt it should be halted due to reasons best known to them," he said.The delay in implementing GST deprived the country of Rs 12 lakh crore, said Moily asking the government who ..

GST a whisker away from reality, all four Bills passed in Lok Sabha

Jaitley aims to roll out new sales tax from July 1 that will subsume slew of federal, state levies

Tech is vulnerable but must use: FM on linking ITR, bank a/cs with Aadhaar

He said, 'If hacking be done, it will be done whether Aadhaar is there or not'

No info about the impact of GST on real estate sector, says Govt

Housing and Urban Poverty Alleviation is the ministry for implementing affordable housing scheme

BJP's delay in implementing GST led to Rs 12 lakh cr loss: Veerappa Moily

He pointed out that it was the previous Congress-led UPA government which brought in the GST bill

GST rates will have no inflationary impact, says FM Jaitley

The Finance Minister also explained about various tax slabs under the GST

GST debate: Cess on sin, luxury goods won't be inflationary, says Jaitley

If luxury cars have 40% indirect tax incidence, a cess of 12% would be imposed over peak rate of 28%

Non-compete amount given to outgoing employee may draw GST

Even now, this amount attracts service tax

GST will be levied on renting, EMI on under-construction property

GST will subsume central excise, service tax and state VAT

GST to boost Uttar Pradesh's commercial tax kitty

Even as union finance minister Arun Jaitley has tabled Goods and Services Tax (GST) bills in Lok Sabha for rolling out the One Nation, One Tax regime from July 1, Uttar Pradesh is likely to be a major beneficiary under the new tax structure.Even under the existing Value Added Tax (VAT) regime, which was implemented in UP on January 1, 2008, the state had witnessed its tax kitty burgeon although it was one of the last states to concede to VAT.Yesterday, Jaitley had tabled four tax reform bills viz. Central GST, Integrated GST, Union Territory GST and the Compensation Law, which would collectively facilitate implementation of the unified and liberal tax regime in India.Since, UP is basically a consumer state with a plethora of goods being imported from other states, the state would be a net tax gainer, since GST is primarily destination based taxation system as against manufacturing source based.Under VAT, the state commercial tax revenue was likely to shoot up by 17 percent to almost ..

GST Bills in present form not acceptable, says Congress

The party sought to tread cautiously to avoid being seen as against the tax reform measure

Uber, Ola not out of GST ambit, shopping vouchers to be taxed at redemption

Buses & pick-up vans escape cess under GST