GOODS AND SERVICES TAX

  • Goods and Services Tax bill to be tabled in winter session 5 days ago

    New Delhi: Showing clear intent in reforming India's indirect tax regime within a time frame, Finance Minister Arun Jaitley Monday said the government would bring in the Goods and Services Tax (GST) bill in the upcoming winter session of parliament. The finance minister made the announcement at the Citi Bank Investor...
  • 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 writes to PM Modi on proposed amendment to GST law, says it will weaken states' finances August 18, 2014

    New Delhi: Tamil Nadu Chief Minister J Jayalalithaa on Monday wrote to Prime Minister Narendra Modi over the proposed amendment to the Goods and Services Tax legislation saying that the amendment was unfair to the states and would weaken state finances further. The Chief Minister has demanded the exclusion of...
  • Government hopes to finalise GST contours this year: Arun Jaitley July 10, 2014

    New Delhi: Committing to expeditiously rolling out Goods and Services Tax (GST), Finance Minister Arun Jaitley on Thursday said a solution to the issues relating to the comprehensive indirect tax regime may be finalised in the current year itself. "I do hope we are able to bring a final solution in...
  • 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...
  • 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...
  • Difficulties on GST, but will be in place by 2014: PM May 29, 2013

    Tokyo: Prime Minister Manmohan Singh on Tuesday acknowledged that there are difficulties with some state governments over the implementation of the Goods and Services Tax (GST) but said that he is confident it would be implemented in "an appropriate type" by 2014. "The objective of the Indian government is to move...
  • 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. ...
  • 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...
  • FDI in retail: BJP to organise traders' protest August 23, 2012

    New Delhi: Amid reports that the government is mulling over allowing FDI in retail, BJP on Thursday announced it will organise a protest demonstration by traders from across the country in the national capital on August 23 to oppose any such move. National Convenor of Traders Cell, BJP, Shyam Bihari Mishra,...
  • BJP not opposed to GST: Sushil Kumar Modi July 18, 2011

    Bihar Finance Minister and BJP leader Sushil Kumar Modi will now head the Empowered Committee of state Finance Minister to push ahead India's biggest tax reforms. With his election, the UPA government is hoping to build consensus among the BJP ruled states on the implementation of Goods and services tax....
  • Government rolls back 5 pc healthcare tax March 22, 2011

    The proposal which was made during the Budget invoked opposition from the medical fraternity. ...
  • Govt rolls back five per cent healthcare tax March 22, 2011

    New Delhi: The Government on Tuesday rolled back the five per cent tax healthcare, which many called the misery tax as it made treatment more expensive. Finance Minister Pranab Mukherjee made the announcement in his reply to the debate in the Lok Sabha on Tuesday. The proposal which was put forth...
  • Govt introduces Constitution Bill in Lok Sabha March 22, 2011

    New Delhi: The government on Tuesday introduced a Constitution Amendment Bill in the Lok Sabha to facilitate implementation of the Goods and Service Tax (GST), an indirect tax regime that would subsume levies like excise, service tax and sales tax. The Bill, introduced by Finance Minister Pranab Mukherjee seeks to amend the...