GST will have no significant impact on inflation, in line with the revenue-neutral framework, Moody's said
The Constitution (122nd Amendment) Bill, 2014 was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate
Kapil Sibal cited the example of Aadhaar Bill to claim the new legislations could be converted into Money Bills to block voting
GST will be a "game-changer" as both the Centre and State governments will sacrifice their fiscal autonomy in favour of the new tax
But that is just the starting point. India needs to think strategically about how its large market can be served
Chidambaram said it can be debated whether the rate should be mentioned in the Constitutional Amendment Bill or in the subsequent legislations
Mitra said that the idea is to have a tax that does not result in inflationary pressures on the common people
The dispute resolution mechanism will be made more categorical in the Bill than the legislation which was passed by the Lok Sabha in 2014
The government can legally withdraw the exemptions so far as central excise and service tax are concerned
Committee likely to be set up to work out structure of compensation to states
One of the most important benefits of implementing the GST is that it would integrate the economy and provide for a common national market
According to tax experts, only 20% of mostly big firms are getting ready for the GST
The much awaited indirect tax reform is all set to be approved by the Rajya Sabha tomorrow
According to analysts, the move could boost India's economic growth by up to 2 percentage points
Gains in India could also be tempered since other Asian high-yielding markets are seen attracting foreign investors
The Monsoon session is left with 10 sittings and concludes on August 12
This is the week when the GST Constitution amendment Bill should be passed by the Rajya Sabha. The Congress has now said it will support the Bill. Who will oppose it? Should we anticipate a crisis? If things go the government way, the Bill will come up in the first half of the week.Report on AAP MP likely this weekLast week, Aam Aadmi Party (AAP) Member of Parliament Bhagwant Mann filmed a video clip of his journey from his residence to Parliament and shared it on social media. In the video, Mann had filmed sensitive security areas in Parliament. For this, he came under severe criticism from Lok Sabha Speaker Sumitra Mahajan and other political leaders. The Speaker also barred him from attending Parliament until a panel investigating his security-breach video submits its report. The nine-member panel is expected to submit its report by Tuesday. This will come up for discussion this week, possibly on Monday.Rajnath Singh in PakistanUnion Home Minister Rajnath Singh is in Pakistan to at
The government can legally withdraw the exemptions so far as central excise and service tax are concerned
The government has listed the GST Constitution amendment Bill for discussion and passage in the Rajya Sabha for next week
State govt will come out with a separate proposal on how to participate in GST framework