Page 207 - Gst

Logistics stocks rally as govt paves way for GST bill clearance

Given the recent rally, analysts remain cautious on this segment

India should continue fiscal consolidation for better prospect

IMF says, easing domestic supply bottlenecks would also boost exports and improve investment prospects for the economy

Cabinet drops 1% additional tax from GST Bill

Provides guarantee to compensate states for any revenue loss in the first five years of rollout of the proposed indirect tax regime

How GST deal was clinched

Rajya Sabha may pass it next week, with consensus on revenue-neutral rate between Centre & states

Key Indian equity market indices open in green

Both indices were upon positive expectation that GST will get passed in the current monsoon session

Centre, states agree to keep GST rates lower than current level of taxes

Provisions to be included to compensate states for any loss of revenue in the first 5 years of GST

Maharashtra bats for 1% tax along with GST to compensate manufacturing states

The Devendra Fadnavis-led government also wants the Centre to keep in mind the loss in local body tax, while providing compensation for five years since the launch of GST

Will GST be passed next week?

Congress opposed the bill in Lok Sabha, so now it cannot support it in Rajya Sabha

GST expectations buoy equity markets

Healthy buying was witnessed in oil and gas, metal and consumer durables stocks

Scrapping of inter-state trade tax under scanner

State finance ministers will discuss adjudicating powers in GST today

Govt exploring ways to bring petrol products under DBT: Dharmendra Pradhan

Minister said many states are against bringing the petroleum products under the ambit of GST as it was a huge revenue generating source for them

GST prospects ambiguous again

This Bill envisages the release of about Rs 40,000 crore to states for afforestation

Letters: Service tax woes ahead

While several issues connected with the introduction of the goods and services tax legislation have been widely commented on, the likely effects of bringing the service sector within the jurisdiction of states has not got the desired attention.Since its modest inception in 1994, the ambit of service tax has widened, thus contributing substantial revenue. In mid-2012, there was a departure: All services, except those on the negative list came under the tax net; at the same time those with an annual turnover of up to Rs 10 lakh were exempted. The term "service" was also well defined.Over time, aided by several judicial pronouncements, central excise authorities have acquired the knowledge and experience required to administering this complex tax. Procedures for service providers spread over several states have also been streamlined in the form of centralised registration and filing of returns.Entrusting this sector overnight to states, which have no previous experience in this regard, is

GST listing in RS likely this week, Jaitley to meet state FMs

Finance Minister has been engaged in back-channel negotiations with Congress leaders

FPIs pump in $2 bn in July on GST traction, earnings outlook

Investment in July is followed by an outflow of Rs 4,373 cr in May-June

BJP confident of passing GST, trying to build consensus

Says, wants to take everybody on board including Congress

As GST vote approaches, Tamil Nadu parties may hold the key

These parties have 19 representatives in the Rajya Sabha, including 13 from AIADMK, 4 from DMK and one each representing Communist Party of India and CPI (M)

Ministers could meet Rahul Gandhi for GST compromise talks

Several new Bills are scheduled to be tabled in the Lok Sabha next week

Centre, state tax depts at loggerheads

GST committee has proposed two options in its report to iron out the administrative differences

Nomura: GST may hit growth

While the central tax kitty would increase within GST base would increase, those of states would fall in the short run, it said in a report