GST

  • Government to compensate states for revenue losses from new GST 8 hours 59 minutes ago

    New Delhi: India will compensate its state governments for revenue losses due to the new nationwide Goods and Service Tax (GST), which is targeted to be implemented on April 1, 2016, the Finance Minister said on Friday. Arun Jaitley told reporters that petroleum products would be part of the new GST. Earlier,...
  • Will not allow political obstructionism to stop Insurance Bill: Arun Jaitley 14 hours 20 minutes ago

    New Delhi: A day after introducing the long-pending GST Bill in the Lok Sabha, Finance Minister Arun Jaitley on Saturday said the government is "extremely determined" to push insurance sector reforms and will not allow political obstructionism to stop it. "The government is extremely determined to go ahead with this (insurance...
  • India @ 9 with Palki S Upadhyay Yesterday

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Pakistan extends custody of 26/11 mastermind Lakhvi for three months Yesterday

    Zakiur Rehman Lakhvi, a key planner of the 2008 Mumbai attack, on Friday was detained by Pakistani authorities for three more months, a day after he was granted bail by a court that caused an outrage in India. Lakhvi, 54, was detained for three months under Maintenance of Public Order...
  • Goods and Services Tax Bill introduced in Lok Sabha after nod by states, TMC sounds caution Yesterday

    New Delhi: Aimed at creating a single tax for goods and services across the country, the Centre on Friday introduced the long-pending Constitution Amendment Goods and Services Tax (GST) Bill in the Lok Sabha for rollout of the new regime from April 2016 subsuming various levies like entry tax and...
  • Cleared by Cabinet, GST Bill to be taken up in Parliament during Winter Session 2 days ago

    New Delhi: The Constitution Amendment Bill on Goods and Services Tax (GST) is likely to be taken up in the ongoing session of Parliament with the Union Cabinet giving its nod to bring about long-pending indirect tax reforms. The Bill was approved by the Cabinet late on Wednesday evening and it...
  • States oppose Centre's revised Goods and Service Tax draft December 11, 2014

    New Delhi: In a huge blow to Centre's plans to build a consensus on the Goods and Services Tax, states have opposed the Centre's revised GST draft. The government was hoping to get the legislation passed in the winter session of Parliament. The government was maintaining that broad agreement had...
  • Will try to bring GST Bill in this Session of Parliament: Jaitley December 1, 2014

    New Delhi: The National Democratic Alliance government plans to get some key bills passed in the ongoing Winter Session of Parliament. After a productive week, Finance Minister Arun Jaitley on Monday said that he will try to introduce the Goods & Service Tax (GST) Bill in Parliament. The government proposes to...
  • Revised GST Bill in Winter Session: Arun Jaitley October 21, 2014

    New Delhi: Finance Minister Arun Jaitley on Tuesday said the revised Constitution Amendment Bill to roll out GST would be introduced in the forthcoming Winter Session of Parliament. He also said the first "tranche" of compensation to states for their revenue loss arising due to phasing...
  • Bullet News: Catch the day's top stories September 16, 2014

    Bullet News is CNNIBN's nonstop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey September 16, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: BJP gets bypoll shock before assembly polls in Maharashtra, Haryana September 16, 2014

    The 33 Assembly and 3 Lok Sabha seats bypoll results have surely come as a big shocker for the ruling BJP at the Centre. After a resounding victory in the Lok Sabha elections in May, the Prime Minister Narendra Modi led BJP has tasted its first major defeat. The biggest...
  • PM Modi gives approval for introducing Goods and Services Tax reform September 16, 2014

    New Delhi: Prime Minister Narendra Modi has given the approval for going ahead with the biggest tax reform initiative the Goods and Services Tax. The government will now try to introduce the Constitutional Bill for GST in the Winter Session of Parliament. The government has decided to make a...
  • Jayalalithaa gathers consensus to deter government from rolling out GST September 11, 2014

    Chennai: Tamil Nadu Chief Minister Jayalalithaa is gathering consensus for stopping the government from rolling out the Goods & Services Tax. Jayalalithaa has informed all Chief Ministers that she has written to Finance Minister Arun Jaitley about the issue. Jayalalithaa said there are concerns over the impact of GST and urged...
  • Arun Jaitley lauds West Bengal government for its approach on GST August 23, 2014

    Kolkata: Union Finance Minister Arun Jaitley on Friday lauded the West Bengal government for accepting the Goods and Services Tax (GST) in principle and said the state's approach on the issue was very good. "There are several issues in which the Centre and the state government require discussion. To me, GST...
  • Budget 2014: Arun Jaitley pushes for GST, calls for a conclusion soon July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday gave a push to the Goods and Services Tax and indicated its implementation soon. During his Budget 2014 speech, Jaitley said that it is time to end the confusion over GST. Jaitley said that the government hopes to bring a conclusion on the...
  • Chidamabaram appreciates restrained language of Economic Survey July 9, 2014

    New Delhi: Former Finance Minister P Chidambaram on Wednesday appreciated the restrained language of the preBudget Economic Survey but expressed disappointment over it envisaging a five year period to put in place reforms. Reacting to the Survey tabled in Parliament on Wednesday, he said that he was glad that it...
  • India should avoid fiscal slippage: World Bank July 7, 2014

    New Delhi: Inflation is still uncomfortably high in India and the new government should avoid fiscal slippage as it seeks to revive the economy, the World Bank's India director said. The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying "mindless...
  • Government to sort out compensation issues for early GST rollout: Arun Jaitley July 3, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday said that the Centre would sort out compensation issues with states to ensure early rollout of Goods and Service Tax, a new indirect tax regime that will subsume various levies. After meeting state finance ministers, he said there is a broad consensus on...
  • Arun Jaitley keen to meet state FMs to push GST May 28, 2014

    New Delhi: Keen to push the Goods and Services Tax (GST), Finance Minister Arun Jaitley on Wednesday expressed desire to hold an early meeting with the state finance ministers. He also asked revenue officials to appraise him of the developments on the GST through a separate presentation on the issue, sources...
  • India Inc lay out agenda for new government May 19, 2014

    New Delhi: Pitching for a more industryfriendly business climate, India Inc on Monday asked the incoming government led by Narendra Modi to initiate steps aimed at promoting investments and reviving manufacturing, while putting in place a non adversarial tax regime. "They need to resolve the retrospective and other taxation matters and...
  • DTC bill will be introduced in monsoon session: Chidambaram July 16, 2013

    Jaipur: Finance Minister P Chidambaram on Tuesday said official amendments to the DTC bill, which seeks to overhaul the over 50year old income tax law, will be introduced towards the end of monsoon session of Parliament starting August 5. The Direct Taxes Code (DTC) bill was introduced in Lok Sabha in...
  • DTC bill will be introduced in Budget session: FM March 9, 2013

    New Delhi: Finance Minister P Chidambaram on Saturday said the government wants to introduce the Direct Tax Code (DTC) bill in the Budget session of Parliament. He also said that Goods and Service Tax (GST) would become a reality within 2013, if all state governments come on board. "We are working...
  • GST will happen, is in India's interest: Montek March 2, 2013

    New Delhi: Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said he is hopeful that the much delayed Goods and Services Tax (GST) will be implemented across the country no later than next year while speaking to Karan Thapar on Devil's Advocate. Below is an excerpt of the interview: Karan...
  • Govt to release Rs 9,000 cr to states in CST compensation February 28, 2013

    New Delhi: The government on Thursday said it will release Rs 9,000 crore as the first instalment of compensation for losses incurred by states due to reduction in the Central Sales Tax rate, a precondition for the rollout of GST - the indirect taxes regime. It also expressed the hope...
  • If I were FM: Introduce GST at the earliest, say people in Mumbai February 25, 2013

    In the countdown to the Union Budget 2013, CNN-IBN met people across the country to get their views on what they want from the Finance Minister. ...
  • FM to meet Cong leaders to get their budget wishlist February 14, 2013

    New Delhi: Finance minister P Chidambaram is expected to meet Congress leaders to get their budget wishlist on Thursday. The Congress is likely to make a strong pitch for raising the Income Tax exemption limit and increasing allocations for antipoverty programmes. Last month in Bhubaneshwar, the Empowered Committee of State Finance...
  • Working towards bringing in the GST: P Chidambaram November 8, 2012

    New Delhi: Finance Minister P Chidambaram on Thursday said that the Centre will soon bring in a major change in the taxation system in the country. Speaking to reporters, Chidambaram said, "We are moving towards bringing a major change in the taxation system in the country. We are working on...
  • India to see key reforms in the next 6 months: Basu April 22, 2012

    Washington: After the furore over his remarks to a think tank, Chief Economic Advisor Kaushik Basu feels India will see "some important" reforms in the next six months, including on subsidies and may be partial diesel decontrol and FDI in retail. However, he feels the "biggest reform" GST (Goods and Services...
  • Tax row: Jaya joins Mamata in slamming Centre April 14, 2012

    Chennai: Joining her West Bengal counterpart Mamata Banerjee, Tamil Nadu chief minister J Jayalalithaa on Saturday attacked the Centre for its "arbitrary" action in reducing Central Sales Tax (CST) compensation to states by linking it with VAT rate revision. Though the Centre had agreed to compensate states for the revenue loss...