GST

  • Bullet News: Catch the day's top stories 2 days ago

    Bullet News is CNN-IBN's non-stop 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 2 days ago

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: BJP gets bypoll shock before assembly polls in Maharashtra, Haryana 2 days ago

    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 3 days ago

    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 pre-Budget 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 roll-out: 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 roll-out 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 industry-friendly 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 50-year 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 anti-poverty 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...
  • Pranab Mukherjee sounds caution on oil prices March 27, 2012

    New Delhi: Finance Minister Pranab Mukherjee, while replying to the Union Budget in the Lok Sabha on Tuesday, said that the Gulf crisis has impacted prices and availability of oil and hinted that imports will become difficult if crude prices rise to $150-200 per barrel. He also informed the House that...
  • DTC likely to become effective from FY14: Pranab March 18, 2012

    New Delhi: Finance Minister Pranab Mukherjee on Sunday expressed hope that the direct tax regime would become effective from 2013-14. Responding to a query in a post-budget interaction with industry leaders, he said the DTC legislation would be in place in 2012-13, but "effect would be from the next year onwards". Standing...
  • Winners and losers of Budget 2012 March 16, 2012

    New Delhi: Finance Minister Pranab Mukherjee played it safe in unveiling the federal budget on Friday, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing investors. The following sectors/companies will be hurt by the budget: * Oil explorers such as ONGC, Oil India (OILI.NS) and Cairn India...
  • Union Budget 2012: How it happened March 16, 2012

    New Delhi: Finance Minister Pranab Mukherjee's Budget failed to send out a strong message about the reform process while coming out with a subsidy management plan and announced a new income tax structure. Experts labelled the it as an '80s style' Budget. Mukherjee began by admitting that the global crisis...
  • Budget 2012: Pranab calls for speedy reforms March 16, 2012

    New Delhi: Finance Minister Pranab Mukherjee, while presenting the Union Budget on Friday, stressed on the need of speedy reforms and said that the Goods and Service Tax (GST) will be implemented from August. "The Economy is now turning around, manufacturing appears to be on revival. We have to accelerate the...
  • Budget 2012: Expectations of India Inc March 16, 2012

    The corporate India wishes that Pranab Mukherjee's Union Budget 2012 should be heavy on reforms. ...
  • Budget: Will political uncertainty affect reforms? March 16, 2012

    New Delhi: It is the D-day and the big question remains. Will political uncertainty make Finance Minister Pranab Mukherjee bid goodbye to controversial reforms like FDI in retail and fuel price hikes? In the aftermath of the Rail Budget fiasco, which saw Railway Minister Dinesh Trivedi having to face flak within...
  • Budget 2012: FM may not make big statements on tax March 13, 2012

    Mukesh Butani, chairman of BMR Advisors and Ketan Dalal, joint tax leader of PwC in an interview to CNBC-TV18 shared their expectations from the upcoming Union Budget 2012-13. According to Butani, Pranab Mukherjee will be hesitant to make any statement on goods and service tax (GST) implementation and its roadmap...
  • Budget: Need a clear road map for GST, says M&M President March 12, 2012

    Mahindra & Mahindra President Pawan Goenka believes that the Good and Service Tax (GST) is the biggest growth driver. ...