After GST Bill passage, many more challenges ahead
The long-pending GST Constitution Amendment Bill was passed by the Rajya Sabha on Wednesday
However, in the long-run customers will benefit following removal of duplication of tax incidences on hotels and airlines
EY's Hitesh Sharma says life-saving drugs should be kept out of the GST, else patients will lose out
He also said that Congress leaders in Parliament have made government rectify certain shortcomings in the bill
There may be a special law or a provision; state govt has estimated loss of Rs 14,000 cr after LBT and Octroi Duty are subsumed in GST
PHD Chamber of Commerce President said GST will enhance India's growth trajectory to 10% by 2019-20
Haryana was able to clinch investments worth Rs 5.84 lakh cr during the Happening Haryana investor summit at Gurgaon in March this year
Experts said that even staffing segment would get more organised
Govt targets April 1, 2017 as the date for GST roll out; assures of lower prices of goods in long run
The much-vaunted GST will reform India's complex indirect tax system, while maintaining balance between the Centre and states. We bring you the key figures in its evolution.
IT infrastructure, accounting procedures are not upto date
But will lead to increase in tax collections, says the financial holding company
GST clears Rajya Sabha hurdle, but tough negotiations ahead on power of Centre and states
It would also create multiple taxation points, which will be a challenge for the IT industry
The Finance Ministry on Wednesday issued a set of FAQs answering a total of 14 questions
Says, the West Bengal govt was supporting the GST as it would affect the common people positively by reducing prices
Arvind Subramanian said except for commodities, on average the poorest won't get affected by inflation at all
States pitch for the Rs 1.5-cr administrative threshold limit to be included in GST Act; FM Arun Jaitley says discussions are at an advanced stage
Council congratulated Indian Government and members of Parliament for approving the Constitution (122nd Amendment) Goods and Services Tax