Page 198 - Gst

GST rollout to help BSE get 10,000 listings

GST will help the bourse increase its listing from current 5,500 companies to nearly 10,000 in the coming years

GST threshold fixed at Rs 20 lakh, rate to be decided in Oct

At the end of first meeting the Council decided that state authorities will have jurisdiction over assessees with annual turnover of less than Rs 1.5 crore

Commerce Ministry for closure of interstate check points post GST

The suggestion was made to the Finance Ministry with a view to enhance logistics competitiveness of Indian exporters

Consensus eludes GST threshold

But Centre, states agree on timetable for April 1 roll-out

Will meet April 1 target for GST rollout: Arjun Ram Meghwal

He also said that all the issues, including GST rate, slabs in rates will be decided by the GST Council after discussion with the states

GST FAQs: E-tailers, taxi aggregators need to register

The 268-page frequently asked questions (FAQ) booklet, released by Finance Minister Arun Jaitley, answered 500 questions on 24 topics, including registration, valuation and payment, scope and time of supply, refunds, seizure and arrest.

States want GST Council and FMs' panel, too

The GST Council is headed by the finance minister, while the empowered committee is chaired by a state finance minister

GST Council to meet for the first time today

An official said in the two-day meeting, all issues facing the roll-out of the centralised indirect tax regime would be on the table

GST council secretariat to have IRS officers

Development comes after a delegation of IRS officers association met the Union Finance Minister Arun Jaitley in New Delhi on Monday

GST Council to decide on cess treatment

Act says cess treatment to be decided by GST Council

FinMin says no need to re-notify Act on GST

No legal infirmities in provisions notified: Adhia

GSTN under examination; Centre to hold majority stake

The govt of India presently has 24.5% stake in GSTN while state governments together hold another 24.5%

GST: Clarification likely on Centre's power to levy excise

Clarification is expected to address the doubt being raised by certain experts about the legality of levying excise duty during the interim period before the GST rollout

Five constitutional conundrums in GST

The Constitution (122) Amendment Bill enabling the introduction of the goods and services tax (GST) has recently been enacted. It is a landmark reform considering the sweeping changes it brings about in the indirect tax regime in India as well as in distribution of powers between the Centre and states vis-a-vis such taxes. Unfortunately, upon minute review of the amendments read with the provisions of the draft Model GST law, several constitutional issues emerge.Definition of goodsThe first challenge emerges in the form of the definition of 'goods' and 'services' under the Model GST law. Since inception, 'goods' was defined in the Constitution in a broad manner. Judicial decisions have thus far held goods to include intangible property such as off-the-shelf software, trademarks, and the sales tax levied on them. The definition of 'services' has now been added in the Constitution as "anything other than goods". While the Model GST law uses a similar definition for 'services', in a well

GST slabs necessary for transition: Arjun Ram Meghwal

According to reports, government was working on four slabs

Govt working overtime on GST: Cabinet Secretary P K Sinha

Government wants to implement the tax reform from April 1 next year so as to ensure a smooth rollover to the changed tax structure

V Narayanasamy to attend the GST council meeting in Delhi

He said he had a letter for participation in the meeting from the Finance Ministry

Why implementing GST by April 1, 2017 will be a stiff challenge for Modi government

The closer GST implementation moves to 2019, the risks would be higher for the ruling regime in an election year

Centre sticks to its guns over dual control of GST

Wants exclusive control over the Rs 1.5 crore limit

Prime Minister reviews GST rollout preparedness

He directed that all steps must be completed well before April 1, 2017