India fell to the sixth-largest position with considerable headwinds from demonetisation
Centre working on states' Logistics Index ranking, to spur development of trade and transport infra
More powers to states mean the taxes will be handled by the state govt officers led by the respective IAS cadres
The officers feel that GDP may slow down if GST is implemented in hurry
Govt expects 8 million tax returns in a month after July 1; Over 90% of these will be by SMEs
Centre and states have decided to water down the penal provisions to ensure a trader gets immediate bail
At present, states get 42% of services tax collected and imposed by the Centre
The 9th meeting failed to solve distribution of powers between Centre, states to administer GST
A snapshot of the survey based on GST, MAT, GAAR, corporate tax and personal tax
GST Council, headed by Jaitley, will meet for the ninth time on Monday
GST will subsume excise and service tax and other local levies
GSTN plans to move most of the eight million taxpayers to the portal by the end of January
Octroi and local body tax, two major levies, would now be subsumed in GST
Govt has covered a lot of distance for implementation of the GST and it doesn't want to resort to voting to decide on any issue at the Council meeting, says FM
Next phase of the roll out is to train 60,000 state government officials, GSTM chairman said
According to deputy chief minister of Gujarat, Nitin Patel, the state will enroll about 466,000 traders on Goods and Services Taxpayer Identification Number
Bills likely to be introduced as money Bills
Dual control issue in GST remains unresolveds; meeting will continue Nov 25
A jewellery shop owner in Karol Bagh asserts that higher GST will force the jewellers to resort to tax evasion and black marketing
Revised draft model Bill clearly says an agriculturist for the purpose of agriculture won't be liable for registration under GST