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

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

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

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

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

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

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