December 2014

Strong administrative structure must precede GST implementation

31st December, 2014 - Although it is too early to evaluate the reforms initiated by the NDA government, the direction and the speed with which the government has implemented these elicit..............Read More


GST and India’s Competitiveness

31st December, 2014 - Over the past few weeks, there has been a growing interest among media in India’s indirect tax regime. On the one side are those who believe that the proposed changes..............Read More


Centre promied to clear CST dues starting next year: AP finance minster Yanamala Ramakrishnudu

30th December, 2014 - The Government of India has promised to release the first installment of the Central Sales Tax (CST) compensation dues to the states before the presentation..............Read More


ICAI northern chapter hosts seminar on GST

30th December, 2014 - The northern India regional council of the Institute of Cost Accountants of India (ICAI) recently organized a seminar on the theme "GST- Game-Changer for the Economy..............Read More


Expect GST to have a positive impact on port companies: Sudip Bandyopadhyay

29th December, 2014 - GPPL has this RO-RO terminal. Four-five days ago, there was news that SEZ players will be exempted or the MAT rate would come down quite substantially..............Read More


Basic exemption limit in taxation may be hiked in Budget 2015

29th December, 2014 - Arun Jaitley's maiden budget evoked mixed reactions from taxpayers. While small taxpayers and middle income earners were delighted by the hike..............Read More


GST woes: States differ with Centre

28th December, 2014 - In a sign that many states are still ambivalent about the proposed Goods and Services Tax (GST), some state finance ministers, who met Union finance minister..............Read More


Jaitly to discuss pre-budget consultation with state FMs

26th December, 2014 - Finance Minister Arun Jaitley will meet state finance ministers on Friday to elicit their views on the forthcoming budget to be presented in Lok Sabha in February-end..............Read More


GST will score over existing regime in transportation and logistics industry

26th December, 2014 - India is all set to usher in a game-changing tax reform—the goods and services tax (GST). Apart from creating a unified market across India.............Read More


The new GST: A halfway house

24th December, 2014 - From a roadblock during the UPA regime, the incessant efforts of the BJP government have finally paved way for the introduction of the goods and services tax (GST)..............Read More


Common man to benefit from GST; states to gain from Day 1: Finance Minister Arun Jaitley

24th December, 2014 - The switchover to the goods and services tax (GST), scheduled for April 1, 2016, will benefit most states from the start, finance minister Arun Jaitley told..............Read More


GST - Central Government to offer compensation to state

23rd December, 2014 - The central government will offer a tapering compensation package to states for introducing the goods and services tax (GST)..............Read More


Goods and Services Tax: How neutral is the revenue neutral rate ?

23rd December, 2014 - The recommendation for an integrated goods and services tax (GST) in India may be traced back to the report of the Kelkar task force on the implementation.............Read More


GST - simplify and harmonies the indirect tax regime in the country

22nd December, 2014 - Key benchmark indices could rise today, 22 December 2014, tracking firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicatesl................Read More


India’s GST Bill makes its way to Parliament

22nd December, 2014 - After several months of cautious moves on his reforms agenda, Prime Minister Narendra Modi's plans to create a unified Indian market have entered the final stages...............Read More


Civic administration is expecting the funds from the state and the Centre after GST implementation

22nd December, 2014 - The Centre's move to speed up the process of bringing in Goods and Services Tax (GST) has made the Pune Municipal Corporation (PMC) officials..............Read More


Didi for GST, but opposes some clauses

20th December, 2014 - If West Bengal chief minister and Trinamool Congress chief Mamata Banerjee had on Thursday asked her MPs to protest in the House..............Read More


Centre rushes bill on GST, may go for ordinance on insurance

20th December, 2014 - Finance minister Arun Jaitley on Friday introduced in the Lok Sabha the much-awaited bill to amend the Constitution for introduction of goods and services tax (GST)..............Read More


Evolve consensus before introducing Constitutional Amendment Bill on GST, Tamil Nadu CM tells Modi

19th December, 2014 - The Tamil Nadu government on Friday expressed its reservations on the Centre's move to introduce a Constitutional Amendment Bill on the goods and services tax (GST)...............Read More


States not consulted over proposed amendments to GST Bill: Amit Mitra

19th December, 2014 - West Bengal finance minister Amit Mitra has shot off a letter to the Chairman of the Empowered Committee of state finance ministers..............Read More


Automobile, logistics companies to reap rich GST dividend

19th December, 2014 - The Narendra Modi government’s plan to introduce the goods and services tax (GST) will allow the automobiles, logistics and entertainment sectors to reap a rich dividend..............Read More


GST bill is approved in Union Cabinet

17th December, 2014 - The Union cabinet today approved the constitution amendment bill on goods and services tax (GST), clearing the way for its introduction in the ongoing session..............Read More


Finance Ministry may move formal GST proposal in next cabinet meeting

17th December, 2014 - The finance ministry will move a formal proposal seeking Cabinet endorsement for the constitutional amendment bill to facilitate the goods and services tax (GST).............Read More


GST constitutional amendment bill to be tabled in current session

16th December, 2014 - In a last minute compromise deal, the Centre on Monday night decided to keep petroleum out of GST in return for states agreeing to entry tax............Read More


Government readies to get states back GST: Arun Jaitley to meet state finance ministers

15th December, 2014 - FM Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) ............Read More


States set to reveal their mind on petroleum GST

10th December, 2014 - Finance minister Arun Jaitley will meet state finance ministers on Thursday to discuss a draft Constitution Amendment Bill for the proposed goods and service tax............Read More


Centre to release Rs 11,000 cr CST compensation to states: Arun Jaitley

10th December, 2014 - A day ahead of his meeting with state finance ministers, Union Finance Minister Arun Jaitley today said the government will soon release Rs 11,000 crore towards Central Sales Tax.............Read More


GST to be implemented from April 2016: Sinha

10th December, 2014 - The government on Tuesday said that a broad agreement has been achieved with the states on most of the issues concerning the implementation of Goods and Services Tax.............Read More


Area-based excise sops to continue under GST

10th December, 2014
- The adoption of the goods and services tax (GST) won’t lead to untimely withdrawal of the excise waivers for industries in Jammu and Kashmir, Northeastern states.............Read More


CST compensation partly before Budget

9th December, 2014
- The Centre is planning to give “a portion” of the central sales tax (CST) compensation to states before the upcoming Budget..............Read More


Odisha to pitch for green cess in GST meet

8th December, 2014
- The state government is set to raise the pitch for introduction of a green cess on raising of minerals and also demand compensation amounting..............Read More


Rationalizing subsidies, GST, taxes: Jaitley explains Modi's reform plans

8th December, 2014 - Assuring India Inc of NDA's commitment to carry forward economic reforms, Finance Minister Arun Jaitley on Saturday said the government will come out with more steps to rationalise subsidies..............Read More


FM dangles Rs 13k-cr carrot to clear GST bottlenecks

8th December, 2014
-Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST).............Read More


States may get power to tinker with ‘State GST’ rates

5th December, 2014
- The Centre may allow States to unilaterally tinker with State-level Goods and Services Tax (State GST) rates as part of its efforts to build a consensus.............Read More


Making the entire country an SEZ - GST will help

5th December, 2014
- The whole country needs and can have efficient infrastructure, functional, speedy administration and taxation that prevents cascading of taxes and keeps track.............Read More


Important issues – GST and its implementation

3rd December, 2014
- After years of negotiation, the goods and services tax (GST), by far the country’s most ambitious tax reform in decades, is going to be rolled out on April 1, 2016.............Read More


State wants Petrol kept out of GST list

3rd December, 2014
- A crucial meeting of the high-powered committee on goods and services tax (GST) will be held in New Delhi on December 11. Punjab Finance Minister Parminder Singh Dhindsa............Read More


TARC recommends government bring back fringe benefit tax

3rd December, 2014
- Rahul Garg, leader of the direct tax practice at consulting firm Pricewaterhouse Coopers, said that currently when the economy is going through a recovery phase............Read More


Assam in favour of GST, but wants petro products out

2nd December, 2014
- On Goods and Services Tax (GST), the Assam government has made its position clear. It said it supported the introduction of GST...........Read More


CEA to hold 'North Block Policy Charcha'

2nd December, 2014
- Prime Minister Narendra Modi’s public connect programme Chai pe charcha (Discussion over tea) has been extended to the finance ministry...........Read More


GST Bill- introduce in current Parliament session by the cabinet

1st December, 2014 - Finance minister Arun Jaitley on Monday expressed hope that the much-awaited goods and services tax (GST) Bill, which provides for a uniform indirect tax structure...........Read More


November 2014

Maharashtra seeks Rs 4,500 crore in drought aid from from Centre

29th November, 2014 - Maharashtra government has demanded Rs 4,500 crore from the Centre to provide relief to farmers reeling under drought-like situation in the state...........Read More


GST is a broad issue according to Arun Jaitley

28th November, 2014 - Speaking in the Lok Sabha (LS) at the end of a discussion on black money, finance minister Arun Jaitley on Thursday repeated what he said earlier in the Rajya Sabha...........Read More


Government to introduce GST Bill in current Parliament session: Arun Jaitley

27th November, 2014 - Government will bring the much- awaited GST Bill, which provides for a uniform indirect tax structure, in the current session of Parliament...........Read More


Centre, States will negotiate on broad contours of GST Bill early next month

27th November, 2014 - To resolve pending issues around the Goods & Services Tax, the Centre will discuss the broad contours of the draft Constitutional Amendment Bill...........Read More


Maharashtra govt bats for 5-year GST compensation period

27th November, 2014 - The Maharashrta government has urged the Centre to put in place a special mechanism for compensation to the states under goods and service tax (GST)...........Read More


Determined BJP seeks to table insurance, GST Bills

24th November, 2014 - The Bharatiya Janata Party (BJP)-led government on Tuesday signalled its determination to push through two pieces of legislation key to its economic agenda, despite opposition in the Parliament...........Read More


Won't let Land Act provisions dilute: Kamal Nath

24th November, 2014
- With the onset of the winter session of Parliament today, the Modi government will face its first major test to push ahead with its reforms agenda...........Read More


Government hopeful of passing GST bill in current Parliament's Winter session: MoS Jayant Sinha

24th November, 2014 -The government is hopeful of getting the GST Constitutional Amendment Bill passed in the ongoing Winter session of Parliament so that the new tax regime could be rolled out by April 1, 2016............Read More


GST may subsume all entry taxes

24th November, 2014
-In a move that is likely to draw opposition from some states, the Centre is going to propose subsuming in the proposed goods & services tax (GST) all types of entry tax............Read More


GST- the single most important tax reform in India

23rd November, 2014
- Union finance minister Arun Jaitley recently said that the draft legislation to enact the long pending goods and services tax (GST).............Read More


GST to take care of many of e-commerce firms’ tax issues: IT minister

21st November, 2014
- Ravi Shankar Prasad who took charge as information technology (IT) and communications minister in May, has received plaudits for sustaining the momentum around Digital India.............Read More


The scrapping of LBT is furnished until GST is introduced in Maharashtra

20th November, 2014
- Maharashtra is unlikely to scrap the local body tax (LBT) unless the goods and services tax (GST) is introduced by the Centre, the state government has said..............Read More


Logistics companies looking for funds to build scale & be GST-ready

20th November, 2014
- An expected roll out of Goods and Service Tax (GST) is pushing privately-held logistics companies to look for funds from private equity firms, strategic investors and public.............Read More


Government hopes smooth Parliament session on GST

20th November, 2014
- The National Democratic Alliance (NDA) government anticipates a frenetic but non-confrontational winter session of Parliament.............Read More


GST can make positive changes in economy and equity - Citigroup

19th November, 2014
- Government's reform measures on GST, labour and land acquisition laws should augur well for the economy and equity markets, global brokerage firm Citigroup said today.............Read More


GST-proposed as a part of new aviation policy

16th November, 2014
- The BJP-led government is looking to include aviation turbine fuel (ATF) in the list of products to be covered by the proposed goods & services tax (GST), ensuring.............Read More


To push the GST bill in winter season

15th November, 2014
- Keen to push the GST Bill in the winter session of Parliament, Prime Minister Narendra Modi on Saturday took stock of the proposed new...........Read More


Centre wants a fresh look on low GST threshold

16th November, 2014
- The Centre is against keeping the threshold limit at Rs 10 lakh for levying GST and wants the committee on dual control to take a final view on the matter after detailed discussions.............Read More


GST issues: Still no consensus between Central government, states

12th November, 2014
- As the government works towards implementing the Goods and Services Tax (GST) from 2016, consensus between the Centre and states on crucial issues remains elusive...........Read More


As GST looms, Tamil Nadu looks at ways to keep kitty intact

12th November, 2014
- A study by experts shows that Tamil Nadu stands to lose at least Rs 5,000 crore per year - around 5% of its total budget outlay - if the proposed Goods and Services Tax............Read More


Panel moots stiff 27% revenue-neutral Goods and Service Tax

12th November, 2014
- A panel set up by the state governments has proposed revenue-neutral rates (RNRs) for the central and state components of the proposed goods and services tax.............Read More


Punjab protests to Gujarat’s proposal in GST meeting

11th November, 2014
- The Punjab government on Tuesday expressed its reservation on the constitutional validity of the proposal of Gujarat for changing the present structure of goods and service tax (GST)...........Read More


Jayant Sinha - expecting growth post implementation of GST

10th November, 2014
- Jayant Sinha, 51, assumed office on Monday as the minister of state for finance, days before the government begins the formal spadework for next year’s budget............Read More


Jaitley plans to act on GST, land acquisition and insurance bill

10th November, 2014
- Finance Minister Arun Jaitley said on Sunday the government would push amendments to the Land Acquisition Act even if opposition parties did not support it............Read More


Amending land purchase law priority for government: Arun Jaitley

10th November, 2014
- Finance minister Arun Jaitley on Sunday said the government will amend the land acquisition law to make it friendlier for economic development and suggested that the NDA............Read More


Government in final stages of discussions with states on GST: FM Arun Jaitley

9th November, 2014
-Hinting that amendments to the Goods and Services Tax (GST) may be introduced in the ensuing Winter session of Parliament..........Read More


Final talks on with states on Goods and Services Tax: Jaitley

9th November, 2014
- The central government is in the final stages of talks with the states on the pan-India Goods and Services Tax (GST) before the relevant bill for implementation...........Read More


GST reform in India

8th November, 2014
- Trade negotiators were dismayed when in July India scuppered a chance to make modest progress on a global trade deal. Perhaps they hoped for too much............Read More


Expect big bang reforms in Budget; MAT reduced: Adi Godrej

5th November, 2014
- Speaking on the sidelines of the World Economic Forum's (WEF) India summit, Adi Godrej, chairman, Godrej Group said he does not see any problems for the crucial laws)..........Read More


Congress may back government on GST, coal ordinance

5th November, 2014
- The Congress may back the Centre's proposal on goods and services tax (GST), rescuing pending economic reforms that have been hostage to politics..........Read More


GST in progress

4th November, 2014 - The Narendra Modi government has till now kept its focus on several administrative decisions that had been postponed for too long. It has also cleverly sold these decisions as major reforms........Read More


Congress supporting Modi on GST movement

3rd November, 2014
- India’s main opposition Congress party signaled it would back several laws that are key to Prime Minister Narendra Modi’s efforts to revive the economy during the winter session........Read More


India Opposition Signals Support for Key Modi Reforms

3rd November, 2014
- India’s main opposition Congress party signaled it would back several laws that are key to Prime Minister Narendra Modi’s efforts.........Read More


October 2014

GST bill in winter season

30th October, 2014
- While the government has done well to decontrol diesel prices as well as hint at the likelihood of introducing commercial mining in the coal sector........Read More


GST implementation will create a remarkable development in manufacturing industry – World Bank

27th October, 2014 - Modi’s make in India campaign will work only if goods and services tax, a game changing indirect tax reform, is rolled out rapidly........Read More


Tax Regime under GST should not be aggressive-FICCI

26th October, 2014 - China should invest more in India especially in industrial corridors which are new growth centres with the government providing most of the facilities sought by Chinese firms, FICCI said........Read More


Government to introduce constitution amendment bill to initiate GST-in the winter session

23rd October, 2014 - The Narendra Modi government’s economic reform measures leading into Diwali — labour, diesel and coal — have lifted Indian stock markets by 3%........Read More


Revised GST Bill in Winter Session: Arun Jaitley

21st October, 2014 - Finance Minister Arun Jaitley today said the revised Constitution Amendment Bill to roll out GST would be introduced in the forthcoming Winter Session of Parliament.......Read More


Government sets deadline of six months for rolling out Direct Tax Code and GST

21st October, 2014 - The government has set itself a deadline of six months to implement Direct Tax Code (DTC) and Goods and Services Tax (GST) as part of its action plan to ease the doing business in India.......Read More


BJP needs non-NDA support for bill amendment on GST in Rajya Sabha

20th October, 2014
- The triumphs in Maharashtra and Haryana notwithstanding, the BJP will need the support of non-NDA parties to get the constitutional amendment bill ......Read More


Nirmala Sitharaman- Closer to a solution on the GST

20th October, 2014
- The Centre is closer to finding a solution to approve a legislative scheme, which enables the introduction of Goods and Services Tax......Read More


Poll results give BJP half the economic pie

20th October, 2014
- With BJP set to form the government in Maharashtra and Haryana, the saffron party now controls over half the Indian economy......Read More


Goods & Services Tax, insurance next on Modi Government’s reform agenda

19th October, 2014
- After fuelling big-ticket reforms with diesel price deregulation and new pricing for domestically produced natural gas......Read More


State Coffers Bleed Tax as Booming E-tail Deepens Cut

18th October, 2014
- The booming business gained by e-tailers including Flipkart, Myntra, Snapdeal and Amazon from net savvy Kerala customers is creating a huge dent.......Read More


Satya Poddar: Cleaning up with the GST

16th October, 2014
- The prime minister's call for a "Swachh Bharat" is inspiring - but it cannot be limited to outer cleanliness. It must also aim at cleansing India's institutions.......Read More


New team to steer economy

16th October, 2014
- With the appointment of former IMF economist Arvind Subramanian as the Chief Economic Adviser and Rajasthan cadre IAS officer Rajiv Mehrishi.......Read More


Market of Maharashtra is waiting for the election result

15th October, 2014
- The outcome of the assembly elections in Maharashtra and Haryana will act as the next big trigger for the markets as the BJP tries to get a solid, solo footing in both the states........Read More


Achhe Din ? Maharashtra win or loss will define Modi's economic gameplan

15th October, 2014 - Narendra Modi may or may not have cause for cheer on 19 October when election results to the Maharashtra and Haryana assemblies will be out, but whatever the outcome, he now has to focus on the economy........Read More


Government must focus on reforms soon, like autos: Ambit Cap

14th October, 2014 - Investors are currently awaiting the Maharashtra and Haryana state election results on the assumption that once this event is out of the way......Read More


CEAMA agrees Government's involvement on etailing cos' pricing

14th October, 2014 - The Consumer Electronics and Appliances Manufacturers Association (CEAMA) today welcomed government's intervention in "predatory pricing" by.......Read More


Centre plans to give 3 years GST compensation for states

13th October, 2014 - Prime Minister Narendra Modi's plan to roll out a Goods & Services Tax (GST) by April 2016 could hit another hurdle, as the finance ministry wants to compensate......Read More


Government may have to put GST plans on hold

13th October, 2014 - The new government's plan to introduce GST (Goods & Services Tax) may have to be put on hold as the finance ministry wants to compensate states for only three years......Read More


Zero-rating GST on petro products – A thoughtful response to the state’s demand

10th October, 2014 - The Centre’s proposal to have a zero rate GST on petroleum products for the first few years is a thoughtful response to the states’ demand for the exclusion of these products from the GST.......Read More


Appointments of CEA wait till Jaitley’s recovery from bypass surgery

10th October, 2014 - The Centre has turned down Gujarat’s proposal to retain 2 per cent tax on inter-state movement of goods as and when Goods and Services Tax (GST) kicks in......Read More


Centre rejects Gujarat’s proposal of retaining 2% of integrated GST

9th October, 2014 - The Centre has turned down Gujarat’s proposal to retain 2 per cent tax on inter-state movement of goods as and when Goods and Services Tax (GST) kicks in......Read More


Modi Government rejects states’ demand

9th October, 2014 - While the Narendra Modi government is keen to bring the states on board for the proposed comprehensive goods and services tax (GST) given its economy-wide benefits.....Read More


The GST zero rate bait

8th October, 2014 - What is the political compulsion for keeping GST on petroleum products at zero initially ?.....Read More


World Bank presses for reforms

7th October, 2014 - The World Bank on Monday marginally scaled up its estimate of India’s economic growth to 5.6 per cent for 2014-15 from its earlier one of 5.5 per cent, made in June......Read More


The economy is reviving, foreign investors are favouring India: Nirmala Sitaraman

7th October, 2014 - Minister of State for Commerce and Finance Nirmala Sitaraman, in Mumbai to address election rallies, took time out to talk about the economy.......Read More


World Bank expects India GDP growth to accelerate to 5.6% in Financial Year 2015

6th October, 2014 - World Bank believes implementation of the GST is a crucial reform for improving competitiveness of India's manufacturing sector......Read More


Demand of states accepted partially in the revised GST bill

6th October, 2014 - The government has prepared a revised Constitution Amendment Bill for the Goods and Services Tax that largely accommodates the demands made by states.......Read More


Modi Government to take further initiative on GST implementation

2nd October, 2014 - Narendra Modi government has taken a significant step toward bringing closer the long-awaited goods and services tax (GST).........Read More


India is ready for change

2nd October, 2014 - One of India’s biggest plus points at the moment is that Modi has the backing of a firm majority of voters to push through changes..........Read More


September 2014

Centre keen on implementing GST soon, says Minister

28th September, 2014 - Union Minister of State for Commerce and Industry Nirmala Sitharaman has said that the Union government wants to implement the Goods and Services Tax (GST) as soon as possible...........Read More


GST should treat like Center State issue not like ordinary economic efficiency issue

27th September, 2014 - With the setting up of Goods and Services Tax (GST) cell headed by a joint secretary level officer and Prime Minister's Modi's directive.........Read More


Raman Singh shows Positive view to GST

26th September, 2014 - Chhattisgarh has no objection to implementation of the Goods and Services Tax (GST), state Chief Minister Raman Singh said today...........Read More


GST will make India One Market, says Mukhesh Ambani

25th September, 2014 - Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani on Thursday said the company’s over Rs.1.8 trillion investments will fructify in 12-15 months. These investments will help in creation of 0.12 million jobs, he said..........Read More


Finance Commission recommends for higher devolution

24th September, 2014 - With an eye on its fiscal deficit target of three per cent of gross domestic product by 2016-17, the finance ministry has recommended against higher devolution to states, in a communication to the 14th Finance Commission (FC)..........Read More


Modi’s ‘Make in India’ plan: The 7 hurdles it needs to overcome to boost manufacturing

23rd September, 2014
- Prime Minister Narendra Modi is expected to unveil a new manufacturing policy on 25 September, one which will give details regarding his Independence day appeal to the business world to ‘make in India’..........Read More


Service taxes set to get a big infrastructure bump

23rd September, 2014
- The service tax net will be cast wider soon to include a wide range of construction-related services, which are currently exempt as “infrastructure services” and form more than a third of the country’s Rs 4.5-lakh-crore construction sector..........Read More


Madhya Pradesh CM to cast his vote in favour of GST

21st September, 2014
- Madhya Pradesh has no objection to the implementation of the Goods and Services Tax (GST) in the country, Chief Minister Shivraj Singh Chouhan said to Zee News on 21.09.2014.........Read More


‘Partnership with United Spirits has transformed Diageo’s position in India’

21st September, 2014
-With the acquisition of the country’s largest liquor company United Spirits, the UK-based Diageo has finally found a strong platform to fast forward its own growth here..........Read More


Finance Commission can look into GST compensation issue: Sumit Bose

21st September, 2014
- The Finance Commission can be involved in the exercise of compensating states for revenue losses following implementation of the Goods and Services Tax (GST)..........Read More


GST implementation from April 2016 feasible: Revenue Secretary Shakti Kanta Das

20th September, 2014
- As negotiations with states on GST enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016..........Read More


The State Finance Ministers are still consulting on GST format

20th September, 2014 - The Empowered Committee of State Finance Ministers, which has been deliberating on the rollout of Goods and Services Tax (GST), a simplified tax regime, has not consulted the stakeholders in the last five years.........Read More


Government to introduce Constitutional Bill, with petroleum products in ambit

20th September, 2014
- The government is planning to reintroduce the Constitution (115th Amendment) Bill for Goods and Services Tax (GST) in the winter session..........Read More


Slow growth in tax revenue at the core of fiscal crisis

19th September, 2014
- Clouds of a fiscal or liquidity crisis are looming large over Kerala, a visible trend of which is the slower growth of own tax revenue..........Read More


Five point plan to jumpstart economy by Modi Government

19th September, 2014
-In a recent four-day ‘macro due diligence’ trip, economists at Morgan Stanley met with key policymakers, business leaders, credit ratings agencies and independent consultants..........Read More


Telangana pins hope on 14th finance panel report

19th September, 2014
-The Telangana government has pinned its hopes on 14th finance commission that arrived in the state on Thursday. Chief Minister K. Chandrasekhar Rao..........Read More


Compensating the state – submitted proposal from Gujarat

18th September, 2014
- The state of Gujarat has submitted a proposal to the Union government and to the states highlighting certain measures for compensating the states for their revenue loss.........Read More


E-commerce operators - easy compliance on GST

18th September, 2014
- The Karnataka government has erred in asking online retailer Amazon to pay value added tax (VAT) on products it does not own or sell........Read More


Gujarat suggests unconventional way out of GST deadlock

12th September, 2014
- In a sign of serious efforts by the Centre and states to iron out the differences over the design of the goods and services tax (GST).......Read More


Jaya Flags Concerns Over Roll-out of GST

12th September, 2014
- Throwing light on several issues that are yet to be sorted out with regard to implementation of the Goods and Services Tax (GST).......Read More


Petrol products should be out of GST: Jaya

11th September, 2014
- The Tamil Nadu government has said the Centre should strive for a 'broad consensus' on many aspects related to Goods and Services Tax (GST)........Read More


Probability of GST implementation on April 2016

11th September, 2014
- India’s biggest tax reform initiative — Goods and Services Tax (GST) — has entered the final leg of implementation with the government planning........Read More


Meeting at Tirupati can take a positive turn in GST application

11th September, 2014
- The 14th Finance Commission of India, headed by former RBI Governor Y V Reddy, has reached the temple town of Tirupathi in Andhra Pradesh to meet the Chief Minister and various stakeholders.......Read More


Shivaji Singh Chouhan gives an affirmative view on GST applicability

11th September, 2014
- In a signal that the installation of the new government at the centre has softened the stance of Bharatiya Janata Party.......Read More


Before GST application AP seeks compensation

10th September, 2014
- Andhra Pradesh finance minister Yanamala Ramakrishnudu today asked the Centre to release the compensation that was promised for the loss of revenue.......Read More


Modi to take further approach for implementing GST

5th September, 2014
- States are demanding a compensation mechanism in the Constitution Bill. Furthermore, they want petroleum to be out of the GST.......Read More


Empower Committee to make an approach resolving GST issues as they are preparing for foreign study tour

2nd September, 2014 - Prime Minister Narendra Modi's leash on foreign junkets of his ministers and bureaucrats seems to have trickled down to states as well.......Read More


August 2014

Thumbs up for Modi by India Inc

28th August, 2014 - It’s a big thumbs-up from India Inc for Prime Minister Narendra Modi, who completes 100 days in office a week from now. Leaders at Indian companies say the new government’s biggest achievement......Read More


Macquarie has awarded the UPA government 8.5 out of 10 for celebrating 100 days in power

26th August, 2014
- As the Narendra Modi-led NDA government nears completion of its 100 days in power, experts are putting together report cards analyzing the government's performance over the past 3 months.....Read More


Arun Jaitly and Mamata Banerjee meeting regarding GST had a successful turn

24th August, 2014
- Union finance minister Arun Jaitley on Saturday met chief minister Mamata Banerjee at Nabanna and praised the Bengal government's "positive approach" to goods and service tax......Read More


GST: indirect tax regime to focus on unified framework

24th August, 2014 - Ad man Rory Sutherland of Ogilvy and Mather in a TED talk entitled Sweating the small stuff, refers to a strange disproportionality where the response of a target audience is inversely proportional to the force applied.....Read More


Revenue loss still holds a barrier for GST implementation

22nd August, 2014 - Even after the change of regime at the Centre, the BJP-governed Gujarat has again raised the issue for extra compensation for revenue losses that manufacturing States could suffer by the introduction of the Goods and Services Tax (GST).....Read More


GST movement goes further but fails to get required support from states

21st August, 2014
- Despite the Modi government’s readiness to address some of the concerns of states over the proposed goods and services tax (GST), consensus on the contentious issues continues......Read More


Threshold limit for levying GST reduced to Rs 10 lakhs

21st August, 2014 - The finance ministers of different states on Wednesday pressed for lowering the threshold limit to `10 lakh for imposing Goods and Service Tax (GST) on entities.......Read More


GST to go ahead: Compensation proposed to be offered in three consecutive years

19th August, 2014 - With State Finance Ministers having dropped the issue of compensation in lieu of a cut in the central sales tax from the agenda of their upcoming meeting on implementing the Goods and Services Tax (GST), the major hurdle appears to have cleared in reforming.......Read More


Gujarat proposal may pose hurdle to Centre’s GST rollout

19th August, 2014 - The Gujarat government has asked for the right to collect central sales tax in perpetuity, potentially crippling the rollout of the nationwide Goods and Services Tax (GST).......Read More


Jayalalithaa addresses GST issues & seeks compensation for revenue losses

18th August, 2014 - The Central Government should provide an independent, permanent compensation mechanism for revenue losses that State Governments......Read More


Centre to give states Rs 25k cr to help push GST

7th August, 2014 - Anxious to keep the promise that a pan-India goods and services tax (GST) would soon be a reality, the government is planning to take a couple of steps soon, accommodating states’ concerns over the proposed comprehensive indirect tax system that analysts and industry vouch for......Read More


July 2014

GST row: Uttar Pradesh on board, MP and Rajasthan differ

28th July, 2014 - There's both good news and bad news on the goods & services tax (GST). The good news is that Uttar Pradesh Chief Minister Akhilesh Yadav has softened his position and said he's not opposed to the plan as long as the state's concerns are addressed.....Read More


GST: Centre expects consensus soon, Bill likely in Winter Session

28th July, 2014 - The government is working on introducing the Constitution (115th Amendment) Bill, for the proposed Goods and Services Tax (GST), in the Winter Session of Parliament. A senior official told The Indian Express that the Centre ....Read More


Compensation Sought for CST Loss

27th July, 2014 - Government is aiming to resolve the issues hampering GST roll out within this year, Finance Minister Arun Jaitley informed the Lok Sabha today. "The government targets to find a solution in the course.....Read More


NDA to put GST on fast track: Arun Jaitley

25th July, 2014 - Raising hopes of an early implementation of the goods and services tax (GST), finance minister Arun Jaitley assured Parliament on Friday that the government will seek to move the amendments to the Constitution Amendment Bill....Read More


GST will work well for all: Experts

20th July, 2014 - The goods and services tax (GST), which can replace all indirect levied on goods and services, is likely to benefit everyone, experts say.....Read More


Govt. to resolve issues hampering GST roll out within this year

18th July, 2014 - Government is aiming to resolve the issues hampering GST roll out within this year, Finance Minister Arun Jaitley informed the Lok Sabha today. "The government targets to find a solution in the course.....Read More


Budget lacks focus in crucial areas: Naveen Patnaik

11th July, 2014 - "Under the prevailing circumstances with high inflation coupled with drought-like scenario greater focus should have been given on agriculture, irrigation and social sector. However, the Union Budget lacks focus in all these crucial areas," said Patnaik.....Read More


June 2014

Commerce Minister Nirmala Sitharaman to implement GST soon

28th June, 2014 - After taking oath as the Commerce and Industry Minister, Nirmala Sitharaman made her maiden visit to Tamil Nadu to attend a marathon interactive session with industrialists which had been organised by the industry body FICCI – in Chennai.....Read More


GST: Centre's task easier with poll shift

22nd June, 2014 - Arun Jaitley might find it easier to evolve a consensus on the proposed (GST) than his predecessors in the earlier government, as the opposition to the indirect tax reform is now more on merits and less due to politics....Read More


GST Implementation to Help Narrow Fiscal Deficit: Crisil

22nd June, 2014 - Implementation of goods and services (GST) tax could help government raise tax revenues and reduce fiscal deficit, which has been around 4.5 per cent in the last three years, according to a report by rating agency Crisil.....Read More


FHRAI asks govt to rationalise taxes in hospitality sector

18th June, 2014 - On rationalisation of tax structure, FHRAI said: "Pending the introduction of a unified Goods & Services Tax (GST), hotel accommodation and air-conditioned restaurants should be included in the negative list for service tax."....Read More


CII seeks GST implementation, export incentives

17th June, 2014 - A comprehensive set of reforms that enhance export competitiveness, enhance ease of doing business and lower costs for industry are needed for the growth of manufacturing sector, said Confederation of Indian Industry (CII).....Read More